Most lenders provide a housing loan ranging from 75 to 90 percent of the cost of the property depending on your loan value. Therefore, if the property is valued at Rs 50 lakh by the lender, you can avail a maximum loan of Rs 40 lakh (80% of the property cost for loan amount up to Rs.80 lakh.
Loans against property, or mortgage loans, are secured loans where borrowers have to pledge their property (residential or commercial) as collateral. Interest rates offered on these loans range from 9.80% p.a. to 14.50% p.a. while the repayment tenure offered by lenders is generally between 2-20 years.
The average business loan interest rate range falls somewhere between 3%—the best rate banks can offer—all the way up to 150%—which some cash advance companies can charge.
SME Loans stand for Small Medium Enterprises (SME) business loans extended only to medium-sized enterprises. These loans are tailor-made to suit the needs and requirements of SMEs. ... It can be used as a working capital loan as well as for long-term requirements.
General insurance is typically defined as any insurance that is not determined to be life insurance. ... These would include workers' compensation (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organisations.
A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets.
Checking land records online is very easy today. With one click button, you will come to know information about the land owner. It is important to check the land record before purchasing the property because real estate is a non-transparent sector where a lot of black money is involved