Loans Against Property- Rubique

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Loan Against Property
At Best Interest Rates
Rubique
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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.
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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.

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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.

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Before Going for a Loan Against Property
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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

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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.

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Types Of Loan Against Property
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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.

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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

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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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Thank You