Posts Tagged “Interest”

Loan against property: Benefits, interest rate, eligibility and other details

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Loan against property: Benefits, interest rate, eligibility and other details

A mortgage loan is a secured loan so the risk of default is low as the bank or NBFC has your property with them as collateral. Due to the reduced risk, the interest rates on such loans are relatively lower. Representative Image  |  Photo Credit: Getty Images New Delhi: Loan against Property is a type of personal…

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Personal loans: Four tips to get funds at low interest rate

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Personal loans: Four tips to get funds at low interest rate

Four tips to get the best personal loan at a low interest rate (Illustration: SHYAM Kumar Prasad) Source: Tax Guru A kind of an unsecured loan, a personal loan is a handy financial tool that is easy to apply and in most cases, hassle-free to repay. However, since you don’t secure the loan with a…

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How to Get a Low Interest Rate on a Personal Loan

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How to Get a Low Interest Rate on a Personal Loan

The quicker you pay off loans, the more likely you will be seen as trustworthy to your lender. (Getty Images) The average interest rate on a two-year personal loan is 10.7 percent, according to the Federal Reserve. But depending on your credit history, income and other factors, you may be able to qualify for a rate in…

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