Nowadays, inflation has affected most of the people financially which is too difficult to handle without any monetary aid. It can be resolved either by borrowing from friends or relatives or availing different loan products from financial institutions as per your requirements. There are various lending institutions that offer several types of secured and unsecured loans as per borrower’s need.

As far as you are concerned about the security of loan, you can apply for Loan against Property as you could access this financial product on residential as well as commercial property. One can also get the benefits of online loan against property from the comfort of your personal space. You can avail this loan at ShubhBank by submitting the required documents to complete the application process.

Before you “Apply For Loan against property“ and submit all the required documents, consider some of the essentials that you can’t avoid for LAP:

→ Valuation of the Property: We have already mentioned that different type of residential and commercial properties can be mortgaged with the lender to avail Loan against Property. Remember, lender will evaluate the value of property to be pledged based upon the current market price.

A lender will sanction you the loan money up to 70% of the current value of the property upon the submission of needed documents. However, the valuation of property may differ from one lender to other.

→ Interest rate: The interest rate on Loan against Property is much lesser as compared to other secured and unsecured loans, so it’s better to do a market research of lenders and compare the proposed interest rates offered by different institutions. Moreover, various lending institutions charge different interest rates, so don’t rush for availing a quick loan.

→ Loan repayment tenure: Generally, the lenders provide longer duration to the borrowers for the repayment of Loan against Property. Sometimes, the loan tenure differs from one lender to other but being a responsible borrower; one has to maintain a balance between repayment period and monthly installments. The longer tenure will result in shorter EMIs ultimately reducing your loan burden.

→ Processing fees: Every lending institution charge the processing fees according to their lending norms which usually ranges from 0.5 to 2% of total loan amount. Therefore, it can’t be assumed solely based upon rates of interest. It is better to consider processing fees beforehand while availing a Loan against Property.

→ Ownership of the Property: The ownership of the property whether it’s residential or commercial should be clear. If you have disputed title of property in your name or incomplete documents then your loan application will get rejected. In case, you have a joint property then the consent of all the owners is must for getting a Loan against Property.

Hence, it is good to “Apply For Loan against property Online“ or offline to cater all your financial needs but try to choose a lender who offers the best loan deal that suits your needs. ShubhBank strives to understand the borrower’s requirements and offer best value and benefits on Loans against Property.

Sometimes, we may not get chance to fulfill our desires and forced to put your aspirations aside due to hectic schedule and financial restrictions. Desires don’t go away as you might have always wanted to purchase a new bike or gadget or wanted to take your family on a dream vacation but may not fulfill them. On contrary, you require instant funds to face any emergency where you are left with an only option, borrowing funds.

In such situation, Personal Loans come to your rescue which is obtained for a variety of purposes such as paying medical bills at hospital, planning a destination wedding or renovating your home etc. However, most of individuals might be hesitant to “Apply For Personal Loan“ but there is a list of factors which make it a viable borrowing option. Let’s read out such beneficial factors to you to decide on taking out a Personal Loan.

✓ Online process: Nowadays, one doesn’t need to visit any lender as he/she can apply for Personal Loan online from the convenience of your personal space. To verify your legitimacy, you just need to submit soft copies of KYC documents online.

ShubhBank has made the loan procedure more simplified and easy these days with doorstep documentation services. We value our customers and provide customer support to answer their queries and to finish the loan application quickly and correctly. One can complete the loan application process along with required documentation just under 30 minutes.

✓ Flexible repayment: The repayment for personal loans are flexible and designed to meet variety of purposes like home renovations, weddings, travel as well as medical emergency expenses. ShubhBank provides you the customized personal loan based upon interest rate, repayment structure and tenure.

Moreover, the interest rate upon loan varies depending upon the various factors such as principal amount, repayment duration and evaluation of borrower’s credit history. Therefore, loan is tailored just for you to fulfill all your desires and goals. So pick a loan tenure that enables you to customize your monthly outgo according to your necessities.

✓ Minimal documentation: Availing a loan was a tedious process in past days because of onerous qualification standards and paperwork requirements. However, ShubhBank offers you fully digital lending process where you can upload basic documents to get approval on your loan without experiencing any hassles.

We also provide a doorstep service for documentation collection so a borrower can expect a quick approval and smooth disbursal as well.

✓ No collateral: Personal Loans fall under the category of unsecured loans and you need not require putting any kind of personal asset as collateral in the event of non-payment of debts. You can “Apply For Personal Loan Online“ just with a good credit history and can fulfill your every desire, need, ambition or dreams with instant funds.

Hence, one of the most convenient and popular types of financial product available in recent times is Personal Loan. We have already stated some of the benefits of such loan which makes it a viable borrowing option that suits your budget easily.

