It is true that most of the individuals don’t know much about Loan against Property and end up availing Personal Loan whenever they need financial aid. Personal Loans are good when you need low amount of funds but if your requirement is huge then you can, it is always better to “Apply For Loan against property“ as it helps you to get desirable amount and also saves your money on the rate of interest.

One of the main reasons why Mortgage Loans get ignored is lack of knowledge about them in common people. The majority of individuals don’t know how a LAP is availed, what are the interest rates charged on it, how they can apply for it and so on. Therefore, this blog post is to clear all your doubts about Loan against Property as we will guide you about the loan and checklist to make before getting a LAP:

Compare the interest rate: Once you decide to avail a mortgage loan, the first thing which you should consider is comparison of interest rate. There are so many lenders in the market who are offering Loan against Property but try to choose one that offers you favorable deal with affordable interest rate. One can compare interest rate online between different lenders and select that offers you easy application and reasonable rates.

Pay attention to the loan: Before signing any loan agreement, it is always wise to read the terms and conditions carefully but only a few people this step properly. However, not having a proper awareness can cost you much in future. So, don’t sign any loan document in hurry and look upon every paper carefully. Moreover, if you are unable to understand the terms, you can always seek help from financial expert.

The things to check in loan agreement include terms for pre-payment, clause that allows lender to alter the conditions of the loan and last but not least is the clauses after defaulting on loan.

EMI calculation: It is really important to know your estimated EMI before getting any loan. It not only helps you to analyze your repayment capability but also helps you to plan your budget accordingly. The one thing to be aware of is never miss out on repaying the loan that you took against property because your property is on risk of auction if your default on loan for any reason. One can use an EMI calculator to know the right amount of monthly installment.

Hence, Loan against property is a secured type of financial tool where borrower gets a loan by pledging their commercial or residential property as collateral to the specific lender. One should utilize this option wisely and “Apply For Loan against property Online“ or offline when he/she is sure about their repayment capacity as by taking this loan, you risk your ownership of the property which is pledged as collateral. At the end, we can say that Loan against Property is a great way to avail a bigger cash to handle your financial crunch.

A loan against gold I a well liked method of getting funds using idle gold ornaments that lying around the home lockers. This secured gold loan is offered at affordable rate of interest than unsecured personal loan as they secure your ornaments as collateral. It is the convenient option for generating instant funds. One can “Apply For Gold Loan“ to secure big amount due to skyrocketing price of gold.

However, to get the great benefits of loan, conduct a proper research that you would do in other loans. In this blog post, we have mentioned some tips that you should follow to find the best deal of gold loan which assist you in doing so.

✓ Search a good lender: It is significant to know the legitimacy of lender before pledging your gold to secure a gold loan. You must be careful while availing an online loan. Go for well know lending institutions because disclosing your personal information to a con artist can land you in a big trouble. Therefore, it is necessary to ensure the security of your personal information and asset. Don’t go for the dubious ones when don’t know anything about their market presence.

✓ Compare the options: People in need always make mistake of choosing the first lender that they come across and accept their terms. When you analyze the lender and pick the reputed one, you will never lose anything. Nowadays, you can access anything with a sing click so evaluate the best offer made by different lenders and choose the most appropriate one. List down your needs and choose the lender with simple terms and reasonable interest rates.

✓ Know about additional charges: Be careful while considering the offer from the lender because every financial service has a catch. To know all the hidden charges on loan, you must read the loan agreement property. Look for the processing fee, late payment fee and foreclosure penalty and other charges. Pick a lender where they charge you low cost as it will help you to reduce your loan burden.

✓ Look out at repayment options: When you “Apply For Gold Loan Online“ then you should be aware of all the available possibilities that how comfortably you can successfully repay the loan. Select a lending institution that offers you a variety of flexible repayment structures at all times as it will help you to better manage your repayments with its assistance. So, choose the repayment option that best meets your requirement and helps you to make significant savings.

Hence, if you want to get great deal and want to make most out of an online gold loan, you need to do a proper research. Once you zero in on right lender, keep an eye on them for any festival discounts or promotional deals and lock in your deal when the loan cost is affordable. A detailed search can help you out in making a right decision whether it is in the aspect of interest rate, processing cost, loan to value ratio as well as repayment options.

Today, there may be numerous reasons that may prompt you to avail a loan for your financial needs whether it is to pay for hospital bills, buying a new home or vehicle, higher studies, business needs or even consolidating your debts. The convenience and easy application for loans make them a popular financial tool among people. You can “Apply For Loan“ despite of taking it as liability as there are flexible repayment options offered by the lenders these days.

