People from all over the country approach Shubhbank to meet their financial requirements. With an experience of past decades, our institute offers various types of loans. As all know, tricity is a financial and corporate capital and has number of business centers, malls industrial areas, shopping complexes, warehouses and many other commercial properties. People here, rent and sell their properties to meet their financial needs.

However, you can also mortgage the property either it is residential or commercial which means one can “Apply For Loan against property“ to meet their monetary needs. As this loan offers number of relaxations, so we have listed some of them in this article.

Alternative to Personal Loan: It is a secured type of loan, so it is offered on a lower interest rate as compared to the other type of secured loan which is Personal Loan. You can also secure a longer tenure on Loan against Property. The loan amount is sanctioned upon the current market value of the property to be pledged as collateral.

Quick Approval: The loan approval in case of Loan against Property is very easy and stress free. Many of the lending institutions approve the particular loan application as quick as in 2-3 business days. The eligibility criteria for securing this loan are very simple. One just needs to have a good credit score and property free from any legal issues.

Minimum Paperwork: Every financial institution requires very less documentation when it comes to mortgage loan. A borrower has to submit his/her KYC details, income proof, and clear property papers. When these documents come in handy, then no one can stop you from getting your loan against property approved.

Flexible terms and conditions: Most of the lending institutions offer fragile terms and conditions to “Apply For Loan against property online“ or offline all over the country. One can get as much as 70%-80% of the loan quantum as per the current market value of your property. You can choice between commercial and residential property to mortgage. The tenure on LAP is longer with easy EMI options.

Multi-purpose use: Sometimes, you must be struggling to pay your credit card bills and to fund your dream wedding or foreign trip but Loan against Property gives you the potential to manage all your financial troubles easily. You can also consolidate your existing debts and can pay your utility bills by securing such loan. One does not need to reveal the reason behind availing a LAP.

Use of Mortgaged property: However, you have pledged your property as collateral. You can still use that property for daily chores. The property papers will be kept safe with the specific lending institution until you repay the entire loan money in the fixed tenure without any default. One of the major benefits of LAP is that you can use your pledged property while paying the EMIs.

Hence, apply for Loan against Property to enjoy such perks of this financial solution to fund your needs. Click on our website ShubhBank.com to know more about the various financial tools.

Loan against property is granted to any individual who owns a property by any lending institution. In such times, a COVID outbreak has elevated the expenses more than the income, therefore, people who have to deal with long term financial issues, a safe solution which can help them for long years is to “Apply For Loan against property“.

In our country, the majority of financial institutions offer loan against property to a person who owns any residential or commercial property. It is meant to be secured loan as you have to keep your property as collateral to access the funds. Hence, the interest rates are lower than personal loan because of the security. There are few ways to follow which will help you to get the best deal on loan against property at lowest interest rate.

Maintain a good CIBIL score: It is very important to maintain a good credit score to secure any type of loan. However, it sounds difficult but in real, it is very simple to maintain your credit history. One needs to pay his/her bill payments, credit card dues and other loan repayments on time every month without doing any default.

Steady income and savings: Another key factor to secure the loans at lowest rate of interest is to maintain a steady income, especially as long as you have any pre-existing loan in your name. However, without a stable source of income or enough savings, it becomes difficult for you to repay the monthly installments and to clear all your debts. If you default on any of the repayments, you can lose your rights on pledged property.

Plan your budget: The important thing that one should be aware about is to manage the funds what they have. Thus, it is good to control all your unnecessary expenses otherwise it might hurt you in the long run. It will ultimately help you to save more at the end.

As a loan against property is known for a loan that lender provides a borrower against the property which is under his/her name, so lender will check your property ownership papers. A lending institution will send a team of valuators who will evaluate the market price of property to be pledged. You can secure up to 70-75% as a loan quantum depending upon the current market price of the property.

We can say that the people who wish to own a huge amount to clear their debts and to face the emergencies such as higher education abroad, to pay medical bills etc. they can “Apply For Loan against property Online“ or offline as it will act as a boon for them.

It will be smart choice to follow the above mentioned points and to maintain every required document to get approved for loan. If you are looking for the best loan against property experience, you can contact ShubhBank or you can apply online at our website and we ensure you the best deals at the lowest interest rates in the market.

