In today world we cannot imagine a life without technology. Technological advances have resulted in numerous benefits. You need not go to the bank to send money or get your bank statement. From school fees to utility bills, almost everything is now paid online. So, here is another key benefit for you to avail yourself. Apply for a Home Loan Online. Shubham Housing Finance has made the Home Loan Application procedure safer and more accessible through its website. Shubham Housing Finance provides an online process for Home Loan applications. You do not even need to step out to visit our branch to file your Home Loan Application. But one must not forget that people still opt for the traditional method of home loan applications because it is old and human involvement is always more trusted. Let us check the comparison between Online and Offline Home Loan applications at Shubham Housing Finance.

As a home loan borrower, you may seek a high loan amount. It can provide the financial security you need to purchase your dream home. Whether you are looking to buy a home or simply need more money to cover your expenses, a high loan amount can be the right solution for you. It is important to take the time to understand the process. Wondering what you need to do to get a high loan amount? You are not alone. There are a lot of people in the market who are curious to know about this. When you are looking for a high loan amount, it is important to be prepared. There are certain things that you will need to do in order to make sure that you get the best deal possible. In this post, we will discuss some of the things that you can do to make sure that you get the right loan for your needs.

In a post-pandemic world, we all know how uncertain and unpredictable life can be. All of us have learned to live with uncertainty almost on a daily and weekly basis. The pandemic that started in 2020 and continues in 2022 as we write this, also brought to the forefront how vulnerable our financial lives are and how under-prepared we are for things such as sudden medical expenses. Health insurance is an agreement between an insurer and an individual or group of people, whereby the insurer agrees to pay part or all of the costs associated with the health care of those insured. It can be obtained through private insurers, such as employers, or purchased individually.

The EMI consists of the principal amount and the interest on the principal amount. It is calculated by taking into account the loan amount, the time frame for repaying the loan, and the interest rate on the borrowed sum. When it comes to purchasing a home, one of the most important things to consider is the amount of money being borrowed. Another key factor to consider while selecting a loan is the term of the loan. The third most significant aspect is the interest rate. These three important aspects decide the Equated Monthly Instalment also called the EMI. Every month, part of the EMI is adjusted towards the interest payable and the balance is adjusted towards repayment of the principal. An EMI is the amount of money you pay in monthly payments to repay your outstanding loan. Repayments are simpler with EMI since you may make your installments on a monthly basis. Before taking out a home loan, be sure to assess how much the monthly payment will be. After all, borrowing money is a significant financial commitment. The EMI, on the other hand, is usually constant for the whole duration of your debt and must be repaid monthly over the term of your loan. During the first years of your loans term, you pay more in interest. When you repay the debt, a greater proportion of your payment is applied to the principal component. The EMIs are determined using a reduction balance technique that works in your favor as a borrower.

In today’s time, buying a home is an expensive affair. From application fees to document charges, multiple costs are incurred when applying for around the entire process. At Shubham Housing Finance, we believe that buying a home means the ability to make your aspirations a reality. Keeping this in mind, we’ve busted some myths about taking a home loan.