In addition to that, getting a loan can help you to attain a strong credit report with a positive repayment history. Therefore, when you want to avail higher credit in future, such as business loan or home loan, lenders will review your application favorably because you would already have proved yourself as a low risk borrower. Now, we will take a look on some of the top reasons for which people avail a loan:

✓ To fulfill personal aspirations: Every single person has a set of aspirations that they want to achieve in their lifetime such as buying a fancy gadget, home renovation or buying a luxury car. A loan can help you to meet all these aspirational purchases because most of people still live on fixed monthly income.

One does not need to dig into his/her emergency funds to finance these expenses ensuring your loved ones are taken care if you are not there. A loan can help you to make these purchases easily and you can pay the lender in easy installments. You can also use EMI calculator to get an estimate of your installments and set budget accordingly.

✓ To consolidate the debts: In case, you have missed some of your previous loan EMIs or credit card bills then you have fallen into a debt trap. One can use a loan as financial route to consolidate such debts to tackle the situations and bring all your financial liabilities under single roof. Moreover, when you bring multiple repayments to a single monthly payout, it will help to boost your credit rating.

✓ To fulfill business needs: The major challenge in setting up or expanding a business is to find a funding for it. It is a fact that everyone is not blessed with significant savings so to overcome such scenario, opting a loan could be a best way to fulfill your business needs.

You just have to meet basic eligibility criteria proposed by the lender with a robust business plan. Once you fulfill the criteria, your loan will be disbursed into your bank account and you can utilize it to fund various business operations.

✓ To meet emergencies: However, you are prepared with some savings but future is unpredictable and you may face some circumstances where you are not in position to meet the financial expenses such as medical bills, emergency travel and car breakdown etc. therefore, you can “Apply For Loan Online“ to meet the entire expenses.

Hence if you need a quick flow of cash, a loan is undoubtedly the best way out. One can avail a loan after reviewing all the terms and conditions as well as the interest charges applicable on it to make the loan journey stress free.

As the name reveals, Loan against property is a secured form of loan provided by lender against any immovable property. A borrower can mortgage his/her residential or commercial property as security to procure the loan money. The loan quantum varies from one lender to other and can be compromised around 70-75% of the property’s market value. It is good to keep in mind that when you “Apply For Loan against property“ you need to repay it in EMIs in fixed tenure.

A Loan against property requires collateral so one has to keep the property papers as security with the lender. In case you default on loan for any reason, then your pledged property rights will be transferred to the lender. Therefore, make sure to pay the monthly installments on time without any delays or interruption. To make the loan journey easy, one should review few points while applying for a loan which is mentioned below:

✓ Repayment period: The repayment of a loan is most important factor as it impacts your creditworthiness. However, mortgage loans are secured type of loans; lending institutions usually offer a longer repayment tenure which could go up to 15-20 years depending upon the age of borrower, income and eligibility criteria.

✓ Loan quantum: The other key factor is the loan money which will be disbursed to you to fulfill your financial needs. Since you have pledged your property with lender so higher loan quantum will be offered depending upon the market price of your property. Before approving your loan money, the loan officer will evaluate your property’s value, income, past payment history as well as credit score.

✓ Rate of interest: The next thing to look upon is interest charges because the rates are lower in the case of Loan against property. More secure will be the loan, lesser will be the rate of interest and vice versa. When the lender has less monetary risk, they can offer you a lowest possible rate of interest depending upon the principal amount.

✓ Loan processing time: Unlike unsecured type of loans, the secured type of loan such as mortgage loans take time to process as lender needs to evaluate the property papers and its worth depending upon the current market value. This due diligence ends up extending the time needed in processing the Loan against property.

✓ Eligibility criteria: It is one of the main factors that decides whether your loan will be approved or not. Once you meet the eligibility criteria that involve age, income as well as credit score then lender will disburse the loan money directly to your account. The lender also provides you the quality services after you “Apply For Loan against property Online“ or offline as the loan journey could continue for up to 15-20 years.

Hence, Loan against property offers you numerous advantages such as lower interest rate, longer repayment period, higher loan quantum as well as greater flexibility; you will find it the much easier and convenient option to tackle your financial crisis. It is kind of credit solutions that offer needed funds as well as post disbursal services.

