Eligibility Criteria for Loan Against Property.

Loan Against Property Eligibility differs from bank to bank and tenure of the loan. Loan Against Property is offered by the banks for various purposes. It is offered against freehold property such as residential property as well as commercial property. However, the eligibility for a loan against property differs from bank to bank. Loan Against Property Eligibility Eligibility Criteria for banks and other financial institutions differ from each other but almost the same for salaried employees and self-employed. The applicant should be a citizen of India. Applicants must attain the age [...]

By |2020-12-31T07:50:55+00:00May 14th, 2018|Loan against Property|0 Comments

Benefits of Loan Against Property

There are various benefits of loans against property and loans option provided by the bank, one such popular loan is Loan Against Property. As it is preferable because it generally allows the borrower to borrow a relatively large amount. It has easy documentation flexible repayment options and speedy approval. The borrower can apply for a loan by putting his property as collateral or security. However, the mortgage only involves the transfer of interest and ownership of the property. Loan Against Property is popular because the higher loan amount is generally for [...]

By |2020-12-31T05:45:04+00:00May 11th, 2018|Loan against Property|0 Comments

Loan Against Property for Education

Loans against property can be taken for education purposes. Funds up to 75% of the property value are offered by the secured loan. However, the loan against property has a lower interest rate with a longer repayment period. Furthermore, the loan against property becomes a convenient source of finance. How to apply for a loan against property for education? Meet the eligibility requirements Before applying for a loan against property it is important to check the eligibility requirements. Apply for a loan only if you fulfill the eligibility requirements for the [...]

By |2020-12-31T07:11:55+00:00May 5th, 2018|Loan against Property|0 Comments

Documents Required for Loan Against Property

Loan against property is also known as a secured loan. There is various reason to avail loan against property. However, the loan is availed by mortgaging An existing property like Commercial property Residential property Industrial property Falt, plot, land, etc. However, the amount of the loan is decided by the lender based on The income of the borrower, The value of the property Documents required for a loan against property If the borrower is self-employed Form 26 (AS) for the current financial year. Profit of the last 2 years Profit [...]

By |2020-12-31T07:35:10+00:00May 4th, 2018|Loan against Property|0 Comments

How to Avail Loan Against Property?

Loan Against Property is a secured loan and taken on the market value of the property. It is a method of generating funds at a lower cost. However, the property will be provided as security against the loan. The tenure of the loan can be extended to 15 years. Loan against property is offered by banks and financial institutions. However, the loan is available against the residential property and the commercial property as well. Other conditions and requirements can be imposed by the lender. However, the terms and conditions differ [...]

By |2020-12-31T07:57:55+00:00May 4th, 2018|Loan against Property|0 Comments

Advantages of Loan Against Property

Loan Against Property is a secured loan where the borrower keeps his property as a security against the loan. However, the right of ownership of the property remains with the borrower (owner of the property). If in case the borrower fails to pay off the loan then the seller has a right to sell, the lender can sell the property mortgaged by the borrower. Loan Against Property The loan amount and interest varies is differ from bank to bank. However, the minimum of the loan will be INR. 2 lac, [...]

By |2020-12-31T07:08:29+00:00May 4th, 2018|Loan against Property|0 Comments

Apply for Loan Against Property

Loan against property has seen steady growth and already comprise 20% of the mortgage businesses, according to a report by Nomura, a financial holding company. This segment is sized at about INR. 2.3 trillion and is expected to double to at least INR. 5 trillion by 2019. This is a secured loan in which a borrower can mortgage his/her property and borrow against it. The amount that can be borrowed depends upon the property and is usually 40-60% of the property value. If you too are looking for a loan against [...]

By |2020-12-31T09:38:51+00:00May 3rd, 2018|Loan against Property|0 Comments

Rules of Loan Against Property

Loans against property have seen steady growth. And already comprise 20% of the mortgage businesses, according to a report by Nomura (a financial holding company). This segment is sized about Rs. 2.3 trillion and is expected to double to at least Rs. 5 trillion by 2019. This is a secured loan in which a borrower can mortgage the property. and borrow the loan against the property. The amount that can be borrowed depends upon the property is usually 40% to 60% of the property value. If you too are looking for [...]

By |2020-10-09T11:39:31+00:00November 9th, 2017|Loan against Property|0 Comments

What is equipment financing and how it will help?

There’s some point in your business’s life cycle when you may need to invest in pricey equipment to ensure that it’s competitive. Yet, few small businesses have the cash flow to pay for such big-ticket needs out of pocket. Equipment financing is designed to make those large but necessary purchases more financially feasible for small businesses. Here’s what you need to know: What is Equipment Financing? Equipment financing is a form of business financing used to provide companies with the capital necessary to purchase needed equipment. The process provides you with [...]

By |2020-10-12T10:57:33+00:00November 9th, 2017|Loan against Property|0 Comments

When to refinance?

What is refinancing? Refinancing is a process of paying your past loans and replacing it with a new one. It means paying off the existing loan and getting a fresh loan in place of it. This is done by many people to take the benefits of lower interest rates and desire to convert the adjustable mortgage to a fixed mortgage. One of the best ways to refinance is to lower the interest rate on the existing loan. Reducing the interest rate offers a two-fold advantage, first, it helps you to [...]

By |2020-12-31T05:20:51+00:00November 4th, 2017|Business Loan, Loan against Property|0 Comments
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