Nowadays, inflation has caused a huge disruption in the country’s economy where many individuals have lost their job and businesses suffered losses and exhausted all their surplus capital, therefore in need of funds to take care of various needs as well as to cater the emergencies. Most of them are opting for unsecured loans which are not a great option as it comes with high rate of interest.

However, secured loans refer to borrowing funds by pledging any of your personal assets which has a benefit of low interest rate. An individual can “Apply For Gold Loan“ as it is the most stable and easy option rather than selling your gold to fulfill your needs. Taking a gold loan can address your short- term monetary needs and gain ownership of your possession when your financial situation gets better.

Let us explore the benefits of gold loan that how it is beneficial than selling it to address the current economic situation:

√ Available at doorstep: Selling gold is not an easy task as you need to search for reliable buyer who will pay you appropriate price. On contrary, getting a gold loan is simple as ShubhBank provides gold loan at your doorstep.

Once you apply for gold loan, a loan officer visits your place to check the quantity and quality of gold. Based upon such evaluations, your loan gets approved and once it gets approved the loan money is transferred to your bank account within 30 minutes.

√ High LTV: It is one of the major benefits of availing a gold loan because you receive high loan to value ratio against the pledged asset. Moreover, it offers you a financial freedom as you can utilize such high loan quantum to pay different pending expenses.

√ Safety features: Selling your ornaments could be your last resort, even pledging it as collateral could give you anxiety because of its security aspect. Now, you need not to worry about these security concerns as most of the lenders offer a robust security system ensuring the gold retrieved from your doorstep is deposited in a secured locker.

√ Competitive rates and flexible repayment options: The rate of interest on gold loan is on lower side as compared to other loans which makes it a reasonable option rather than selling your gold. Furthermore, repayment of gold loan can be done conveniently as borrowers can either pay interest every month or can make bullet payments to reduce the overall amount owed.

√ Nominal documentation: Loan against gold doesn’t require any heavy documentation as compared to other types of secured loans. One just needs to provide KYC details to complete the registration process and “Apply For Gold Loan Online“.

Hence, availing a gold loan through ShubhBank can provide you instant relief while maintaining ownership over your possession. We have proposed several benefits of getting a loan against gold rather than selling it. So, if you want to get a quick gold loan or need to understand more about these features, ShubhBank is one stop solution for all such queries related to gold loan.

Loan against property is a financial tool offered by lender to provide funds to a borrower in exchange for property as collateral. Every financial institution will lend you money on the condition of pledging your property till the repayment of the entire loan amount. Additionally, lender keeps the original documents of pledged property until the borrower repays the whole amount.

When you “APPLY FOR LOAN AGAINST PROPERTY“ and pledge your property to the lender, then the institution has right to use your property for auction in case of non-repayment. However, there is some risk but there are several financial benefits associated with this loan. Here, we will list the benefits of Loan against Property that will help you to figure out if it’s ideal choice for you.

→ High loan amount: It is numbered as top benefits of mortgage loan that you can get a high loan sanction amount. However, the loan amount depends upon the market value of the property to be pledged. Most of the lenders offer 75-80% of the market value of pledged property for the entire loan tenure. Moreover, the sanction amount is decided according to loan to value ratio.

→ Competitive rate of interest: Being a secured loan, the lender has surety that they have borrower’s property as backup in case of any default. Therefore, lending institutions offer Loan against Property at reasonable rates of interest as compared to other unsecured loans. Usually, the interest rate varies from one lender to other.

An affordable interest rate ensures the borrower to enjoy the benefits of loan against property and eases the financial burden of paying huge EMIs every month.

→ Minimal foreclosure charges: It is one of the core benefits of mortgage loan where you can enjoy the minimal to nil foreclosure charges. However, the financial institutions levy 2-4% of outstanding principal amount for the early repayment or closing the loan before its tenure but in case of Loan against Property, most of the lenders do not charge any fees or ask for nominal percentage.

So, it is advisable to ask your lender before you “APPLY FOR LOAN AGAINST PROPERTY ONLINE“ or offline if there is any charge payable or any hidden fees regarding foreclosing a loan.

→ Tax benefits: This is another benefit of a loan against property where you can also get the tax benefits by accessing the loan. A salaried employee can claim the tax benefits on the payable interest under the Sec 24 of the Income Tax Act 1961. The tax advantages don’t levy upon the principal amount.

Hence, now you are aware of the several financial benefits of Loan against Property but always do a proper research about the lender’s credentials because you are going to be in relationship with your lender for a long term. Always go for the reputed lender whom you can trust easily as you are pledging your valued asset with them.

