Loans Against Property - Rubique

1. Loan Against Property At Best Interest Rates Rubique

2. In the current model of sprawling urbanization, you can see your house as an investment. So, it is wise to buy a house and then put it up as mortgage to take a loan against it after some time to procure cash for extra money matters. Loan against Property are loans given by banks and financial companies after mortgaging freehold property whether it be residential or commercial.

3. Advantages • Loan Against Property is easier and a better option than personal loans or gold loans during times when you are in financial trouble, or for a special purpose for example to organize a wedding in the family, or to set up a business. • The logic behind choosing Loan against Property is that LAP is a real estate mortgage and real estate prices rarely fall which makes them much secure mortgage. • Loan against Property at the best interest rates are the most affordable loans. • They are very simple to avail and repay. • These loans have a long repayment life and repayment tenure can be anything from 10 years to 15 years.

4. Things you should know • The minimum amount for which the loan is offered is ₹50,000. • The rate of interest for the loan is based on the customers' profile, which covers company name, salary, credit history, or if he is self employed his income tax returns and bank statement etc.

5. Before Going for a Loan Against Property

6. Do your Homework before availing LAP at best interest rates • Compare various offerings by various lenders in the market. • Calculate your EMI which will give you a good rate of interest • Calculate the amount of loan you should be getting against property you own, based on your earnings so you know you can repay • Find out whether you are being offered a floating rate or a fixed rate - for your loan against Property

7. Do your Homework before availing LAP at best interest rates • Understand how your loan EMI is apportioned into principal and interest components for the loan tenure. • Find out how much interest you are paying on your loan. • Do check out if rate of interest changes in the future will it impact the rate of interest on your existing loan.

8. Types Of Loan Against Property

9. Fixed First Rate Loan • There will be no prepayment charges payable for any amount up to and including 25% of the opening principal balance for a given financial year. • This type of loan offers you a portion of fixed rate term and a portion adjustable rate term. • You can opt for a fixed rate for a term of 2 to 5 years, after which the loan will by default migrate to an adjustable rate.

10. Adjustable Rate Loan • No prepayment charges are applicable on account of part or full prepayments. • When the interest rate is revised and your loan has transcended into first lap of the First Fixed rate loan tenure: • if the interest rate increases, the interest amount in a monthly installment will increase and the principal amount will reduce resulting usually in an extension of term of the loan • if the interest rate decreases, term of loan decreases

11. Get the Best Deal Your home signifies an individualistic price both emotionally and commercially with time. Loan against Property at the best rate can leverage the monetary worth of your home while you continue to enjoy occupancy of the same, so that you meet your immediate personal and business needs financially. Visit Rubique for great deals on Loan Against Property.

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