Loan against Property
It hardly matters, in which era, generation or environment we do business or walk on our professional journeys, the principle importance of building property assets has only increased with the passage of time providing financial strength, stability and the required grounding for consistent progress and growth.
Properties can be used for a wide variety of loans at different stages in our personal, professional and / or business journeys. It is needless to mention that the appreciation that the asset achieves over a period of time is manifolds as compared to other income avenues, sources and processes. Loan Against Property is the most secured collateral due to its physical, tangible existence and presentation. Banks and financial institutions offer different percentages of loan against property, you are advised to compare, understand and evaluate all the available products before taking the final decision as per your requirements and repayment expectations.
- You are aged 18 years or over
- You should have a regular source of income
- You should have Stability and continuity of income
- You should have a good credit history
- Title of Property should be clear
You can use your Loan Against Property for Multiple Purposes
Purchase of Another Property
The first step, the first milestone, the first achievement takes its own time and effort to fulfil itself, and from there on we are always stronger and better to move to the next stage, be it smaller or bigger than the previous one. Building another asset after you have built your first, puts you in a favourable position as you are adequately equipped having just the right knowledge to take the appropriate decisions at the right time.
Taking a loan against your already existing asset can not only support you but also can help you in accelerating your progress by taking the additional load off from your personal financials as well as from your business expenses. Banks and financial institutions have adaptable loan policies, procedures and repayment schedules making it easier for you to purchase the asset at the right time. It is always advised to compare the products before taking the final decision.
Expansion of Business
Business expansion is one of the most important aspects as it creates avenues for higher revenue which in turn can lead to higher profile cycles. It is an investment that a business owner undertakes to increase its customer base, offerings and profitability. It also creates new job opportunities in the market leading to more and more revenue generating opportunities.
Today banks and financial institutions are offerings a wide variety of loan against property products to accommodate almost every type and size of business, having easy, achievable terms and conditions, and repayment schedules. It is advisable to carefully understand the available financial products, before finalising.
Higher Education
Proper education at the right time in one’s life can create a wonderful professional journey which can be fulfilling not only for the person but for its family as well. Going for higher education can open the doors for success which otherwise always looked as a distant dream. You can be a caring parent or the person itself to pursue hight education and are finding it difficult to bridge the financial gaps.
Take a loan against your property and bridge the gap, and start your higher education journey with bigger aspirations and walk towards your aim happily. Today loan against property has become affordable, easier to manage and even simpler to repay as per your future life milestones. We at Real Indian Money can understand your education path and can assist you in selecting just the right loan against property product for your requirements.
Medical Emergency
Life can be very unpredictable at times and we never know when we would be needing extended finances to manage emergencies related to life and health. Some decades ago one was totally depended on the people around be it friends and relatives and it used to be difficult and socially taxing to seek monetary support from them.
Now, things have changed for good and you can easily take a loan against your property to manage emergencies in your life. You do not have to think twice about how people around you or the society would react, you can simply ask the Bank to support you in your tough times. Taking a loan against property is now easy, as the banks have improved their policies and procedures to make it accessible and in reach for us.
Marriage
You have reached a stage where you have achieved good, have progressed well in your life and now you wish to share your life with someone special. Getting married is a long term decision and one takes its own time to get ready for this new path in life. You can be a parent or the one getting married, in both you would always wish to have a grand affair in your life.
For once in a lifetime such moments, you would want the best for yourself and for the people who would be a part of this union, managing finances, will not play a spoiled sport, as you can always take a loan against your property to fulfill your dream experience and can repay it slowly and comfortably as bank policies and procedures are easier and manageable now.
New Technology Investment for Business
Today technology has come a long way from being considered as an expense to a business enabler supporting and managing continuous business growth and profitability. Technology Investment plays a very important role in planning and forecasting organisational long term goals and expansion portfolios.
Based on your current and future technological advancement and up-gradation requirements and expenses, you can seek loan against your property to bridge the gap and easily fulfil your current and future technology portfolio. Investing in technology in the long run is both profitable and sustainable, due to its availability, accessibility and up-gradation capabilities.
