In your endeavours to achieve to grow and achieve new horizons, we truly understand the importance of a true support system. Whether it is the expansion of your business or setting up of new business ventures that you believe in, nothing matches the source of financial strength that your own property can provide. A loan against property is a hassle free and convenient process with INR credit. Our dedicated experts offer you customised and tailor made loan products that not just suit your needs but also give wings to your dreams. You can use our loan against property eligibility calculator to check how much loan you can take on your existing property. Benefits and features: Loan against property products At Inrcredit we offer various range of loan against property products which helps you to grow your business. We have loan against property products like; loan on property value, loan on less itr or loan on without itr. Even you can avail loan on existing emi. Properties eligible for loan against property Loan against property is very vide and beneficial financial product. There are many types of properties for which Banks and NBFC’s are providing funding. We offer loan against property for residential house, loan against commercial property, loan against industrial property and even loan against lal dora property. Easy loan documentation With INRcredit we have lesser and hassle free loan documentation. Fast processing of loans. Early sanctions and easy disbursals. We dedicatedly follow the bank and customer both for the best loan services. Fixed rate of Interest and floating rate of interest We have both the options for customers to choose from fixed and floating rate of interest as per their convenience. Pre-check loan eligibility Precheck your loan eligibility before login here and there or verbal commitment of any Loan DSA or executive.Just log on at www.inrcredit.com and submit your details to check your approx loan eligibility. It will facilitate you to know your loan eligibility and save your time , cibil, and initial loan processing fee which will cost more if you apply multiple times. loan against property without itr Whether it is a property in the heart of Delhi or you want to take a loan against property in Gurgaon, or loan against property in west delhi INRcredit has got you covered with its accurate loan packages that suit the particular needs of every individual or company. Source: https://inrcredit.blogspot.com/2019/12/loan-against-property-loan-for.html
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Worried about not filing your ITR in the past. Well, it is an important step and one must not miss it in order to maintain a good financial health. But if you need to take a loan against property but don’t have an ITR, fret not, getting a loan against property without ITR may be difficult but it is certainly not impossible.
Tip 1: Talk To Your Relationship Manager If you hold a savings bank account, you must be having a relationship manager assigned. He/she is ideally your point of contact for any concern that you may have. You can simply walk into your bank and ask them to connect you to your relationship manager. You can try assuring him that you will be making the payments on time and request them to process your loan. Tip 2: Add A Co-Applicant If someone in your family has a good credit history and regular income, you can add them as a co-applicant. This increases your chances of loan being approved. You can also check your loan eligibility before login and prepare yourself accordingly. Tip 3: Explain Your Income Clearly To Your Officer In case of a loan against property or a housing loan without itr, an officer from the lending institution will visit the property for inspection. It is important that at this time you explain your income details and let them know that you don’t have an ITR. The officer will consider all the provided information to calculate your repayment capacity. Tip 4: Justify Why You Don’t Have the Documents As we mentioned above, filing an ITR is vital. If you have not done so in the previous year, try giving a genuine reason to the officer. Also consult a tax consultant right away to file your taxes for present year. Tip 5: Consider Peer-To-Peer Lending It is an increasingly popular concept these days. here, funds are raised by crowd funding and disbursed accordingly to suitable borrowers with interest rates. while the interest rate may be higher considering the risk factor, it is surely a good option if you don’t have an income proof. Source:https://inrcredit.quora.com/5-Tips-to-Avail-a-Loan-against-Property-without-ITR Sometimes people need money which they don't have. Instead of badgering friends and relatives, getting a loan from a bank is easy and safe.
