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Home Loan From Bank Or From NBFC. What Do I Choose?

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  Home loan segment tops the highest business in the loan industry. If you are looking for a home loan you have two choices. Either apply for a loan through a Bank or with an NBFC. Although it may be a tricky task to choose among the both, yet there are parameters on which you can draw a comparative evaluation such as, the rate of interest, eligibility, processing fees, repayment period, etc. To apply with a lender that provides the best home loan rates is usually the tendency of all home loan borrowers. But since home loan is the longest financial commitment choosing a lender that provides the lowest interest cannot be the only criteria to avail the housing loan. Therefore, given below are the various factors that highlights the differentiated benefits between the both which are vital to help you select the best option for your home loan: - Difference Between Banks & NBFCs In Availing A Home Loan   1) Regulatory Authority Banks: Are regulated by Reserve Bank Of India.  

Why Do You Need To Apply For A Business Loan With A Loanfasttrack?

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Why Choose Loanfasttrack?   Are you an entrepreneur and need a Business Loan in Mumbai ? If yes, then look no further. All the businessmen located in Mumbai can easily take a loan by applying for a loan with Loanfasttrack online. Loanfasttrack is one of the best lenders in Mumbai. If you are looking for a reputable company, then they are the best ones to connect. This company offers you a low-interest rate business loan.   They have an excellent executive team that guides you correctly and gives you the loan by explaining the whole subject matter related to your loan. If you are involved in online business, then you can apply for a business loan.   You can apply for a loan directly from Loanfasttrack's website by only submitting a few documents along with your details.   Benefits Of Having A Business Loan With Loanfasttrack   ● Quick disbursement: Every bank makes an effort to provide loans to all traders as soon as possible. The main reason why a bank provides fast loan service

Things To Know Before You Transfer Your Mortgage Loan (Loan Against Property)

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Mortgage loans are the high interest loans in the home loan industry. A loan secured against the pledge of an unmovable asset mainly the residential & commercial property are high end risk loans to the banks though being secured against the collateral, the interest rates offered are therefore high in comparison to interest rates in home loan. And this high interest rate component is the basic reason for transferring / switching the mortgage loan to more cost effective lenders. Many a times the current mortgage lender seems unfavourable and is unwilling to negotiate on the mortgage rates, even though when there is a reduction in their base rates. The benefits of reduced rates are not transferred to the mortgage borrower and so the mortgage borrower feels the need for switching his mortgage loan to a better mortgage lender especially with a lower interest rate and value-added services. Pre-Transfer Analysis It is important for the mortgage borrower to first evaluate