LoansJagat Geeta Colony, Delhi

A Personal Loan is one of the best remedies of modern life’s financial concerns. Today, almost everyone comes across cash crunch situations and financial requirements that need funds at the moment, while one can gradually pay them over the period of time, these requirements may vary from education for self or family, medical requirements, need to travel or fulfil a long wishlist of a gadget and several other requirements. Some key benefits of Personal Loans? While business loans and property loans need collaterals. A Personal loan unlike these loans requires a person to have a decent credit profile against which credit is given. There is no requirement of multiple documentation and one needs not visit branches to submit physical documents for personal loans. A Personal Loan is quick and one needs not wait for a long time to get the loans processed. These days the entire process is online and transparent. A Personal Loan is not bound by a purpose and one can use the loan amount for any requirement as one needs.

What is a Home Loan for Salaried? Home loans refers to the sum of money borrowed by a salaried individual to buy their dream property. In this case borrower gives guarantee for the property even though they are entitled to use the property for residential purpose. How much home loan on Salary is sanctioned by the banks? Financial institutes usually fund 75%-90% of the property's market value. Borrowers income profile along with banks internal lending policies also determine the value. The remaining amount needs to be self-financed by the borrower ranging from 10% to 25%. Why should you avail a Home loan for Salaried? For many people having a home of their own is a dream. Given the limited income it’s a lucrative option for them. Home loans for salaried allows one to avail tax exemptions and build own house with the future salary income, such a home loan on salary allows one to fulfil their aspirations. Convenience, easy processing, and comfortable loan tenure makes it all the more easy to opt for the home loan for salaried. This is one product offered by most of the banking institutions at interest rates varying from 8.75%-11% with easy documentation process making it a viable loan product.

What is a loan against property for Salaried? It is a secured loan where the property is pledged to borrow the amount from the bank. The loan can be availed against property owned by the borrower for residential, commercial or the industrial purposes. In comparison to personal loans, loan against property for Salaried is a better option for salaried income individual who wants to meet any personal requirements with a bigger amount. Such a loan enables more repayment time along with lesser interest rates. Loan is provided by the banks which is usually 50%-80% of market value of the property mortgaged. Why should one opt for Loan against property for Salaried? Both personal loan and loan against property for Salaried are good options for the borrower coming from a salaried background. Loan against property for Salaried offers wider benefits to the customers. The leading banks including the traditional lenders offer the loan against property for Salaried making it conveniently available. Loan against property for Salaried has better tenures and a larger amount is sanctioned against property in comparison to personal loans. Also, interest rates are much lower to personal loans and hence lower EMI. Hence, this makes it a suitable option for a salaried person to utilize their salary to the maximum potential.

Overview Loan Cycle Do You Know? What is a Business Loan? Business loan is a suitable option for all the growing entrepreneurs to meet specific requirements pertaining to their business needs. It can be as simple as the installation of new machinery to as big as expanding the business to newer areas or starting a new venture. Why should a business opt for business loan? Convenience, less documentation, and quick processing help a businessman to easily explore new opportunities and set fund specifically for meeting business goals. The easy business loan offered by LoansJagat can help businesses to grow and manage their working capital requirements.

What is Dropline overdraft loan? Dropline overdraft loans are secured loans where the borrowers pledge their property as a security. Sum of the amount lent is 50%-80% of the property's market value. The loan amount is reduced at various intervals like monthly, quarterly, semi-annually OR annually from the principal depending upon the lending bank’s policy. Ownership of the property pledged remains with the borrower only. Why should I take dropline overdraft? How will it help me? Every businessman wants to avoid a liquidity crunch especially during a peak season or when they have an expansion plan. While the market offers business loans, the Dropline Overdraft Loans facility is an extension to the same which can easily be used whenever required. It's easy on the pocket considering the interest is charged only on the amount utilized! Other benefits are as follows: 1) Higher Loan Amount - The Overdraft loan can be availed from Rs.20 lacs to Rs.100 crores depending upon the value of the property being pledged and the income. 2) Ease of Paying Back - Longer tenures help the borrower to plan the repayment with ease. An average tenure for Dropline Overdraft Loans is 10 years, which gives flexibility to the borrower for repaying EMI's from the income earned. 3) Quick Processing - LoansJagat helps businesses to get access to overdraft loans within 6-7 days of processing which helps one to get funds immediately.

What is a loan against property for self-employed? It is a secured loan where the property is pledged to borrow the amount from the bank. The loan can be availed against property owned by the borrower for residential, commercial or as an industry purpose. In comparison to business loans, loan against property for self-employed is a better option when self-employed individuals want to meet any kind of personal requirements with a bigger amount and need more repayment time with less interest rates. A loan is provided by the banks which is usually 50%-80% of market value of the property mortgaged, depending upon the type of property (i.e. residential, commercial or industrial). Why should one opt for Loan against property for Self-employed? Loan against property for self-employed is a good option for the self-employed individual. Loan against property for self-employed offers wider benefits to the customers in comparison to other loans like a business loan. Considering most financial institutions offer it easily, it is conveniently available as a secured loan. Loan against property for self-employed has better tenures and a bigger amount is sanctioned against property. Also, interest rates are much lower to business loans. Hence this makes it a preferred option.

What is a Home Loan for self-employed? Home loan for self-employed refers to the sum of money borrowed by a self-employed businessman to buy a property. In this case borrower gives guarantee for the property even though they are entitled to use the property for residential purpose. How much home loan for self-employed is sanctioned by the banks? Financial institutes usually fund 75%-90% of the property's market value. Borrowers income profile along with banks internal lending policies also determine the value. Why should you go for a Home loan for self-employed? For many people having a home of their own is a dream. Self-Employed individuals are independent in terms of working, having a home loan for self-employed option helps them to find their own comfort. Convenience, easy processing, and comfortable loan tenure make it all the more easy to opt for the home loan for self-employed. This is one product offered by most of the banking institutions at interest rates varying from 8.85%-10% with easy documentation process making it a viable loan product for the borrowers who are self-employed.