Whether you need money to finance your business or for your daughter's wedding, asking friends and relatives for help is never easy. Not only does it look presumptuous, it is best to keep relationships and money separate. And you don't really have to. Getting loan against property is easy in today's times as long as you are capable of repaying it. Indians are noted for their seriousness when it comes to repaying anything they have borrowed and that is why banks and financial institutions don't mind lending money. Here are some things to know before you mortgage your property for a loan. What it is In India, this means that a bank gives you money when you mortgage a piece of property with it. Property may be a house, apartment or just a piece of land and depending on its value, you get a corresponding amount of loan. Loan against commercial property is also being considered quite a lucrative option these days. Purposes you can use it for There are many purposes for which you can use this money. A loan against property in Gurgaon or loan against property in west delhi can be used to build a new house or to do up an existing home. One can also fund medical treatment, take a vacation, expand a business or send a child for higher education abroad. Basically, it can be used for almost anything as long as one repays it. Eligibility criteria for getting loan against property Getting such a loan is not very difficult as long as one has the eligibility to do so. The eligibility criteria differ from one bank to another, so you may want to check your loan eligibility before login. However, there are some common factors that all banks in India will check before a person is considered eligible for a loan. Your income and savings and any pending debt obligations you have will be checked thoroughly. Of course, the property in question will be valued to make sure that it can be mortgaged. Your repayment history for loans and credit cards will also be gone through. Mortgaging one's property to raise a loan is considered one of the best and easiest ways to get a loan in the country. The only problem is that if by any chance one cannot repay the loan, the property which has been mortgaged will be taken over by the bank. Hence, the chances of losing the property is high and therefore repayment should be taken very seriously Source:http://www.imfaceplate.com/inrcredit/getting-a-loan-against-property-heres-what-you-need-to-know Home purchasing in India has never been this easy and approachable. The credit for the same goes to home loans. Among so many leading companies that provide customers easy loan options, well established ones are surely considered to be the first choice.
Loan Application Requisites The banks and lending institutions often follow the rule for maximum loan for salaried employees and keep your loan amount 60 times more than your net monthly salary. Also the maximum amount you can avail is the loan upto 75% of property value. Your earning should look promising to pay back in the future. In case you have any ongoing loans like auto loan or personal loan, you will not be eligible to take a home loan. Some important documents required are address proof, income proof, identity proof, salary slips and statement of bank account in which the salary is credited. Total Loans Purchasing your dream home and getting it customised according to the needs of your family cost you heavily and lending institutions understand that. many companies offering dda home loan in Dwarka offer you an additional amount of loan over and beyond your home loan to meet those extra needs. Part Prepayment Facility: If you have successfully paid your first EMI, it is possible for you to make prepayments for your loan. While your monetary situations may differ from time to time, some people prefer to make chunk payment as and when it is possible to ease of the pressure in future. This allows them to pay as many EMIs as possible although the limit may differ from lender to lender. Refinance: Purchasing your home with your own money can give you the benfit of refinancing. This allows you to take a loan against property if the property has been registered. Prompt Repayment Benefit: If you have a good track record of paying your EMIs on time, then the lender rewards you for the same. After paying the first 12 EMIs, you can avail a 0.5% of the annual interest paid returned by the end of 12 months. This facility is provided by only some lenders and can be enjoyed in the first three years of your total loan tenure. Zero Foreclosure Charges: Home loan can be foreclosed at any time during the tenure. There are no foreclosure charges if you decide to do so. Online Account Access: Most financial companies nowadays have an online customer portal which gives details like interest certificate, payment schedule and pending EMIs. The customer creates an account on their digital portal and can access all this information right from there. They can even pay there EMIs through these digital portals. Source: http://www.imfaceplate.com/inrcredit/home-loans-things-you-need-to-know Some common questions that arise in the mind of a home buyer are usually the type of home to look for. A 2BHK or a 3BHK? A plot, flat or a well-made house? An under construction project or a ready to move in house? If you are planning your first home and have similar questions in head and need a home loan consultant in Delhi-NCR, here are some tips to help you out.
Location It is important that you first decide on the location of property where you want to invest. You should check the potential growth of chosen locality and upcoming positive factors and infrastructural developments in the long run. Such properties have better appreciation in prices in future. Properties located near employment centres, shopping malls, schools and hospitals offer a better return and rental values. Start Earl It is also important that you invest at the right age. Experts suggest that investing in a home at the ideal age gives the home investors enough time to manage costs and expenses along with some added benefits. Home loan for salaried persons are also more flexible if you start at young age. Flat or Plot Young home investors often choose to buy flats since they are ideal for short term and promise positive return of investment in the future. Needless to say, these ownerships come with basic facilities like water supply, electricity and power backup which is also an important deciding factor. Investment Prospects Besides location of your chosen property, there are also other factors which play an important role in future appreciation of the said property. It is hence important to check the track records of your builder, amenities on offer, documentation and size of property before you go ahead and invest. If you are looking for housing loan without itr, loan against gurgaon property or for any specific sector, INRCredit.com is the one stop solution for all such needs. Source: https://inrcredit.quora.com/Buying-your-first-home-Here-are-some-success-tips-for-young-home-buyers Often times in life, we get in a dire need of money and such demands are not possible to be overlooked. A need to own a home, a car or renovation of existing home lead people to go for personal loans. These personal loans are one of the most expensive tools of finance. While one can easily avail a personal loan up to 10 lacs without giving a collateral or guarantee, customers can enjoy these loans at attractive rates and less documentation provided they have a good credit score.
