Return to site

Perks of Financing Your Festive Expenses with Debt Consolidation Loan

It is a custom to go ahead with a home renovation before the festive season. You may even have plans to go for a world tour. Lacks of funds is one of the most common discrepancies which an individual may face to bring his/her festive wishes to light.

If you do not already have the required funds available to meet such expenses, you can easily opt for a loan against property in India. Any individual can avail a loan against property by mortgaging a residential or commercial property for debt consolidation loan.

It comes as the best alternative to finance your festive expenses and debts arising from the same.

  1. Utilising your property’s value- 
    Such loans are offered against the market value of your mortgaged property where the loan amount sanctioned is a percentage of the property’s value. A loan against property and its features meet your needs in lieu of an already existing capital.
  2. Lower interest rates-
    Loan against property is a secured loan and thus comes with comparatively lower interest rates. The loan amount extended can go up to Rs. 1 Crore for salaried individuals and up to Rs. 3.5 Crore for self-employed individuals.Opting for a longer tenure for repayment will further lower the interest rates on your loan.
  3. Faster and easier repayment-
    Paying back these loans will be simpler for you as it has nominal interest rates. Loan against property tenure are flexible. A shorter tenure with affordable interest rates helps you repay your loan faster.

Loan against property also has fastest approval process. The loan amount is disbursed to your account within 4 days post approval. You may also use the substantial funds for debt consolidation and meet the festive expenses easily without any monetary constraints.

All Posts

Almost done…

We just sent you an email. Please click the link in the email to confirm your subscription!

OKSubscriptions powered by Strikingly