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BENEFITS OF LOAN AGAINST PROPERTY IN COMPARISON OF PERSONAL LOAN
Posted by loanaddasocialpromotion on December 27th Frank Clark Jersey , 2018


Loan against property is a solution for all your financial requirements. Be it to finance your child’s education, or be it a medical requirement, or even to finance your child’s wedding, in numerous requirements and one step solution. It is a secured loan in which you are required to mortgage your owned property either residential or commercial or industrial land to the lender as a form of collateral.


Benefits of a Loan against Property compared to a Personal Loan


1. Lower Interest Rate: In comparison of Personal loans which are considered as the most expensive loans to take or apply as they are unsecured Tyreek Hill Jersey , and they do not have any collateral. Whereas, a loan against property is a secured form loan and the rate of interest over here are generally low. The interest rates on a loan against property can range from 12-16% while interest rates on personal loans can range from 15-22% or can even go higher. Interest rates can also vary from lender to lender depending upon credit score, your income and also your past financial stability.



2. MORE LOAN AMOUNT
In loan against property you can avail a loan for up to 60 % of the market value of the property, which means that over here you have the benefit to avail more loan amount according to your requirement Cheap Chiefs Jerseys , as it is provided to you on the basis of your property value and as well as on your income also. Whereas, in personal loan you get the eligibility of the loan amount, on the basis of your income only and also on the basis of your credit repayment history.


3. LONGER TENURE- As the loan amount in loan against property is higher so for this you get the benefit of longer tenure which can go up to 15-18 years. As longer the tenure the lower is the EMI amount you’ll pay monthly. Whereas in the personal loan the maximum loan tenure can go is up to 4-5 years. If you have an outstanding cibil score there might be a chance in which you can avail more tenure, but that is in rare conditions.


4. LOWEST EMI OPTION- In loan against property Darwin Thompson Game Jersey , the benefit you get is of lower EMI, which you have to pay on a monthly basis. The longer the tenure the lowest is the EMI. Whereas, in personal loan, the tenure is not that much which states that the higher would be the EMI.

Another benefit of loan against property is that Khalen Saunders Game Jersey , although your property is taken over by the bank as a security, that doesn’t mean that you don’t have any possession over it, the lenders just take your property documents as security and you can continue to take over the possession. Lastly, in loan against property Juan Thornhill Game Jersey , you also have the convenience to use the amount wherever you can and for whatever is the requirement.


Block pavers are available in an array of sizes, shapes, colours and types that helps you make the design of your dreams come true. When compared to regular driveway surfaces block paving is considered to be an attractive option for your home.


Knowing the cost of block paving


If you have a shoe string budget then you can go for standard blocks in rectangular shapes. Generally the block paving company would estimate the cost in the ratio of 20% for blocks, 80% on labour costs and sand used for paving. You can purchase basic blocks right from 拢8 to 拢20 per square meter while the overall cost would range from 拢100 or sometimes less. However you need to remember that you have to spend extra on complex designs and patterns Mecole Hardman Game Jersey , drainage and edging.


Know more about paving blocks


As the paving blocks are manufactured rather than being cut from the stone, the sizes of the blocks remain to be uniform and accurate. It doesn't demand special kind of equipment or machine which makes it cost lesser even for paving big areas at home. If you are looking for a cost effective option, then you can go for concrete block paving rather than the blocks made from natural clay or granite stone which is also known as natural stone blocks. Generally these blocks are available in depths ranging from 50 mm to 100 mm which makes it an ideal choice for both residential and commercial applications.


Benefits of block paving


If installed properly, block paving Kent offers a very hard bearing Tyrann Mathieu Game Jersey , appealing, adaptable and attractive surface for your gardens, patios, footpaths and driveways. Some of the common benefits offered by block paving are discussed below.


鈥?You are at liberty to choose from an array of high quality blocks in different designs and colours.
鈥?These blocks have very Low maintenance when compared to normal surfaces that you would find in any garden or driveway.
鈥?It flaunts an artistic look and appearance.
鈥?It is a practical investment for any home owner and is much cheaper when compared to other alternatives.
鈥?Durable and long lasting.


Installation


When you choose the services of a best block paving company you will realize that it requires very less amount of repair and maintenance. Even if a block is damaged or stained by oil or any other chemical then replacing a single block is a breezy affair and a cost effective option. In addition it would