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March 2020
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There are several loans available in the market, but still if you think of choosing a loan against property, you will surely be in the safer side. This is because it is a secured loan, so it will be easy to get qualified for the loan and the rate of interest of the loan will be lower. A loan against property is a secured loan, so you will have to keep a collateral for the amount you receive as a loan. You need to mortgage a home or a property to get a loan from either bank or Non-Banking Financial Company (NBFC). There are certain factors that you should remember so that you get benefitted more and your application never gets rejected. Those factors are:
To know the other factors, read:
5 things to Avoid Rejection on Loan Against Property Why Loan Against Property Gets Rejected?
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Loan Against Shares: A Comprehensive Guide10/26/2018 Financial experts have been suggesting to invest money in shares, stocks or any other investment tool from generations, yet, people never paid attention. Every asset that an individual owns whether it is financial, tangible, or intangible, is crucial to tackling the various definite and unplanned financial needs likely to occur in the future.
Simply put, investing money safeguards your future and entitles you immediate tax benefits in the present. Besides, financial investments such as FD certificate, mutual funds bond, debt bonds etc. are important because they are accepted as collateral for a loan against shares. A loan against shares is a type of mortgage loan wherein the borrower can pledge his/her investment bonds to secure the loan. The best part, the maturity value remains intact and the applicant is able to meet his/her present cash needs. What are the eligibility criterions for a loan against shares? The eligibility criterions for a loan against shares are very simple and easy to qualify. Check them below:- Age criteria: Anyone applying for the said loan should be at least 18 years of age. Having said that, the age limit varies as you move from one lender to another and can be 21 years or 22 years. Nationality: You must be a resident of India. Employment status: You must be employed. Your employment type doesn’t matter, all you need is a regular source of income to be eligible. Minimum collateral value: Last but not least, some financial institutions have a minimum borrowing limit which gives birth to minimum share value condition. You have to check it beforehand and apply accordingly. On a concluding note, not all but some lenders definitely have minimum income criteria to ensure the applicant is capable of repaying the loan. You may have to qualify the same too in order to obtain your desired value as loan. For more information, click here: Everything You Wanted to Know About Loan Against Shares |