With the economic transition in country, people tend to move from villages to cities in search of livelihood. Therefore, need for better housing has increased and it all demands great supply of money and this story continues to be written by financial institutes by providing home loans to assist your funding and to made your home acquisition much easier.

However, the cost of living needs ample amount of money which could make you dip into your savings but you can secure a home loan which is made available easily by the number of lending institution these days. Your dream house could be just a click away at ShubhBank where you can “Apply For Home Loan“ to finance your needs.

Home loans are categorized under secured loans and their interest rate may vary from lender to lender. The repayments are done through equated monthly installment or EMI and depending upon the market value, lender may offer loan amount up to 80% of the total cost. The home loan solutions are planned upon the purpose of purchase or construction of the property, funds can also be secured for home extension or renovation.

Let’s have a closer look at the most popular home loan in India:

Loans for acquisition of land: These loans are available on flexible options to save funds and construct any type of home or just to treat your purchase as an investment. It is only available if you want to purchase a vacant plot to save, invest and earn.

Loan for the purchase of home: This type of loan is available for buying a new home or pre-owned home from the real estate agencies. The lender helps you purchase your own home on varied criteria which determines your interest rate. Typically, you can borrow up to 85% of the total property cost in these types of funding.

Home construction loan: If you are having a vacant plot and planning to construct a house of your own choice, apply for this home loan. These loans are specially designed for people who want to build their own house that suits their lifestyle. The loan quantum is approved on the basis of rough estimation of construction costs and disbursed in installments to your bank account.

Home extension loan: The loan is available for the individuals who want some changes in their existing home. In case, you want to add an extra room or bathroom or you want to alter the structure, you may seek a home extension loan with a rate of interest similar to the other home loans.

Home improvement loans: If you are looking to renovate your existing home or want to construct a water tank or need to carry out an electrical renovation, many lenders in the market offer loan for such home improvement plans.

Hence, you are now aware of popular kinds of home loans available in the lending market, so identify your requirement and select the right type of funding that suit your purpose and “Apply For Home Loan Online“ or offline and enjoy the warmth of your personal space.

Loan against Property is a financial tool that you can secure when you pledge or mortgage your property to the lender. It is a secured loan as far as the lender is concerned. In case you default on repaying on repaying the loan amount for any reason, the lender can retain the rights of your property. So, one should only pledge their property when he/she is sure to repay the loan.

Before you “Apply For Loan against property“ you should plan your budget and save for long term financial goals that you can foresee. Besides all your planning, there are some uncertain situations which need to be addressed with additional funds. Let’s have a look to find out how Loan against Property can raise funds in some typical situations.

Education and Wedding Expenses: A higher education of your wards and their wedding are long-term financial affairs. You would normally plan them earlier in life and save up for it. There are specific loans offered by lenders for both higher studies and marriage. You can consider the fact that interest rates and repayment conditions on it are more convenient in comparison with these specific loans. You must be sure to repay the loan depending upon your income and saving.

Business Funding: You have to mortgage an asset when you avail a loan against property. As mentioned earlier, if you are unable to repay the loan, you could lose the right on your property to the lender. Therefore, utilize the loan money for purpose that is not too risky. That is why; it is good to secure this loan to expand your existing business rather than starting a new business as your business profits needed to be steady to pay off the loan easily.

Medical Emergency: As one’s age grows, medical expenses usually increase. The best way to plan this is to get a health insurance policy in your early age that can help you to manage the medical expenses later in life. But in case, you skip this step, there are high chances to shell out all your savings in tough times. “Loan against property Online“ is not a best way to fund medical expenses but emergency but it can certainly help you out.

Down Payment for new Home: When you secure a home loan, the lending institution will only finance up to 80% of the market price of that home. The rest 20% will need to come from your pocket. If you are buying a luxury home, the down payment itself will cost into many lakhs. Generally, you should have saved for that but if not then you need to borrow somewhere.

You can also pick up a personal loan or loan against property to raise the funds but remember, the rate of interest on these loans is higher than the home which can result in a financial burden on your pocket.

At the end, you would see that LAP is a good option when you need to raise funds to fulfill your requirements but it is always great to compare all the available offers and finalize a calculated decision.

