MyShubhLife

MyShubhLife provides you extensive financial assistance through Personal Loans, Earned Wage Access, Bill Payments, SIPs, Insurance, E Gold & E Tax filing.

Our Products

1. Personal Loans

Loans for people with no credit score - MyShubhLife credit model assesses your credit-worthiness

Loans from Rs.3,000 to 2,00,000 - Loans as per your need and capacity to repay

Types of loans – Education loan, Medical loans, Home upgrades & Emergency cash

2. Insurance

MyShubhLife offers custom insurance products for our customers:

Personal Accident

Hospicash Insurance

Critical Illness Insurance

Super Top Up Insurance

3. Investments – Mutual Fund SIPs

Start SIPs online.Invest in the right mutual fund SIPs from as low as Rs.100/month and plan your future with Equity Mutual Funds.

Tax Saving Mutual Funds (ELSS)

Tax saving plans can help you save up to 45,000 tax/year with a lock-in period of only 3 years. Other tax-saving investments like PPF have a lock-in of 5-15 years.

4. Buy Gold

Buy E-Gold, starting from Rs.100 on MyShubhLife platform and sell anytime of your need.

5. Tax Filing

File Income Tax returns easily on MyShubhLife app. Simply select all the sources of your income and e-file them accurately

6. Bill Payments

You can pay utility bills (water, gas, electricity), recharge mobile, recharge Fastag, renew insurance, make repayments on Loan EMIs / credit cards and do a lot more with bill payments on MyShubhLife app

How to apply for a loan?

Apply for a personal loan in 3 easy steps

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 get money directly into your account

MyShubhLife app connects borrowers with NBFCs/Banks. All loan applications are sanctioned & approved by NBFCs/Banks registered with RBI and their details are shown upfront during Loan application & in the Loan Agreements.

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

Top 8 reasons why MyShubhLife is the best app for your loan requirements

* Loans from ₹3,000 to ₹2,00,000

* Single app for all your quick loan needs such as revenue generation, education, wedding and medical expenses

* Loans to salaried employees with monthly income from ₹12,000

* Get credit easily by using only a smartphone or a computer

* No paperwork

* Convenient repayment tenure from 3 months to 3 years

* Interest rate from 16% - 44% p.a. on reducing balance basis, depending on risk profile and loan tenure

* Processing fee between 0% to 3%, deducted upfront

* MyShubhLife app is available in Kannada, Tamil, Telugu, Marathi, Hindi and English

Information on Personal Loans

Repayment Period: 3 months (min.) to 36 months (max.)

Max. Annual Percentage Rate (APR): 78%

Representative Example of the total cost of the loan

This is an example to help our customers understand how EMI, interest and other costs are calculated. Actual amount, tenure, interest rate & processing fee will depend on the customer's risk profile.

Loan Amount = ₹1,00,000

Duration = 12 months

Interest rate = 26%

Monthly EMI = ₹9,553

EMI = [P x R x (1+R)^N]/[(1+R)^N-1], P Loan Amount, R interest rate & N duration.

Total Interest [(EMI x 12) – Loan Amount]: (₹9553 x 12) - (₹1,00,000) = ₹14,636

Other costs include Processing Fee (@2% + 18% GST): ₹1,00,000 x 2% = ₹2,000 + 18% GST = ₹2,360.

Total costs = ₹14,636 + ₹2,360 = ₹16,996

Total Repayment = ₹1,00,000 + ₹16,996 = ₹1,16,996

Contact Us: Mail: support@myshubhlife.com