Thursday, 30 September 2010

Secured loan

There are several reasons why we believe investing in property is, has been, and always will be as good a place for your money as there is out there! Firstly, the worldwide housing market is limited in supply and the population is ever-increasing at an exponential rate. This is true with most local markets as well as demand for housing continues to outstrip supply, pushing prices up and causing cities to expand. Simple supply and demand tells us that as demand grows faster than supply, prices must rise! Of course, investing in the right market and at the right time are integral to your success in property investment. Not all markets are rising, or have good rental returns; but if you are able to find the ones that are, you will do very well in the world of property investment!

There is also a wealth of information on the internet and in books these days. Property investment knowledge is not something that is taught in schools or at university - most successful investors we work with and know are self taught.

Strategy is also all important whatever stage of investing you are at. You must define your goals clearly, and stick to looking for deals that can help you achieve those goals. For example, you must decide whether you are looking to build equity or a stream of cash flow. Some investors primarily invest in a holiday home for self use and others will buy scores of properties a month and not visit one! Some investors prefer to invest only in their local market, while others will buy in several high growth areas overseas. Other investors we work with prefer the hands-off approach and invest in funds and syndicates; there are many different possibilities out there. Whatever your goals, I strongly recommend taking the time to define these before starting to invest. One of our team will be happy to talk through your situation, and point you in the right direction.

Investors can expect two different types of return when investing in property; income and/or growth. If investing for growth or capital gains, investors generally take a longer term view rather than needing more immediate access to capital. During your investing days, your priorities may change depending on your salary and other sources of income. It is likely that you will require income from your investments more so later in life as you work less and less. Planning for income, growth, or a combination of the two, often stems from your tax position, your immediate requirements for cash, and your longer-term plans. Many people construct a property portfolio of investments which offer a combination of income now and future growth.


Friday, 6 February 2009

Education Loan

A term loan granted to Indian Nationals for pursuing higher education in India or abroad where admission has been secured.

Eligible Courses
All courses having employment prospects are eligible.
* Graduation courses/ Post graduation courses/ Professional courses
* Other courses approved by UGC/Government/AICTE etc.

Expenses considered for loan
* Fees payable to college/school/hostel
* Examination/Library/Laboratory fees
* Purchase of Books/Equipment/Instruments/Uniforms
* Caution Deposit/Building Fund/Refundable Deposit (maximum 10% tution fees for the entire course)
* Travel Expenses/Passage money for studies abroad
* Purchase of computers considered necessary for completion of course
* Cost of a Two-wheeler upto Rs. 50,000/-

Any other expenses required to complete the course like study tours, project work etc.

Amount of Loan
* For studies in India, maximum Rs. 10 lacs
* Studies abroad, maximum Rs. 20 lacs

Wednesday, 4 February 2009

Personal Loan

Personal loans are tricky - you never can quite make out whether it is absolutely necessary or if it is just a luxury you will be paying back for the next few years. That new computer, or that credit card outstanding, or the house refurnishing.

The need for personal loans is never ending. We give you the best tips and knowledge on personal loans here; we also believe that you are better off knowing that there are other options out there - loan against property or car refinance spring to mind.

That done, you will find all you need to avail a personal loan in this section. How to apply for one, repayment options, charges applicable, documentation required, all these aspects are covered in this section.

A personal loan can make a real positive difference in your life. It can also make a real difference in your finances. gives you all the expertise we have so that you have the maximum of the former and the minimum of the latter.

Car Loan

When shopping for a car loan, it is important to compare many aspects of the different car loans you might be offered. You will want to compare car loan rates, terms, and read all of the fine print When you compare car loans, these tips will help you keep your information straight debt advice.