Having your own property or home can be a boon in more ways than once. It provides you and your loved ones a roof over their head or you can rent it out for second earning. Your valuable property or house can also help you to obtain huge amount of funds for a particular event. These expenses for personal events include exotic vacation, funding child’s higher education or wedding that occurs suddenly or demand arranging funds in shortest possible time.

One of the convenient and hassle free solutions to arrange these funds is to “Apply For Loan against property“. It is a kind of secured loan that disburses loan money against your property pledged as collateral. The amount of loan approved depends upon various aspects such as current market value of the pledged property, your income source, debt to income ratio, credit score etc. A loan against property can be a best financial solution for funding personal expenses as per following reasons:

Multi-purpose Loan: It is the biggest advantage of a mortgage loan that it has the flexibility to utilize the money for different purposes. Generally, some of the mortgages in financial sector are limited to specific purpose and can’t be utilized for other purposes. The funds on loan against property are granted without any restrictions on their usage. Usually, 60-70% of the market value of the property is granted as loan money.

Flexible interest rates: The interest rate is the key factor that influences the decision of taking this property loan. The loan rates also depend upon number of factors such as CIBIL score, monthly earnings, market value of property, along with type of mortgage you are applying for. With all the documents in place and good credit score, one can enjoy competitive rates on loan against property that are flexible.

Extended tenure: The repayment period for this type of mortgage unlike other mortgages is longer. It could be as long as home loan, 15-20 years. Hence, you have ample amount of time to earn money and repay the borrowed amount. Some of the lenders also offer value additions like balance transfer and additional finance as well.

When you “Apply For loan against property Online“ or offline, you would have to prepare some documents related to your income, property and identity along with your loan application. After verifying your application and documents, the terms and condition of the loan will be finalized. It is advisable to research all about the lender and lending schemes better to fulfill the eligibility criteria of borrowing.

Mortgage gives you the opportunity to realize the financial potential of your residential or commercial property. You can visit the Shubhbank for loan against property having years of experience in lending sector and expertise that will help you obtain a fully customized loan with exclusive features and benefits. One can also choose from wide range of property loans to meet your individual requirements. ShubhBank is the financial institution which is reliable and reputed mortgage provider with significant network across the country.

The biggest motivation to work hard and to save money in everyone’s life is to buy his/her own home. Buying a home is the biggest invest that comes with a financial commitment where you have to analyze your financial capacity and need to work on it. As per the current inflation in every sector, buying your own home with your saving is also a tough job and for that reason most of the people “Apply For Home Loan“ to fulfill their dream. Applying a loan can be easy process but your loan approval totally depends upon your age, income, job stability as well as loan repayment capability.

To reiterate, eligibility criteria play a crucial role as home loan is a big financial commitment which comes with longest repayment period ranging from 15 to 20 years. Thus, the home loan lenders become much stringent while approving the home loans. If you are planning for a home loan in near future then you are advised to take some preparatory steps. To get a home loan approval in first go, you need to do some home before applying for a loan. Here, we are listing few tips to get your home loan approval in first attempt:

√ Plan a budget for Homeownership: While purchasing a home, you do not have to bear the cost of house only but there are some additional expenses while getting a loan that includes registration fee, stamp duty, GST, and charges payable to municipality. Therefore, you need to consider all these expenses involved in home purchase while planning a budget.

√ Check your credit score: Credit score is that numeric expression provided by credit bureaus based upon their credit history reflecting their financial health. A score above 700 is considered to be good representing a high creditworthiness. In case you find your score low, you should take some considerable steps to improve it before going to lender as it will minimize the risk of loan rejection.

√ Get prepare for the down payment: No home loan covers the entire amount of the property to be purchased. You need to pay a certain part of it from your pocket or savings which is known as down payment. The maximum amount one can secure from a home loan is about 80-85% of the property price. Hence, the remaining percentage of the entire cost is covered under the down payment. Since the property price is a bigger deal so arranging small percentage can also become difficult for many of us. Thus, try to get prepared for it as it makes loan approval easier.

Purchasing your home of dreams not only indicates your financial reputation but also has some of the sentimental values such as sense of pride, stability and security. Therefore, before stepping ahead to “Apply For Home Loan Online“ or offline, you should start preparing to meet the eligibility criteria to own the home of your dreams. Thus, to get prepared and to make sure the smooth home loan approval, one should follow the above mentioned tips.