Loan Against Property Rental Income
Loan against Property Rental Income – When we are in case of urgent requirement and the required amount is large ; at that time it is very difficult to arrange the amount from friends, relatives or any other unprofessional sources. At that time may be banks and other financial institute are ready to fund but they might have some fix parameters and beyond that they cannot finance. Borrowing any personal loan or any kind of unsecured loan is not the right solution for big ticket size loan.
Loan Against Property Rental Income – Some time we get some big opportunity and may be it can be a huge work order or any big contract which may be playing a bigger role in your business. Requirement of loan may be lacs to crores, end use of fund may be for a getting a new business contract, purchase any machinery, start up any new business or it can be for debt consolidation and these types of requirements may not be fulfilled by any personal loan. At that time we think about everywhere but the solution has in always in your hand, yes it is actually your residential or commercial property which has unused till now. Rather than live in your home we should use the value of it. Key features of mortgage loan are the long tenure and low interest rates. You can loan against property from all private sector banks in your door step.
Loan against Property Rental Income- Complete Example:
Loan against Property Rental Income: To unlock the value of your untouched residential or commercial property we bring to you loan against property in your city in India. It is called mortgage loan or property loan. It allows the maximum borrowing power against your residential or commercial property in India. Loan against property is the product where banks provide the funds against your property. Normally banks and NBFC use some banking or credit tools while processing the loan. It gives approx 60% to 70% loan amount on the current market value of your property. Loan against property gives you the right value of property. SBI and HDFC bank is the largest players in the market. Urban area people are getting huge funding, more than 2000 cases are booked under loan against property in India every month. SBI provide loan in large scale, apart from any short term requirements, bank gives project finance also against the security collateral of property. Banks have made some innovative program for HNI customers who operate his business unit in out of India.
Loan against Property Rental Income – Why LRD – Banks do LRD which is also good product. Lease rent discount is called LRD. If any customer is getting some fix rental from any reputed institute for long term basis, bank funds loan against property and pay back the EMI from the rental income of the borrower directly till the loan is completed. HDFC loan against property avail in just seven to ten working days. Mortgage loan interest rate avail 12% to 15% per year basis. Mortgage loan providers are providing loan in your city and it can meet your all requirements and mortgage can help to fulfill all your needs.