These loans can be repaid in easy monthly instalments of up to 60 months. But what if you have a bad credit history? And what about the ever increasing rates of interest? Many financial institutions and banks provide you with loans with high rate of interest ranging from 14% to 25%. Buying and owning a house is one of the most important priority of Indian families. High inflation rates are only making it difficult to make the dream come true. With basic cost of living and increasing rates of real estate being increased with no leaps and founds, buying a home is not as easy as it was fifty years ago. Hence, the deal to buying your dream home lies with a good home loan. Most banks offer effective home loans to people with good credit record. There are various slabs of interest rates and tenure options. In fact, there are many financial institutions that offer options like home loan with bad credit history or home loan without ITR making it all the easier to turn your dream into reality. these loans are provided for a tenure up to 30 years. It is important that before you finalise the deal with the lender and sign the documentation, you read the terms and conditions, ROI and many other schemes offered by the lender. There are two basic types of loan interest rates – fixed rate and floating rate. These loans can now be availed online and in fact, you can now check your eligibility before login to make the process even more seamless for you. Source: https://www.wattpad.com/735339009-check-your-eligibility-before-login-fulfil-your Now that you have started looking for the right kind of home loan, it is important that you consider planning ahead. The process must start with finding out a few basics like how much will be your repayments on the loan, how much amount can you borrow and where exactly will your money be going?
There are different home loan calculators available to calculate loan eligibility for different stages and different people. Here are some common loan calculators on salary basis that can help you better manage your finances when you set out to buy home loan. Calculator for your borrowing power: this calculator can be used to give you an insight on how much loan you are eligible for. Loan repayment calculator: you have the option of choosing between monthly, fortnightly as well as yearly payment terms to calculate your minimum repayment schedules. Calculator for budget planning: using this calculator can allow you to plan where you want to put your money and most importantly it will also be able to determine right away your money left with you, any money deficit in your budget etc. Extra repayment calculator: this is an extremely easy to use calculator that will let you quickly calculate extra repayments, making extra repayments and how much money can you save my making such extra repayments. By having a simple look at such calculator, you can find that most of these calculators need you to fill in certain details like: How much is your mortgage amount? Your nominated rate of interest Your preferred term of loan in years So, now that you know the types of calculators available for you online, it is important that you invest in some time before you set out to buy home loan. INRCredit is one such loan financing firm specialising in home loans, especially for loans against property in West Delhi and housing loan without ITR. Source: http://www.article.org.in/article.php?id=176524 Buying your dream home has become convenient with a myriad of online websites of loan providers and advisers. With these many options being available, many websites have come up with their own versions of home loan calculators. Some common ones are home loan eligibility calculator and loan calculator on salary basis which let you check your loan eligibility before login. So, what exactly is a home loan calculator and how does it help and what all services it can offer? Let us understand the same in more details.
With a stiff competition between lending institutions and raising awareness among borrowers, many websites have come up with online calculators to make the math easy at both ends. These calculators are based on forms that you fill with your personal details. The calculator provides a rough estimate of the loan amount you are eligible for and the approximate amount of EMI you will have to pay in order to repay the loan. The form works as a first step in searching the websites and understanding the finances when it comes to take a big decision like home loan and that too under the privacy of your own homes. The individual does not have to publicise his idea about applying a loan to any financial agent and yet can receive all the important information required. Having this basic knowledge helps the person to understand how much is his repayment capacity and how much loan can he afford. The websites have nearly all possible information in a very simplified manner. You can fill up the details of your salary, age and current liabilities which judges your repayment capacity and EMIs. the borrower in the final stage gets the amount of loan he is eligible for and the total tenure of the said loan. One can also alter the tenure of loan to have a comfortable and affordable amount of EMI. Once you are aware of rates and details of different loan providers, you can go ahead and apply for the loan to make that dream home yours. This helps you save a lot of time and energy which is otherwise wasted by directly approaching a number of lenders. Online loan calculators are also a boon for people looking for loan against property and help the lenders narrow down their searches and go ahead with the most suitable institution. It is however important to remember that these calculators are for reference sake and one should only consider them for initial research. The total figures and loan amount that you get may not be applicable for all lenders and no institution is bound to give you the same figures as depicted in the calculators. INRCREDIT offers a myriad of options when it comes to home loans. If you are looking for home loans or loan against commercial property, you can reach out to us or use our online loan eligibility calculator and check the amount you are eligible for. Source: http://www.imfaceplate.com/inrcredit/what-a-home-loan-calculator-can-do-for-you Loans and mortgages have a significant place in Indian history. The word loans and money lenders dates back to British rule. While there have been immense changes in the structure, loan is still considered to be meant for only rich and upper middle class families. Loan against property blows air to these misconceptions.
