LoansJagat

Geeta Colony, Delhi

What is a loan against property for Salaried? It is a secured loan where the property is pledged to borrow the amount from the bank. The loan can be availed against property owned by the borrower for residential, commercial or the industrial purposes. In comparison to personal loans, loan against property for Salaried is a better option for salaried income individual who wants to meet any personal requirements with a bigger amount. Such a loan enables more repayment time along with lesser interest rates. Loan is provided by the banks which is usually 50%-80% of market value of the property mortgaged. Why should one opt for Loan against property for Salaried? Both personal loan and loan against property for Salaried are good options for the borrower coming from a salaried background. Loan against property for Salaried offers wider benefits to the customers. The leading banks including the traditional lenders offer the loan against property for Salaried making it conveniently available. Loan against property for Salaried has better tenures and a larger amount is sanctioned against property in comparison to personal loans. Also, interest rates are much lower to personal loans and hence lower EMI. Hence, this makes it a suitable option for a salaried person to utilize their salary to the maximum potential.

What is Dropline overdraft loan? Dropline overdraft loans are secured loans where the borrowers pledge their property as a security. Sum of the amount lent is 50%-80% of the property's market value. The loan amount is reduced at various intervals like monthly, quarterly, semi-annually OR annually from the principal depending upon the lending banks policy. Ownership of the property pledged remains with the borrower only. Why should I take dropline overdraft? How will it help me? Every businessman wants to avoid a liquidity crunch especially during a peak season or when they have an expansion plan. While the market offers business loans, the Dropline Overdraft Loans facility is an extension to the same which can easily be used whenever required. It's easy on the pocket considering the interest is charged only on the amount utilized! Other benefits are as follows: 1) Higher Loan Amount - The Overdraft loan can be availed from Rs.20 lacs to Rs.100 crores depending upon the value of the property being pledged and the income. 2) Ease of Paying Back - Longer tenures help the borrower to plan the repayment with ease. An average tenure for Dropline Overdraft Loans is 10 years, which gives flexibility to the borrower for repaying EMI's from the income earned. 3) Quick Processing - LoansJagat helps businesses to get access to overdraft loans within 6-7 days of processing which helps one to get funds immediately.

What is a loan against property for self-employed? It is a secured loan where the property is pledged to borrow the amount from the bank. The loan can be availed against property owned by the borrower for residential, commercial or as an industry purpose. In comparison to business loans, loan against property for self-employed is a better option when self-employed individuals want to meet any kind of personal requirements with a bigger amount and need more repayment time with less interest rates. A loan is provided by the banks which is usually 50%-80% of market value of the property mortgaged, depending upon the type of property (i.e. residential, commercial or industrial). Why should one opt for Loan against property for Self-employed? Loan against property for self-employed is a good option for the self-employed individual. Loan against property for self-employed offers wider benefits to the customers in comparison to other loans like a business loan. Considering most financial institutions offer it easily, it is conveniently available as a secured loan. Loan against property for self-employed has better tenures and a bigger amount is sanctioned against property. Also, interest rates are much lower to business loans. Hence this makes it a preferred option.