cholamandalam

Decoding Loan Against Property

Loan Against Property is a multi-purpose loan that can be availed by pledging the borrower’s property as collateral. The property can be residential, commercial, or a plot. Since a property is being pledged, the interest rates on these loans are pretty low. Generally, loan against property is availed by people for business upscaling, property renovation,…

Latest RBI Guidelines For Home Loans In 2023

The Reserve Bank of India is the apex governing body that devises and updates the rules of financial institutions in our country. These updates are based on the country’s economic growth, inflation, supply & demand, etc. The Reserve Bank of India, in their latest update about Home Loans, made the borrower’s life easy. Repo Rate…

How to remove Loan Inquiry from Cibil Credit Report?

If you need to approach a lender for a loan or credit card, your CIBIL credit report or any credit report, for that matter is crucial. This is particularly true for credit cards and unsecured loans like personal loans. Generally speaking, to qualify for a fast loan and a loan without collateral, you need to…

Ways to get instant personal loans

When an urgent financial need crops up, getting access to an instant personal loan will be helpful to reduce your financial burden. Traditional personal loans take 7-10 working days for approval and disbursal. There are certain ways for individuals to access personal loans instantly in case of an urgent financial need. Only few trusted apps…

Banks vs NBFCs – Which is Better for Home Loans?

When you’re in the market for a home loan, most people research a lot about interest rates, repo rates, market scenarios, etc. After going through all these, you may find yourself scratching your head about whether to choose a bank or a NBFC as your potential lender. If you’re facing a similar dilemma, you’ve found…

6 Misconceptions about Home Loans – Explained

Home loans have become the go to option for first-time house buyers and they are a long-term commitment. So, one needs to do as much groundwork as possible before choosing one. However, there are a few myths that surround the finance industry when it comes to availing home loans. Many of these myths make things…