There are few times when certain financial urgencies require immediate funding. However, borrowing from your relatives and friends can be a good option but sometimes it can strain your relationships and bonding. There might be few consequences of borrowing from the family such as your reputation can be on risk, vague terms in borrowing, and inability to repay as well as upset relationships.

So, what could be the alternative to it? When you face a financial crisis, you can face the above mentioned repercussions of borrowing from family and friends; therefore it’s always better to look for formal lending and financial institutions. One such alternative solution is gold loan. It is a secured loan, so it is available at lowest possible interest rate. You can “Apply For Gold Loan“ with ShubhBank at your doorstep.

In this blog post, we will guide you through some benefits of availing a loan against gold from ShubhBank rather than borrowing from your relatives. Let’s read out some of them:

● Affordable rate of interest: In India, the rate of interest on gold loan starts from just 0.85% per month with zero processing fees. To illustrate, for every Rs. 100 borrowed, one just need to pay back Rs. 100.85 at the end of month. Isn’t it sounds great because no loan can be borrowed at such affordable rate of interest to meet your personal and business needs?

● Entire process at your doorstep: Nowadays, gold loan application can be made from your doorstep through online lending portals. ShubhBank has its own website where you can apply for loan online from your personal space. A loan executive will come to your doorstep to process your gold loan application and the loan will be disbursed within few minutes. The time when you repay the whole loan amount, your gold will be delivered to your place.

● Safety: When the loan quantum is disbursed in your account, your gold ornaments is packed in packets and stored in safe lockers in bank. After repayment, ShubhBank will deliver your gold safely to your location within 1-2 business days. Our institution holds the full responsibility of your gold, when our loan executive steps out of your doorstep after loan disbursal.

The one thing to keep in mind is that while borrowing against gold, your gold asset is at stake in case of default where as in case of borrowing from your relatives and friends, your relation and reputation will be on stake. Therefore, keep your family and friends as a last option and it is always preferable to meet your financial crunch independently through lending institution.

In recent times, when such easy financial options are available in the lending market, instead of putting your relation at stake “Apply For Gold Loan Online“ or offline because it a best ever option out there. If you are in financial crunch, visit or click on our website ShubhBank.com to avail gold loan. You will find out great loan features with easy eligibility criteria as well as flexible repayment options on loan against gold.

Nowadays, digital technology has entirely changed the way of borrowing and lending the money. There are number of bank and NBFCs that marked an online presence through their websites, lending portals and lending apps for taking the loan procedure to a whole new level. Access to online lending market has made it easier for borrower to “Apply For Loan“ these days.

The time taken to approve your loan application has been reduced significantly to 2-3 business days and physical process involved in authenticating the CIBIL has been replaced by API which automatically lessened the turnaround time. Therefore, the entire process of loan sanction has been made pretty easier. Here, we will discuss about some of the features related to online loans:

Basic eligibility criteria: Most of the lending institutions have very easy and simple eligibility criteria for sanctioning a loan. This makes it convenient for a wide variety of people to get a big or small ticket loans. Nevertheless, one must have a really good credit score for availing such types of loan solutions.

Paperless transactions: The lending institutions that offer online loans provides an easy documentation process with the help of lending apps and online submission of required papers. It means there is no need to visit the branch physically to avail any loan because you can simply get it approved by sitting at your home or office.

Faster processing: Once you submit all the required documents, your loan application get processed within 1-2 days and then the loan money is disbursed directly to your bank unless and until you have a good credit score. The loan procedure starts with meeting up eligibility criteria and ends with the loan quantum required for disbursal.

No hidden fee: When you avail any kind of loan, make sure to read all the terms and conditions regarding loan, interest rate, minimum payable amount for every month carefully. Well, all these terms are highlighted on the lending portals and phone applications making it hassle free to you access the portal and “Apply For Loan Online“ easily.

Affordable interest rate: Those days are gone now when the interest rates were handled by the bank managers because there is no space for favoritism as rate of interest are highly competitive these days. In recent times, any borrower will be eligible for rate of interest evaluated by the system based upon their credit profile, thus eliminating human bias.

Great customer support: Every lending institution provides both instant approval as well as 24X7 customer support to your queries by emails, SMS or phone calls. They give you a faster resolution and peace of mind regarding your question related to entire loan process. Nowadays, loan companies give you all the pre and post loan services along with financial solution.

Hence, the scenario of the financial sector has changed radically with the advancement in digital technology and online loans which are simple, convenient, paperless as well as seamless to access. One can apply for desired loan solution to meet a variety of personal and professional needs.