by trueimpactdigital | Jul 13, 2024 | Loans
Choosing between a Non-Banking Financial Company (NBFC) and a bank for a Loan Against Property (LAP) depends on several factors, including loan terms, flexibility, interest rates, and your personal preferences. Both NBFCs and banks have their pros and cons. Here’s a...
by trueimpactdigital | Jul 13, 2024 | Loans
When applying for a Loan Against Property (LAP) or any property mortgage loan, lenders conduct a detailed assessment of the property’s value to determine the loan amount they are willing to offer. This process is known as property valuation. The loan amount typically...
by trueimpactdigital | Jul 12, 2024 | Loans
When considering a Loan Against Property (LAP), borrowers have two primary options: borrowing from a private finance company (private lender) or a bank. Both types of lenders offer distinct advantages and drawbacks, so it’s important to understand the...
by trueimpactdigital | Jul 12, 2024 | Loans
Understanding Debt-to-Income Ratio for Business Loans The debt-to-income ratio (DTI) is a crucial financial metric that lenders use to assess the ability of a business to manage its current debts relative to its income. For business owners seeking loans, understanding...
by trueimpactdigital | Jul 11, 2024 | Loans
A third-party collateral in the context of a Loan Against Property (LAP) involves a situation where a person (third party) offers their property as collateral to secure a loan for another individual or entity. Here’s how it works: 1. Definition: The borrower is...
