MyShubhLife 1.48.1

MyShubhLife offers an array of financial services to assist you, including Personal Loans, Earned Wage Access, Bill Payments, SIPs, Insurance, E Gold, and E Tax filing.

Our Products:

1. Personal Loans
   • Loans available from Rs.3,000 to 2,00,000 for individuals with no credit score.
   • Diverse loan types such as Education loan, Medical loans, Home upgrades, and Emergency cash with flexible repayment options.
2. Insurance
   • Custom insurance products including Personal Accident, Hospicash Insurance, Critical Illness Insurance, and Super Top Up Insurance.
3. Investments – Mutual Fund SIPs
   • Start SIPs online with investments as low as Rs.100/month in Equity Mutual Funds.
   • Tax Saving Mutual Funds (ELSS) with tax-saving benefits for up to Rs.45,000/year.
4. Buy Gold
   • Purchase E-Gold starting from Rs.100 on the MyShubhLife platform and have the flexibility to sell at any time.
5. Tax Filing
   • Easily file Income Tax returns through the MyShubhLife app by accurately reporting all sources of income.
6. Bill Payments
   • Conveniently handle utility bills, mobile recharges, Fastag recharges, insurance renewals, loan EMIs/credit card repayments, and more through the MyShubhLife app.

How to apply for a loan?

Applying for a personal loan is a seamless process:

1. Complete your MyShubhLife app profile with PAN and Bank Statement.
2. Generate your free MyShubhLife Credit Report.
3. Apply for a loan on the app and receive funds directly into your account.

The MyShubhLife app facilitates connections between borrowers and NBFCs/Banks for loan processing. All applications are sanctioned and approved by RBI-registered NBFCs/Banks.

Our Lending Partners:

• HDB Financial Services Limited - https://www.hdbfs.com/products/digital-lenders
• Ekagrata Finance Private Limited - https://www.ekagratafinance.com/our-digital-partner.html
• Axis Finance Limited - https://www.axisfinance.in/retail/personal-loan
• InCred Financial Services Limited - https://www.incred.com/partnership.html
• DMI Finance Pvt Ltd. - https://www.dmifinance.in/dmi-sourcing-partners.html

• Loans available from ₹3,000 to ₹2,00,000
  
  
• A one-stop app for various financial needs like education expenses and medical emergencies.
  
  
• Suitable loans for salaried individuals with minimum monthly income requirements.
  
  
• Simplified credit process accessible via smartphones or computers without extensive paperwork.
  
  
• Flexible repayment tenure options ranging from 3 months to 3 years.
  
  
• Competitive interest rates from 16% - 44% p.a., calculated on a reducing balance basis depending on risk profiles and tenure length..
• An upfront processing fee between 0% to 3% that is deducted at the time of the loan agreement.
  
  
• The MyShubhLife app is multilingual supporting Kannada, Tamil, Telugu, Marathi, Hindi, and English languages for user convenience.

  Information on Personal Loans:

  • Repayment Period: Minimum of 3 months to a maximum of 36 months.
  • The Maximum Annual Percentage Rate (APR): 78%

    A Representative Example of the total cost of the loan:

    • An illustrative example showcasing EMI calculations considering interests and additional costs,
    • The amount borrowed = ₹1,00,000,
    • The Loan duration = 12 months,
    • The Interest rate = 26%,
    • The Monthly EMI = ₹9,553,
  • Total Interest Cost [(EMI x12) – Loan Amount]: (₹9553x12) - (₹1,00,000) = ₹14,636,
  • Additianal costs include Processing Fee (@2% +18% GST): ₹1,00.000 x2% = ₹2.000 +18% GST = ₹2.360. Total costs =' ₹14.636+₹2.360=' ₹16.996., The cumulative Payment=' ₹1.00.000+₹16.996= ' ₹1_16_996.
  Contact Us: Mail: [email protected]