Mortgage Loan Transfer

Mortgage Loan Transfer

Your property builds value both emotionally and economically with time. Loan Against Property you can leverage the economic worth of your property while continuing to enjoy occupancy of the same, so that you get immediate finance to meet a variety of personal and business needs. With Loan Against Property you can raise funds for your business and personal use as and when required.

The term Loan Against property refers to a situation in which the borrower takes a loan from a bank or financial institution where the security for the loan is a property that is owned by the borrower. If you own a valuable asset in the form of house (self occupied, rented or vacant) or a commercial property you can go for a loan against property. Loan against property is a multi-purpose loan with longer tenure and lesser rate of interest. It would like to leverage your property without giving it on rent or selling it?

Balance Transfer of Loan Against property refers to transferring of existing loan to a new lender for better rate and additional loan amount. Balance transfer of Loan Against Property happens when the entire unpaid principal loan amount is transferred to another bank for a lower rate of interest. The bank that had originally extended the loan to you gets the unpaid amount and you have to, in turn, now pay your EMIs at the new rate to the bank that has taken up the loan. Almost every bank in the country has a facility for a balance transfer of Loan Against Property and if you have been paying your EMIs regularly, there is often no problem associated with it.

If you are running a Loan against Property/Mortgage Loan with Banks/Financial Institutions at a High rate of interest Or not able to get additional funds and frustrated with bad services by said institution then look no further. Geo Capital will align you to the best rate of interest through a reputed Financial Institution with additional benefits and additional top up.

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