Finance and Investment

If you are looking to arrange finance for purchasing new machines/equipments then you need not look beyond machinery loan. It can be availed for repaying a broken or faulty machine or for upgrading to a better version. Needless to say that it is godsend for entrepreneurs who can use this loan to upgrade/repay their erroneous machines which will uplift their business and take it to another level. Its popularity therefore can be easily understood. A number of banks/NBFCs offer lowest interest rates machinery loan which can be availed by the entrepreneurs. However, it is difficult for any individual to compare offers from different sources. There is very high possibility therefore that one might end up opting for a wrong lender and end up paying more interest. It is here that IndiakaLoan.com comes into play and through its extensive network of 40+ banks/NBFCs helps the applicant get a lender whose offer will best serve the applicant’s requirements. Some of the advantages

In loan against property , the loan is given in lieu of the market value of the mortgaged property (normally the amount given is 60-70% of property estimate). Though the property remains mortgaged to the bank, the owner is allowed to utilize it for private or business requirements.   Loan against property is a better option when compared with alternatives like personal loan because the rate of interest is far less in its case. Loan against property is very popular in India and is easily available with the increase in the number of banks and NBFCs in the country.                      Loan Against Property Eligibility Both salaried and businessmen can avail loan against property. The loan against property eligibility criteria are:   ·          The applicant must be an Indian citizen. ·          The applicant must be 21 years of age at the time he/she applies for the loan. ·          He/She must be earning the minimum required amount and possess the minimum monthly