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Importance of Collateral

Generally, secured loans offer better terms and clauses than unsecured loans. With secured loans, borrowers can get lower interest rates and longer loan periods, as they can provide collateral, which makes the loan a more secure investment for the lender. Definition of Collateral Collateral describes assets or personal estate, land or house that one can …

Debt Consolidation

Debt consolidation is a form of refinancing, where you combine several loans and liabilities into one loan. Practically, multiple debts are combined into a single, larger debt, usually with more favorable payoff terms. A payoff term is considered beneficial if it has a lower interest rate, lower monthly payment or both. Consumers can compile various …

Margin Money in Home Loan

A certain sum of amount which the borrower deposits initially, to either the bank or a non-banking finance company from whom they are trying to obtain a home loan is called as the Margin money. Lenders treat the contribution of The margin money for a home loan from a borrower is accepted as a sign …

Buying any kind of property is a huge decision for the whole life. Nowadays Banks/ NBFC’s ask the borrower to include a co-applicant in the loan. Co-owning property with our own family member is a normal practice for long but nowadays people do not shy away to collaborate with their friends too. However, many of …

Credit score is a key feature that helps to decide the eligibility of loan amount and interest rates while borrowing for any kind of a loan. It is a misconception that credit score is only required for salaried professionals because of their limited income source. It is to note that credit score is equally important …

Where ever you go or whatever you do,documents play an important role in your life. We now a days try to maintain all kind of documents related to banks, properties, schools, offices etc. Similarly, the documentation for the home loan procedure has always been a nightmare for many home loan applicants. The vast documentation is …

While borrowing any kind of a loan every lender verify few things about you and Credit score is rated as the highest among all. Credit score is a key parameter that enrage you to avail a loan on your terms and conditions, lower interest rates and many more benefits. A good credit score always help …

Life is a path full of ups and downs and anyone can across a situation where you are in an urgent need of money. What would be your first step? Anyone would look for an easiest way out, well it maybe a Payday loan or everyone’s all-time favorite friend, credit card. But it’s not wise …

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