Get a Loan against property from ShubhBank as we always go extra mile in providing your desired loan amount at competitive interest rates with no hidden charges to make your loan journey easy.

Nowadays, loans are very popular financial tools among people to fulfill their financial needs. They offer potential to the borrower to shed off their financial constraints and to enjoy great deals on loans such as flexible repayment tenure, instant disbursal and low interest rates. One can “APPLY FOR A LOAN“ to handle a financial crunch as it is easy to go financing option.

Therefore, loans are common these days and can be availed under two categories like secured and unsecured loans according to your need. Sometimes, when you get a loan from specific lender, your loan cost comprises some hidden charges which can burn a big hole to your pocket.

In this blog post, we will guide you through various hidden charges like late payment penalty, pre-payment charges, processing fees, balance transfer cost etc. levied by the lenders and how to avoid them to save your hard-earned money.

→ Read the loan agreement carefully: While availing any kind of loan, it is advisable to go through the agreement before signing the final copy because this document enlists all he types of charges that lender can levy upon you under different circumstances.

You must read carefully about the payable interest rate, repayment mode, repayment tenure as well as other terms and conditions. Take your time to read the fine prints to nullify any mistake and then sign the loan agreement.

→ Plan the repayments: It would be wise and effective thing to plan your EMIs according to your repayment capability to avoid the delay in repayments.

There are number of lending platforms that let you use EMI calculator to check the repayment amount for particular repayment period from which you can get an idea that how much you can repay easily to avoid any penalty in the future.

→ Be aware of different fee types: One must be aware of every kind of payable charges and fees types that are involved in specific loan product because having knowledge beforehand can help you to plan your repayments well and you can avoid any situation that can levy any additional or hidden charges on you.

→ Get a loan from reputed lender: With the emergence of new-age fintech companies, it has become easier to access the loans. You can “APPLY FOR A LOAN ONLINE“ or offline by meeting the eligibility criteria specified by the lender and by uploading required documents.

One can get funds disbursed to their bank account directly once their loan gets approved. The approval is based upon various factors such as eligibility criteria, income, and age of borrower as well as after the verification of submitted documents.

So, it would be better option to avail a loan from a reputed lender like ShubhBank to keep yourself away from all such hidden charges to make your loan journey stress-free.

Hence, we have listed such factors to make you aware of unnecessary charges levied by some of the lenders and are guiding you that by exercising a bit of caution while signing any loan application, you can avoid any kind of hidden charges.

A Personal Loan is always a convenient option when you are struggling with any financial issue. It will provide you complete assistance and fulfill your monetary needs without exhausting your emergency funds. ShubhBank is one stop solution for every kind of your financial need where you can “Apply For Personal Loan“ to get instant funds to face urgent expenses.

We take care of every loan seeker’s need and offer varieties of Personal Loans to meet your numerous needs. Here, in this blog post, we will look upon the list of reasons for using personal loans:

✓ Electrical appliance: Sometimes your home appliances such as AC or geyser makes you lighten up your pocket as they need an up gradation and few times they totally break out. In case you are unable to fulfill the required demand but it’s basic thing that add convenience to your daily life then you must avail a Personal loan to make a new purchase or to get your appliances serviced.

✓ Wedding: It is true to say that Indians have big fat weddings and may cost you your lifetime savings. To make the most of this auspicious occasion so people choose expensive venues and luxurious themes which require big budget. Therefore, to make your wedding unforgettable and easy on finances, you can take a Personal Loan to make your dream true.

✓ Rental deposit: Few times, you need to change your city due to your new job or transfer and you have to rent a flat or house. So, a rental deposit will help you secure that expense. One can repay the loan money to lender upon termination of their lease.

✓ Travel: The travel loans come under the roof of Personal Loans that can turn your plan of exotic trip into real fun. If you are making plan of travelling to your dream destination with your friends and family but not having enough savings, you can book your fares and hotel with a personal loan.

✓ Medical urgency: Whenever you face any medical emergency the first thing you stress about paying the huge hospital or medical bills. Here the Personal Loans come to your rescue as they are enough to cover medical tests, treatments, surgeries and other hospital bills etc. ShubhBank is always there to help you in such difficult scenario by sanctioning you instant money.

✓ House renovation: When you want to improve your home style or need to add any extra room as your family is expanding these days. A Personal Loan comes in handy if you want to buy furniture or consumer durables or to make small construction expenses. If you have steady income, then you can “Apply For Personal Loan Online“ to plan a set up.

Hence, ShubhBank offers budget friendly EMIs and attractive rates of interest on Personal Loam for the borrowers who are in need of instant funds. We tailor our financial product and services to meet the need of every individual at any stage of life. If you are in need for any of the above mentioned things, you can avail Personal Loan from us.