Q1
 |
|
 |
|
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 !
|
|
|
|
 |
Asked by suresh k on 2009-04-10 02:04:27. |
 |
|
 |
 |
|
 |
|
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.
|
|
|
|
 |
Answered by STEVEN F on 2009-04-10 03:04:55. |
 |
A1
|
|
Q2
![]()
|
|
|
|
LOAN AGAINST PROPERTY?
I badly need money to develop my business for which i am looking for a loan against property
|
|
|
|
|
Asked by on 2010-09-28 11:09:38. |
|
|
|
|
|
|
|
If it is for business, approach any nationalised bank with proposal and offer your property as collateral security to avail business loan at reasonably cheap rate of interest on loan.
|
|
|
|
|
Answered by Veers தமிழ் on 2010-09-28 18:09:39. |
|
A2
|
|
Q3
|
|
|
|
Loan against property?
Hi
What is current rate of interest in India for loan against property.
Thnx
|
|
|
|
|
Asked by Vivek S on 2010-12-18 21:12:08. |
|
|
|
|
|
|
|
For housing loan, it is from 8.5% onwards.
For mortgage loan, 2% over and above housing loan rates.
|
|
|
|
|
Answered by Veers தமிழ் on 2010-12-21 23:12:56. |
|
A3
|
|
Q4
|
|
|
|
safe guard you home if a business loan is taken against it?
Is there any way possible to safe guard you home if a business loan is taken against it from bank and you are not in condition to repay you business loan?
|
|
|
|
|
Asked by on 2009-09-14 16:09:46. |
|
|
|
|
|
|
|
First, it depends on what is in the business loan papers.
Did you, as the business owner (or one of the business owners), personally guarantee the loan or use the house as collateral.
If you are not the business owner or did not personally guarantee the loan or use the house as collateral for the business loan, your home should not be part of it.
Second, if you file bankruptcy because of not being able to repay the loan, the home may be shielded in part, under state exemptions.
Third, take out a home equity loan for as much as you can (if you can get the loan), so that there is no profit in trying to get the home from you.
|
|
|
|
|
Answered by on 2009-09-14 16:09:28. |
|
A4
|
|
Q5
![]()
|
|
|
|
I have a registered shop as property and I want to get loan against this property?
But banks demand a lot of documents like income tax return , salary proof etc.
I am unemployed , no income , so no return filed,
Please tell any reputed private company which may give me loan against property just like MUTHOOT , MANAPPURAM etc . companies give loan against gold without unnecessary documents .
Thanks.
|
|
|
|
|
Asked by on 2011-07-26 16:07:50. |
|
|
|
|
|
|
|
read the policy of different financial organization
|
|
|
|
|
Answered by on 2011-07-30 13:07:02. |
|
A5
|
|
Q6
|
|
|
|
Is there any bank or non bank fin.. institu or pvt firms provide loan against property without income proof ?
Is there any bank (private,mnc,scheduled,cooperative or pvt ltd firms) or non banking financial institutions or any companies provide loans against property (open land and house) without income proof and income tax returns purely on property base? properties in hyderabad,A.P. loan providers can be from anywhere in india?
|
|
|
|
|
Asked by CHAKRI on 2010-02-06 00:02:25. |
|
|
|
|
|
|
|
Loan is granted only based on your repayment capacity. They don't give loan for the purpose of acquiring property. So it is doubtful.
|
|
|
|
|
Answered by Veers தமிழ் on 2010-02-07 20:02:44. |
|
A6
|
|
Q7
![]()
|
|
|
|
is there any bank in india which may give loan against property without INCOME TAX RETURN or salary proof ?
In India, Companies like muthoot and mannapuram give loan against gold without any it return or salary proof, please tell about any company or bank which may give loan against REGISTERED PROPERTY without income tax return or salary proof .
|
|
|
|
|
Asked by on 2010-10-17 20:10:00. |
|
|
|
|
|
|
|
most of the banks if not all
example for a tea shop owner or vegetable vendor how can get you a pay slip or income tax return
these are proofes for income verification there are some other ways also from which one can ascertain the income of the perspective borrower
|
|
|
|
|
Answered by bitterman on 2010-10-25 08:10:16. |
|
A7
|
|
Q8
|
|
|
|
Who required loan against property, business loan and home loan contact me in Delhi and NCR of India only?
|
|
|
|
|
Asked by Pradeep Kumar S on 2009-02-20 14:02:29. |
|
|
|
|
|
|
|
will it be legally or illegally?rate of interest on loan or will it be interest free?or is it a joke?what if one has no property and he want a business loan.
|
|
|
|
|
Answered by RAMESH CHANDRA J on 2009-02-25 15:02:18. |
|
A8
|
|
Q9
![]()
|
|
|
|
Loan against property for a new businessmen.. pls help me.. pls...?
Dear friends,
Pls help me out... am from Tamilnadu... am doing online business for the last 2 months and my monthly turnover is above Rs,1,25,000 (Rs.1.25 lakhs) with above Rs.35000 profit.. am residing in a town in which my house (its a building in which me and my family are living) value goes around Rs.30,00,000 (Rs.30 lakhs).. am willing to apply for a Loan Against Property, and i need Rs.16,00,000 (Rs.16 lakhs)... the property is under my dad's name.. i have brother , sister.. they also ready to give me assurance... i contacted HDFC & ICICI bank.. they said that, as am doing business, they will only give the loan only if i show them Rs.25,00,000(Rs.25 lakh) turnover with 3 years experience in the business and Rs.1,5 lakhs IT return.. am 23 years old and just now i started my business.. so PLS TELL ME ANY OTHER ALTERNATIVE WAYS TO GET THE REQUIRED AMOUNT OF LOAN IN EITHER banks or thru any financial institutions... pls suggest me some ideas... pls.. i need the money for improving my business and for my personal things... waiting for urs reply....
Regards,
Urs brother.
|
|
|
|
|
Asked by on 2011-04-18 11:04:04. |
|
|
|
|
|
|
|
Do you have account with some Nationalised Bank. Go to them they will help you under MSME Programme. Start your projects slowly and don't jump.As per RBI guidelines,for loan Up to limit of Rs.5.00 no bank will ask for any collateral security. If you are going for manufacturing project,the machinery and the land/plant where you will carry out the activities will suffice unless the Bank feels your securities offered by you are not adequate they will not ask for further collateral. If you need the loan only for working capital, the above limit will be enough for you for the time being, as market will give you credit for a couple of month depending upon your financial position, Consider various options before for pledging your Property documents with the Bank.Nationalised Bank is preferred to the HDFC/ICICI bank who wil be more considerate and lenient at times of difficulties if you are prompt in the repayment EMIs.Never go for higher amount just because the Bank demands inflated project cost (unless you see the opportunity to expand /organise your business better and you are sure enough to repay the loan smoothly) that will put you in trouble later on.Your C.A.will be the best person to guide you in this subject.
|
|
|
|
|
Answered by on 2011-04-18 11:04:30. |
|
 A9
|
|
Q10
|
|
|
|
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....
|
|
|
|
|
Asked by VAP_Dubai on 2007-04-23 12:04:57. |
|
|
|
|
|
|
|
9% interest
|
|
|
|
|
Answered by rr on 2007-04-23 12:04:15. |
|
A10
|
|
|
