by trueimpactdigital | Jul 18, 2024 | Loans
An Overdraft (OD) facility against property mortgage, also known as a Loan Against Property (LAP) Overdraft, allows you to borrow funds against the value of your property with the added flexibility of withdrawing money as needed, similar to a credit line. You can...
by trueimpactdigital | Jul 18, 2024 | Loans
Obtaining a Loan Against Property (LAP) without proof of income can be challenging, as most lenders require proof of income to assess a borrower’s repayment capacity. However, there are alternative ways to secure a LAP even if you do not have conventional income...
by trueimpactdigital | Jul 18, 2024 | Loans
The Pros and Cons of Short-Term vs. Long-Term Business Loans When financing your business, one of the critical decisions you’ll face is whether to opt for a short-term or long-term business loan. Each loan type serves different purposes and comes with its own...
by trueimpactdigital | Jul 17, 2024 | Loans
Secured vs. Unsecured Business Loans: What You Need to Know When seeking financing for your business, one of the key decisions you’ll need to make is whether to apply for a secured or unsecured loan. Each loan type has its own benefits and risks, depending on...
by trueimpactdigital | Jul 16, 2024 | Loans
When applying for a Loan Against Property (LAP) for a commercial property, lenders assess the value of the property in detail to determine the loan amount they are willing to provide. The process of evaluating commercial properties differs slightly from residential...
by trueimpactdigital | Jul 15, 2024 | Loans
Negotiating a better interest rate for a Loan Against Property (LAP) can significantly reduce your total borrowing costs. Here are strategies you can use to negotiate a lower interest rate effectively: 1. Improve Your Credit Score: Credit Score plays a crucial role in...
