Thursday 21 April 2016

  Valuation of Property









THIS IS DONE BY BANK'S LAWYER WHICH DEPENDS ON CIRCLE RATE OF PROPERTY


Collateral

This is the property or asset that the borrower gives to the lender as security.


Title of Property


Whether title is clear or there is a dispute. Generally 12 year record is searched.

Who is a Borrower

A person who recieves funds in the form of a loan with the obligation to repay the loan in full

Joint Loan Ownership


This happens when two individuals, usually spouses, buy a property together.

Loan Transfer - LoanAdda

To repay home loan quickly you can wither make partial prepayment, switch home loan to other bank with lower interest rate or increase EMI

Credit Card - LoanAdda

If you have the below requirements fulfilled then you can avail a credit card in no time.



Floating Rate of Interest

The ROI changes based on the base rate, which is minimun ROI given by the bank i.e. banks will not lend below this rate.