As the name suggests, these loans are availed against your property so these come at a reasonable rate of interest. These can be availed for a variety of causes without any questions asked – medical reasons, personal expenses and professional reasons. Here are some guidelines that you must keep in mind before availing a loan against property: One must fill and duly sign the loan application. It is important to get the application attested and properly filled before you apply for a loan against property. The person who is applying for loan should have sufficient passport size photographs. You must carry a proof of your signature with you when applying for a loan against Gurgaon property. You must also have a valid residence proof. The property documents are a must since you will get the loan only based on these documents. You must also have your salary slips for at least past 3 months and ITR documents. There are however companies who are willing to offer housing loan without ITR. You will find many different guidelines to avail a loan against property. Another benefit that a LAP comes with is that the repayment schedule is highly flexible and the loan can be paid in easy monthly instalments. This ensures that the borrower is not burdened and at the same time the borrower can also enjoy various tax benefits. A loan against property is often taken by people who are planning to get their homes renovated. But the purpose can be anything as these loans can be availed for a myriad of other reasons too. Source: https://inrcredit.quora.com/Loans-against-Property-A-Solution-to-All-Your-Worries Purchasing your dream home in today’s times is surely not easy. The ever increasing price of real estate is a matter of worry to everyone who is planning to buy their dream home. If you are too bothered by such high rates, then you need not worry. There is always an option to get a home loan on DDA flats for buying the house of your dreams. However, to get a home loan you need to be eligible first. Here is a brief of home loan eligibility criteria in India to give you a fair idea. However, you can also take help of loan calculator on salary basis to get better insights.
Firstly, to be eligible to get a home loan it is important that you are at least one of the following segments: Professional Self employed Salaried Hopefully this makes it clear enough that you need to have a regular income source to meet eligibility criteria for a home loan. This is because the bank expects your loan to be repaid on time and a person with regular income is expected to do so with ease. In simpler terms, the risks involved in lending funds to an earning person are much less as to that of someone with unsteady income base. Let us discuss these categories in details: Salaried Individual If you fall under this category, you have to be a permanent employee of a private or public firm. If you are working with a private firm, it is important that the company is a reputed one. You will have to provide proof of income in the form of bank account statements, salary slips etc. if you don’t fall under this category but your spouse does, you can take the loan under his/her name. Professional A professional is a person who is a doctor, engineer, architect, accountant, dentist, and consultant. If you fall under this category and can show steady income proof, you are eligible to get a home loan. Self Employed Self-employed is a person running their own business. If you have your own business or have any other source of income you can apply for home loan but it is also vital that you are regularly filling your income tac returns. Besides the categories, here are some factors that affect your home loan eligibility: Income How much you are earning per month decides the amount of loan you are eligible for. Age The home loan applicant must be at least 24 years of age at the beginning of loan and not more than 60 years at the end of loan. The age can be extended up to 65 years in case of self-employed people and professionals. Interest rates The eligibility for your home loan is often inversely proportional to the interest rate you are paying. If the interest rate is low, your eligibility will be higher. Loan tenure The longer is the tenure of your loan, greater will be the amount you are eligible for. Existing loans Most Indian banks try to keep the ratio of EMI to income somewhere between 50 to 60 percent. So, in case you have some existing loans going on, the eligibility amount will be reduced in order to maintain the said ratio. Credit history Banks will check your credit history from CIBIL score which is considered to be of high value in determining your eligibility. The information can be accessed in the form of credit information reports and to ensure you maintain a good credit history, it is important to pay your credit card bills and EMIs on time. Source:https://www.wattpad.com/732138518-loan-on-dda-flats-loan-calculator-on-a-salary |