Category : Loan Against Property
Securing a Loan Against Property (LAP) is an important financial decision with long-term implications. Failing to repay the loan can have grave consequences, including a massive drop in your credit score and the loss of your property. Therefore, you must have a repayment plan when you apply for a Loan Against Property.
Category : Loan Against Property
Repaying or foreclosing your Loan Against Property quickly is a smart move. It not only saves money on interest but also improves your financial health. This blog discusses strategies and tips to repay or foreclose your Loan Against Property quickly. Read on!
Category : Loan Against Property
Like any other loan, a Loan Against Property (LAP) has specific eligibility criteria for getting your application approved. Lenders have specific requirements such as minimum credit scores, minimum income, repayment capacity, property value, etc., based on which they grant loans. You must be mindful of the Loan Against Property eligibility criteria to avoid your applications getting rejected.
Category : Loan Against Property
Loan against bungalow is secured loan similar to a Loan Against Property. To avail of a Loan Against Bungalow, you must possess a bungalow as collateral. You can use the loan amount to fulfil any financial requirement like medical emergency, education, starting a business or buying a house.
Category : Loan Against Property
When it comes to financial planning, especially in the later stages of your life, you come across two options – Reverse Mortgage Loan and Loan Against Property. Both options allow you to access quick funds using your property as collateral. But they cater to different features and end-use based on your age. Understand the difference between a Reverse Mortgage Loan and a Loan Against Property to decide which one to choose.
Category : Loan Against Property
Unlocking your home’s real value with a loan against home can turn out to be a great financial strategy to meet personal or business needs. The maximum loan-to-value (LTV) ratio for a loan against your home is 80% of its value.
Category : Loan Against Property
A CIBIL score represents your creditworthiness and plays a crucial role in helping you get a loan at favorable terms. It is a three-digit number ranging between 300 and 900, reflecting your borrowing behavior.
Category : Loan Against Property
Mortgage Loans have become an integral part of the Indian financial landscape, enabling millions of people to fulfil their various financial needs. These loans are obtained by real estate buyers to raise funds for buying property or existing property owners for some other financial expenses by mortgaging their owned property as collateral for security.
Category : Loan Against Property
Your property is a powerful asset that can be leveraged for big-ticket expenses like business expansion, weddings, home renovations, etc. Loan Against Property (LAP) is the right choice if you require additional funds without impacting your savings.
Category : Loan Against Property
When faced with financial challenges, many individuals or businesses turn to loans as a viable solution. One of the most secure and accessible forms of borrowing is a Loan Against Property (LAP).
Category : Loan Against Property
Oftentimes, to receive something, you need to let go of something but that’s not the case with Loan against property (LAP).
Category : Loan Against Property
There is a common saying that goes – ‘Home is where the heart is.’ Thus, it is only natural for someone to find it difficult to part with their house or property due to some form of emotion or sentiment attached to it.