Much like compare auto insurance rates, the best way to compare auto loans is to familiarize yourself with the different types of auto loans out there. The best way to begin to compare auto loans is to familiarize yourself with the different types of auto loans out there. The first home type of auto loan is a loan with a fixed interest rate. This means the interest rate does not change through the life of the loan. This is the most typical type of car loan. It is important to compare auto loan rates carefully when looking at fixed auto loans because there can be fine print relating to the loans that can change the price.

Another type of car loan is a variable rate loan. This is the loan that has an interest rate that changes over the course of the loan.

Secured Loan

A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in the event that the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to satisfy the debt by regaining the amount originally lent to the borrower. From the creditor's perspective this is a category of debt in which a lender has been granted a portion of the bundle of rights to specified property. The opposite of secured debt/loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may satisfy the debt against the borrower rather than just the borrower's collateral.


There are two purposes for a loan secured by debt. In the first purpose, by extending the loan through securing the debt, the creditor is relieved of most of the financial risks involved because it allows the creditor to take the property in the event that the debt is not properly repaid. In exchange, this permits the second purpose where the debtors may receive loans on more favorable terms than that available for unsecured debt, or to be extended credit under circumstances when credit under terms of unsecured debt would not be extended at all. The creditor may offer a loan with attractive interest rates and repayment periods for the secured debt.


A mortgage loan is a secured loan in which the collateral is property, such as a home.

A nonrecourse loan is a secured loan where the collateral is the only security or claim the creditor has against the borrower, and the creditor has no further recourse against the borrower for any deficiency remaining after foreclosure against the property.

A foreclosure is a legal process in which mortgaged property is sold to pay the debt of the defaulting borrower.

A repossession is a process in which property, such as a car, is taken back by the creditor when the borrower does not make payments due on the property. Depending on the jurisdiction, it may or may not require a court order.

Saturday, 8 December 2007

Quicker Home Loans

If you're considering a mortgage loan, you might be wondering what options are available. Today, there are many options besides the conventional methods of obtaining a mortgage. Whether you're applying for a home loan for a new home, a refinance loan, an equity loan, a HELOC, or a reverse loan, you should be aware of what each loan entails.

When buying a new home, you'll need to be approved for a new home loan through a lender, or ask the seller to finance the home for you. Before applying at a lending institution, research your options. Determine how much "house" you can afford. Use online mortgage payment calculators to figure what the payments would be for different home loan amounts. Then, you'll know what price range you can shop within, and whether or not you can afford the payments. Remember, your income/debt ratio must fit within the lender's guidelines to qualify for a conventional loan.
Creative Financing

Don't settle for conventional loans if you don't have to. There are many creative ways to finance a new home loan. If you do not have the needed investment capital or a down payment, some lenders will finance the down payment for you as well as the closing costs. If not, the seller might be willing to finance part of the loan to cover these costs. This can work even if the seller doesn't have extra "money to lend!"

Explain to the seller that it could be advantageous to him because of income taxes. He might much rather claim an income of $100,000 than $120,000! Spreading out payments for $20,000 of the loan amount over a period of five or ten years could make a huge difference on his taxes due for that year. Consult with an accountant to find out if this could work in your situation.
Refinance Loans

If you plan to refinance your home, there are several options. A refinance means you are re-evaluating the terms, payments and interest of your loan. You might refinance to simply get the interest rate or payment lowered. Or, you might want to keep a little cash out for yourself as well. This is called "Cash-out" refinancing. Cash-out loans are made when you want to refinance your home for more than is owed on it. For instance, you owe $60,000, but want to refinance for $80,000. You'll pocket the additional $20,000 to use for home repairs, remodeling or whatever else!

Now that you are armed with many options for obtaining a home loan or refinancing your mortgage, check with an online lender to find out what plan will work best for you. Use the available tools and calculators to do some budgeting on your own as well. You'll be moving in that new dream home in no time!
Personal loans are tricky - you never can quite make out whether it is absolutely necessary or if it is just a luxury you will be paying back for the next few years. That new computer, or that credit card outstanding, or the house refurnishing. For more details: