Tag: loan against property

business

Do You Know How to Calculate EMI on An Education Loan?

Whether an individual wishes to enrol his child on an expensive course in India or is keen to send him abroad for education, knowing about the funding requirement is essential. This will help aspiring borrowers to select the right loan, such as an education loan and plan its repayment accordingly. The repayment of a loan consists of two components – one is principal, and the … Continue reading Do You Know How to Calculate EMI on An Education Loan?

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business

Know The Application Procedure for The Encumbrance Certificate

While purchasing a new property or obtaining a LAP, individuals need to ensure whether the said property is free from legal or monetary liabilities. An encumbrance certificate, in this regard, acts as evidence regarding the free title and ownership of a property. Thus, it is imperative for prospective borrowers in Tamil Nadu or any other Indian state to obtain this certificate and ensure that there … Continue reading Know The Application Procedure for The Encumbrance Certificate

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Finance

Tax Benefits of Mortgage Loan in India

A mortgage loan is a type of secured loan where the borrower can avail a loan against a mortgaged property. including home loans and loans against property, these loans are offered at competitive interest rates compared to unsecured loans such as personal loans, business loans, etc. A salaried individual can avail a loan against property amount ranging up to Rs.1 crore while self-employed are eligible … Continue reading Tax Benefits of Mortgage Loan in India

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Education, Loans

Apply for The top MS Courses in USA Through a Loan Against Property

There are various renowned colleges which provide different MS courses in USA. Among such colleges, the most prominent ones are – Princeton University. Harvard University. Yale University. Stanford University. MIT or Massachusetts Institute of Technology. These educational institutions are rated among the best colleges in the world. Most Indian students who apply for such top MS courses in USA also take the support of an … Continue reading Apply for The top MS Courses in USA Through a Loan Against Property

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Education, Loans

Easy Steps to Know How to Get an Education Loan in India

An education loan is a loan availed by a borrower from a financial institution to cover education expenses. It is vital for a borrower to know how to get an education loan and which loan to avail. There are two forms of education loans. The first one is an education loan which is an unsecured advance. The second format is an education loan against property, … Continue reading Easy Steps to Know How to Get an Education Loan in India

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Education, Finance, Uncategorized

Check Out to Know How to Get a Student Loan

Student loans are advances which are utilised to meet the financial requirements of studying at top educational institutes. These loans are offered by various lenders across India. How to get a student loan at the most beneficial loan terms? With a secured student loan, a borrower can avail financial support for their higher-education expenses like graduation, post-graduation, etc. A financial organisation economises the process of … Continue reading Check Out to Know How to Get a Student Loan

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Finance

Know The Key Difference Between Home Loan And Loan Against Property

Credit options like loan against property and home loans have always been the go-to options when in need of substantial financial assistance. Since both loan options have their share of pros and cons, individuals are often confused when it comes to selecting between any particular one of them. To gauge the better option between a loan against property and a home loan, prospective borrowers must … Continue reading Know The Key Difference Between Home Loan And Loan Against Property

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loan against property
Finance, Loans

Essential Documents To Avail A Loan Against Property

Having the necessary set of documents that are valid and contains accurate information makes the process of availing a loan against property quick and hassle-free. Individuals should keep the documents required for a loan against property handy to help quicken the application and verification process. They must also meet simple eligibility criteria to apply for a loan against property. Here is the set of documents … Continue reading Essential Documents To Avail A Loan Against Property

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Education

How To Apply For An Education Loan Against Property And Why Is It More Beneficial Than Education Loan?

According to UNESCO’s analysis, India accounts for the second-highest number of students studying overseas in different countries, after China. In recent years, since the number of students studying abroad has also increased, the demand for advances to fund education has also surged. With financial institutions offering credits like an education loan against property, the demand for funds has also been met, to quite an extent. … Continue reading How To Apply For An Education Loan Against Property And Why Is It More Beneficial Than Education Loan?

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Education, Loans

Why is a Loan Against Property Better than an Education Loan?

Education loans are unsecured advances that do not require pledging any collateral. If you are considering how to apply for education loan, you can approach any leading financial institution or NBFC. Here the credit amount can range from Rs. 20 Lakh to Rs. 25 Lakh.

Now, if the borrower’s credit requirement is much higher, he/she can opt for a loan against property. This credit facility requires you to pledge any of your assets as collateral. Depending on the LTV (loan to value) ratio, a loan against property for education can fetch you a handsome sum of up to Rs. 3.5 Crore.

Now, that you know what is education loan is and how it differs from a loan against property, take a look at why the latter proves advantageous.

Continue reading “Why is a Loan Against Property Better than an Education Loan?”
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