Q1
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which is better ? "personal loan" or "loan against property" ? or other option available with less interest?
Looking for a loan from a Bank. totally in confusion between "personal loan" and the "loan against property"..
the main points I am disturbed with are : "interest rates" and the "pre-payment charges"....as I may wind up the loan before the tenure !
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Asked by suresh k on 2009-04-10 02:04:27. |
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The self-proclaimed 'certified management accountant' took FIVE words to put the lie to that claim. Personal loans are NOT 'usually unsecured'. They are ALWAYS unsecured, by definition. A 'loan against property' is a loan that you have given the lender the right to TAKE the property in case of default. That reduces the risk to the lender. The reduced risk usually means a lower rate. As for 'prepayment charges', REFUSE any loan that includes such charges.
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Answered by STEVEN F on 2009-04-10 03:04:55. |
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A1
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Q2
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Who required loan against property, business loan and home loan contact me in Delhi and NCR of India only?
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Asked by Pradeep Kumar S on 2009-02-20 14:02:29. |
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A2
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Q3
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Loan against property interest????
Hi...I live in Dubai now & had bought a land by taking loan against the FD which I possessed. But I dont remember what was the rate of interest that will be charged..??? I know it will be more than the home loan. but can anybody tell me the rate of interest for laon against saving certificates. I heard it is increased now....
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Asked by VAP_Dubai on 2007-04-23 12:04:57. |
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9% interest
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Answered by rr on 2007-04-23 12:04:15. |
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A3
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Q4
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a comparative study of loan against property of different banks?
loan against property policy of different private banks of india. their interest rate their criteria of giving loan ,max loan amount that they give age of person taking loan etc
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Asked by poornima a on 2007-05-21 15:05:38. |
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economic times newspaper might help u out for this
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Answered by sheerin t on 2007-05-21 15:05:14. |
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A4
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Q5
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want a loan against property without any income proof and IT returns.?
the property is worth of 1.5 crores. the loan amount is needed only for 30 lakhs. basing on the property itself, is there any chance of getting loans from the banks
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Asked by rajendra B on 2008-03-13 13:03:07. |
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In my view it is passable. You have to try in 2 to 3 banks. If the house documents are clear, I am sure they will give you the loan amount. If you are badly in need of money, and not bothered for interest, then any private financier can finance you.
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Answered by N.J.Reddy on 2008-03-13 13:03:21. |
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A5
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Q6
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Can we get Loan against House property from Banks?
Can we get Loan against property from Banks!
If so which one is the best one. Cane give the contact numbers or addresses of the Banks in Andhra pradesh!
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Asked by ClassicBlue on 2007-04-11 15:04:05. |
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Yes you can get the mortgage loan from banks. Indian Bank is offering best rates. You can walk down and check on it. The processing time is very less and people are helpful.
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Answered by Shyam S on 2007-04-11 15:04:46. |
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A6
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Q7
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Anyone got Loan Against Shares Recently?
Anyone here got Loan Against Shares recently? If yes then from which bank and at what interest rate?
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Asked by one on 2008-02-29 22:02:10. |
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iT IS POSSIBLE TO GET LOAN FOM THE BANKS. pL TRY IN THE SCHEDULED BANKS. nATIONALISED BANKS WILL NOT ENTERTAIN
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Answered by meyyappan s on 2008-02-29 22:02:56. |
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A7
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Q8
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Loan against "flats purchased under home loan scheme"?
I have Purchased 2 flats (ground floor same apartments) thru bank loan. The Value of both the flats when i purchased in 2006 was 15lacs. Now the current value is Rs.30lacs to - Rs.35lacs. I have a need of Rs. 8lacs, is it possible to take a loan against the same property because of its increased value, if not with the same bank thru another financial institution. Appreciate your valuable response.
Thank you.
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Asked by santosh_s20 on 2009-03-04 12:03:40. |
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home loan and mortgage loans are different.
in home loan you cannot get additional loan due to appreciation in prices. rate of interest is low and IT benefits can be availed.
but in mortgage loan it is possible. but rate of interest is high and IT benefits cannot be availed.
one possibility from SBI. if you have availed home loan in SBI and if you need additional loan due to appreciation of value, they give the additional loan as personal loan at the discretion of the manager.
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Answered by Veers தமிழ் on 2009-03-04 13:03:45. |
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A8
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Q9
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can i get loan against property of which i m the only care taker ?
as stated can i get loan
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Asked by japan s on 2008-11-13 15:11:08. |
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No, never
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Answered by Sha مشع Riq شمس on 2008-11-13 16:11:39. |
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A9
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Q10
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is loan against propery (home equity loan) has tax exemption?
Hi friends, i have loan against property in icici bank, when i inquired with an advocate, i came to know that we can have a tax exemption, but when i contacted bank for IT document, bank people told that LAP cannot be claimed for tax exemption. please help me in this matter. is any one used this option.
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Asked by ramesh on 2009-01-07 12:01:39. |
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Housing loan (for purchase of house) repayment - principal & interest - is eligible for exemption u/s 80C & 24(b) respectively.
However if you have mortgaged your house to avail loan against property, there is no exemption.
When you avail Housing loan for purchase of house, the bank issues cheque in the name of the seller.
When you mortgage your house to avail loan against property, the bank issues cheque in your name.
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Answered by HMT on 2009-01-07 13:01:34. |
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A10
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