loanonphone – Loan On Phone Blog

What Are The Pros & Cons Of Taking A Top-Up Home Loan?

loanonphone — Sat, 10 Aug 2019 09:45:47 +0000

Home Loans are essentially commitments which last for a notably longer duration, generally for about 10 – 20 years. Buying a house is a crucial and heavy task which is inclusive of extensive planning, fund management and home loan execution along with managing all the added cost and the cost of ensuring that the investment is in the right place and for the right property. The major problem that people face is how to secure … Continue reading "What Are The Pros & Cons Of Taking A Top-Up Home Loan?"

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Reasons to Purchase Commercial Property in 2019

loanonphone — Fri, 28 Jun 2019 12:16:07 +0000

Purchasing property for the business purpose is a great idea, provided you have a clearly defined objective behind it. Investment in the property helps to build equity, make your expenditures a lot more foreseeable and help you gain tax advantages too. Here are few important reasons to consider investing in commercial real estate:- For a greater cash flow – Generally, the return on commercial real estate is higher as compared to the residential properties. This … Continue reading "Reasons to Purchase Commercial Property in 2019"

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What Can I Use Loan Against Property For?

loanonphone — Thu, 27 Jun 2019 11:57:53 +0000

Are you in need of money to finance your business or fund your child’s education abroad? While there may be several convenient ways to meet these expenses, one of the best options is to go for loan. You could either choose to opt for personal loan or another lucrative choice could be to take a loan against your property. Loan Against Property (LAP) It can be defined as a loan disbursed against the mortgage of … Continue reading "What Can I Use Loan Against Property For?"

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Hurdles in Availing Home Loan Balance Transfer

loanonphone — Thu, 20 Jun 2019 11:26:08 +0000

Splurging home loan to the homeowners has turned out to be one of the major sources of business. The attention for all prospects is offered at an extremely lucrative interest rate along with plenty of add-ons like life insurance, motor insurance, etc. This is called divesting portfolio and in today’s environment businesses do a lot of things to stay ahead and in order, also to leverage sources of income. Bank Loan Transfers have been initiated … Continue reading "Hurdles in Availing Home Loan Balance Transfer"

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About Lease Rental Discounting – It’s Features and Benefits

loanonphone — Tue, 18 Jun 2019 09:38:15 +0000

Lease Rental Discounting loan (LRD) is a type of loan in which you can avail loans on the basis of future rental income, value of the property and discounted value of rentals. It is granted against the rental receipts from tenant. It helps the owners to utilize their property in a much more effective way. One can take one loan against the capital value of the property. The other loan is secured by the cash … Continue reading "About Lease Rental Discounting – It’s Features and Benefits"

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Is it Possible to Avail Loan Against Property Without Map?

loanonphone — Thu, 13 Jun 2019 09:02:15 +0000

You need to mortgage your property to apply for Loan against Property. Maps are crucially important document provided by authorities. Banks usually don’t offer loan against property without a map. It is no shock that the bank would want to mortgage a property. It is their way of ensuring safety. In India, it is not a shocker if properties come up with no maps. There are plenty of them that have no map. Addressing the … Continue reading "Is it Possible to Avail Loan Against Property Without Map?"

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Do’s and Dont’s of Applying for a Mortgage

loanonphone — Fri, 07 Jun 2019 11:06:31 +0000

A mortgage is essentially a loan which is taken to purchase property or land. The minimum time of the loan is 25 years but these can be shorter or extended as per the particular demand and need. The loan is secured under the property that you provide as collateral unless the whole amount is paid off. There are some prerequisites that you must consider before applying for a mortgage. Here are some of the things … Continue reading "Do’s and Dont’s of Applying for a Mortgage"

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What are Unsecured Loans and What are the Pros and Cons?

loanonphone — Mon, 03 Jun 2019 10:33:03 +0000

When you decide on opting for a loan, there are some factors that will help you determine if you need a certain type of loan or not. There are two types of loans, Secured and Unsecured Loans. An unsecured loan is a type of loan which issued and provided only if the borrower is worthy of taking credit. This particular loan type doesn’t require you to use any collateral as an asset. The terms of … Continue reading "What are Unsecured Loans and What are the Pros and Cons?"

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An Overview on Small Business Funding

loanonphone — Fri, 31 May 2019 04:34:29 +0000

You may be new to the world of Small Business funding, with little or no knowledge of availing a fund in business but the wish to explore options. Here is a comprehensive guide to help you understand and work upon the right funding options in the right way. Small Business Funding Challenges Small business owners are often bogged by various challenges, some of which catch them off-guard. From hiring employees to paying them their deserved … Continue reading "An Overview on Small Business Funding"

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How to Avail Home Loan Against Unapproved Property?

loanonphone — Wed, 29 May 2019 04:29:16 +0000

The property which isn’t part of the city’s master plan is called ‘an unapproved property’. Unapproved properties can’t be bought or sold with ease. It is because of the lack of legal and clear documents that lending partners refrain from indulging in any dealings on the property. Delhi NCR area witnesses plethora of unapproved colony or areas. Generally, these unapproved colonies or areas share an efficient connection with the urban cities of Delhi & NCR. … Continue reading "How to Avail Home Loan Against Unapproved Property?"

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