Home Loan
What Is Home Loan ?
Home loan is a secured loan which is obtained by giving a property as collateral to buy it. Instant home loan in Delhi offer high value of funding at affordable home loan interest rates and for a longer tenure. If you are taking a instant home loan in Delhi, the Home loan interest rates is a major factor that affects the total cost of your home. Since the home loan amount is high and the tenure of the home loan is also long, home loan interest can have long-term financial implications. Getting a low interest Home Loan in Delhi will not only result in lower EMIs but also lower your home loan interest payments. If we talk about the interest rate for Home loan, then the lowest Home loan interest rates in Delhi till date is 7.50%* p. a. Hence, home loan borrowers should try to get a Home loan interest rates in Delhi at lowest possible housing loan interest rate. The loan is repaid through EMI. After the repayment, the title to the property is transferred back to the borrower.
Personal Loan
What is personal loan?
Personal loan is an unsecured loan which you can get from banks to fulfil your personal needs. Basically it’s a loan for any need and it’s quite easy to have it without asked many questions from the bank. You can take a personal loan for buying your favorite gadget for yourself or family, for traveling around the country and abroad, buying expensive items for home use, children’s education or any other work. Personal loan borrowers do not have to provide any guarantor or take collateral/pledge. It is because of this feature that it is so popular. Moreover, you also get the freedom to use the loan amount for any legal purpose.
Business Loan
What is Business Loan?
This is actually a loan which is taken to fulfill your business needs.
To promote small enterprises in the country, the government has started various loan schemes. Apart from the Pradhan Mantri Mudra Yojana, there are many other schemes in which you can take a small loan to a large loan.
If you are also thinking of doing your own business or setting up an enterprise, then you can apply for a business loan. If you are already running a business and are facing financial constraints to expand it or meet its capital requirements, then you can also take a business loan.
Loan Against Property
What is loan against property?
A loan that you can avail by mortgaging your property. Loan against Property, as the name suggests, is a loan that is either owned by the applicant or by his guarantor, who is usually the parent. is given in exchange for the value of the property. This property is mortgaged, which means that the property papers and legal ownership of the property remain with the bank till the loan is repaid.
Loan against property is a secured loan, in case of loan default; bank can take over the property and auction it to recover loan dues.
In this loan the home ownership stays with you, you can use and rent out the property. In case if you can’t repay the loan amount so you can sell your property and pay off the loan.
In case of joint ownership, all the owners should be a co- applicant.
Used Car Loan
What is Car loan?
Car not only makes your life comfortable, but also reduces many difficulties. Coming to the office while battling public transport or going out for a weekend trip, everything becomes very easy.Earlier, buying a car was a big deal for anyone, as a lump sum amount had to be spent for it, but now it has become very easy due to the easy availability of car loans.Banks and non-banking finance companies offer car loans on easy monthly installments, making it very easy to buy a car now. This does not spoil your budget and also provides convenience.When you buy a car by taking a loan, it is mortgaged with the lending company. This gives them the right to confiscate your property