11/01/2017 Professional & Short Term Course
A good and peaceful life is not possible without putting financial troubles behind. If you have a piece of property, then there is absolutely no need to worry at all about financial worries. You can visit the bank and ask for a loan against property NCR and you won’t return empty handed for sure. But yes, banks will first assess the worth of your property and then commit for the loan.
Similarly, it’s the worth and market price of the property that will decide the favorable nature of the loan you seek. So, if the property is at a prime location or its worth is good, then you can expect to get favorable rate of interests and better repayment options and everything. Your personal credit rating won’t have anything to do when you seek a loan against property NCR. After all, the only thing that matters is the property and its worth.
You should also be ready to keep the property mortgaged with the bank as this is often the norm with a secured loan. You can however continue to use the property for every purpose, except selling. This is how a good loan is offered to you and your financial worries are laid to rest. So, don’t ever hesitate in approaching the bank for a loan against property NCRas you should live a debt-free and peaceful life.
The IFRS course (International Financial Reporting Standards) by Takshila Learning consists of IFRS video lectures that are tailored to make you build...