AuthorAlisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health. Archives
March 2020
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As kids, all of us aspire to grow up and buy a fancy car for ourselves. This might sound weird but it is very common among individuals who grew up watching Hollywood movies boasting classy and expensive supercars. Now, some of us grow up and give up on this dream owing to financial problems, there are others who maintain a persistent attitude towards this childhood fantasy and end up buying their dream car eventually. So, if you belong to the second category of individuals, a loan against property is what you would need to realize your dream - to buy your dream car. Having said that, the question is how can you avail an instant loan against property to finance the purchase of your dream car? Read on to find out. 1. Find out the on-road price of your car: First thing first, find out how much you need to borrow. The best way to find out the answer is by calculating the on-road price of the car you want to buy. So, check with the car seller and find out the total cost of your dream car. 2. Shop around and explore the different options: Once you know how much you need to borrow, shop around on the internet and find out all the available options. 3. Compare and find the best for yourself: Compare all the available loan against property based on your needs and come up with one scheme you would like to apply for. 4. Use the online application feature and apply for the loan: In the end, navigate to the online application section and duly fill the application form. Attach all the necessary documents and click on the ‘submit’ button. Bottom line: Though it won’t affect your loan application much but make sure your CIBIL score is in shape at the time of applying for the loan. Additional Read: How to Take an Instant Loan Against Property to Buy Dream Car
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To manage any kind of financial obligation be it wedding, higher studies, travel, etc. you may consider getting a mortgage loan online against fixed asset like property. I suggest this because it is a form of secured loan. It saves you from the hassle of depending on your savings, regular income or someone else to fulfil your financial needs.
Additionally, you can use the EMI calculator available at the lender’s website. This is a simple tool which gives the value of total EMI per month to help you make an informed decision and manage the loan better.
Additional Read: 5 Reasons To Get A Loan Against Your Property 5 Reasons Loan Against Property is Better than Personal Loan |