Which cities is MyShubhLife offered in currently?

Currently, MyShubhLife is offered in the following cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Delhi NCR, Hyderabad, Jaipur, Kolkata, Mumbai, Mysore, Nashik, and Pune.

Is a high CIBIL score necessary to get approved?

Loans are offered on the basis of the MyShubhLife credit model, not a CIBIL score . This is decided based on factors such as financial stability and repayment ability.

How soon does the loan get processed once approved?

Once approved, loans are processed within 2 working days.

If my loan gets rejected, can I apply again?

Yes, you can apply again after 6 months. The credit score given to you if your loan is rejected will also provide suggestions on how to improve your credit score.

How do I pay repay the loan?

The loan is debited from your salary account on a predetermined date that will be communicated to you.

MyShubhLife - Formerly Shubh Loans

If you are in need of immediate funds, you can avail personal loans with MyShubhLife. You can avail a loan in the range of Rs.15,000 to Rs.5 lakh without much hassle. Repayment of the loan can be done in 1 year.

We found 1 MyShubhLife Personal Loan

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Interest Rate

24%32%

Interest Rate range:
24% - 32%

Instant Loans Starting From Rs. 75,000

MyShubhLife
Loan Amount
:
₹75K -₹5L
Fixed
:
24.00% - 32.00%
Tenure
:
1 - 4 Years
Processing Fee
:
3.00%

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Fees & EligibilityFeatures

The interest charged on the loan is between 1.25% and 2% (flat monthly rate). You can foreclose the loan after the successful payment of 12 EMIs.

Features of MyShubhLife

Easy application process through mobile app
Loan amount ranging from Rs.15,000 to Rs.5 lakh
Loan repayment tenure is 1 year
Flat monthly interest rate ranging from 1.25% to 2.00%
Top-up loan available after repayment of 50% of the current loan
Loan pre-closure available after 12 months of repayment
Ease of document collection with agent pickup at pre-scheduled day and time at your office or residential address

Eligibility Criteria for MyShubhLife

Salaried individuals with a minimum monthly income of Rs.12,000
Minimum age of 21 and maximum age of 60

Documents Required for MyShubhLife

Identity proof: Aadhaar Card and PAN Card
Address proof: Rental agreement/utility bill/postpaid mobile bill/valid government KYC documents in the name of the loan applicant
Income proof: Latest bank statements with salary credits of the previous 3 months and salary slips
Photograph: Selfie

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How to Avail MyShubhLife

The application process for MyShubhLife is easy, quick, and hassle-free. Here are the simple steps you need to do:

Step 1 - Download the MyShubhLife mobile application and register your account.

Step 2 - Once your mobile number is verified, fill in your personal details.

Step 3 - Upload a photograph of your PAN and enter the details.

Step 4 - Add details of your residential address, education, work experience, current employment and salary.

Step 5 - Upload your bank statement either by linking your MyShubhLife account to your netbanking account or by uploading the bank statement documents in the PDF format.

Step 6 - Once your bank statements have been instantly verified, you can apply for the loan.

Step 7 - Choose the EMI amount you can afford to pay, the quantum of loan you require, your desired repayment tenure, and your loan purpose.

Step 8 - Upload your selfie.

Step 9 - Upload your latest payslip and proof of residential address in PDF format.

Step 10 - Share the contact details of two references (one family and one friend).

Step 11 - Your loan application is now complete and will be processed within 2 working days once approved.

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FAQs on MyShubhLife Personal loan

Which cities is MyShubhLife offered in currently?
Currently, MyShubhLife is offered in the following cities: Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Delhi NCR, Hyderabad, Jaipur, Kolkata, Mumbai, Mysore, Nashik, and Pune.
Is a high CIBIL score necessary to get approved?
Loans are offered on the basis of the MyShubhLife credit model, not a CIBIL score. This is decided based on factors such as financial stability and repayment ability.
How soon does the loan get processed once approved?
Once approved, loans are processed within 2 working days.
If my loan gets rejected, can I apply again?
Yes, you can apply again after 6 months. The credit score given to you if your loan is rejected will also provide suggestions on how to improve your credit score.
How do I pay repay the loan?
The loan is debited from your salary account on a predetermined date that will be communicated to you.

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