Skip to main content

Posts

Showing posts with the label loan

Want to get a Home Loan?

If this is your first home loan, there will come so many questions on your mind and there are countless chances that you could lose out these factors. There are some important points that you need to watch out before taking a home loan. The first and primary thing that you should do is get your credit report. It has become simple ever since RBI has made it mandatory for the credit agencies to provide their customers with 1 free credit report each year. So, acquire your credit report and check your credit score. Any credit score above 750 is measured a  good credit score . The reason behind check your credit score at first before doing anything else is because your credit score is like a report card on your credit health, i.e. how reliable you have been in repaying your past loans. With a high credit score you showcase that you are very careful in repaying your loans and viz-a-viz implants confidence in the lender to provide you with a home loan. With...

Bridging & Mezzanine funding

There will come some situations in life where you’re looking at selling off an existing house or property to replace it with a new property due to many reasons. In such situations, a home loan may not make sense since the intention is to fund the new property from the sale continues received from the old one. In such a situation, a Bridge Loan or a mezzanine loan comes handy. It is a short term loan granted to help the mortgagor fulfill the financial requirements such as buying a new home or anything else. Before that you should have enough knowledge about bridging loans and mezzanine loans and. A bridge loan is a short-term loan used until a person or company make safe the permanent  financing  or removes an existing compulsion. This type of financing allows the user to meet current responsibilities by providing immediate  cash flow . The loans are short term, and it validates up to one year, with relatively high interest rates and are usually backed by some ...

Want to Apply for a Loan to Buy Your Favorite Bike

In our country- India, going to the office through a crowded public transport could be time-consuming and a frustrating affair. A car or a two-wheeler can bring a relief and reduce your traveling time. That days have gone when you need to give a huge amount of money to buy a vehicle of your choice. It has now become simple to buy a vehicle with banks and private lenders. They provides auto loans with varied interest rates depending on your need. Appling for a loan to buy a two-wheeler is much easier than a car loan. As there is a huge demand for bikes, the two-wheeler is competitive. Hence the consumer has the upper hand when it comes to financing. It only takes 2 to 3 business days for sanction. But here are some basic criteria. 1: Eligibility Criteria:  You must be over 21 and below 60 years of age for applying a two-wheeler loan. Also your financial capability is checked through your bank statements, and for paid employees, remaining in the same job and residence fo...