Tag: personal-loans

Home Loan

Ensuring a Smooth Home Loan Verification Process: Key Steps to Follow

Home loans are big-ticket loans. The ticket size can range from a few lakhs to a few crores. In other words, home loans involve a hefty amount and therefore, lenders sanction them very carefully. Loan applications from only those individuals meet with approval who meet all the home loan eligibility criteria. Further, lenders release the final loan sanction letter and the loan agreement only after … Continue reading Ensuring a Smooth Home Loan Verification Process: Key Steps to Follow

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Home Loan

How Prime Lending Rate (PLR) Impacts Your Home Loan Interest Rates

You are planning to buy a home. You have done your research, decided the lender you wish to avail yourself of a home loan from and saved enough to easily be able to clear the down payment. You now approach your preferred lender and are surprised to learn that they plan to charge you a home loan interest rate much higher than you imagined. You … Continue reading How Prime Lending Rate (PLR) Impacts Your Home Loan Interest Rates

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Loan Against Property

Choosing a Property Loan Tenor: Your Path to Financial Freedom

Loans against property, also commonly known as property loans, are a type of loan offering that home loan borrowers avail of against a property they own. This property could be residential or commercial. The LTV ratio for these loans can go up to 70% of the pledged property’s current value. Private lenders generally sanction a higher loan amount than public banks. Thus, loans against property … Continue reading Choosing a Property Loan Tenor: Your Path to Financial Freedom

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cibil score

A Comprehensive Guide to Checking Your CIBIL Score Using Your PAN Card

The CIBIL Score is a three-digit number between 300 and 900 that all lenders check before approving a loan application from a borrower. They check the CIBIL score as it gives borrowers an idea about the loan applicant’s creditworthiness and repayment capacity. The CIBIL history is calculated based on five factors: repayment history, credit utilization ratio, age of credit history, credit mix and dependency on … Continue reading A Comprehensive Guide to Checking Your CIBIL Score Using Your PAN Card

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