Skip to main content

Why an NRI sometimes needs a non certified loan lender ?

brings out the little girl in you even when your are grown and ready to drive!
NRI’s Why borrow from certified home loan lenders?  Everything is on paper. There is a certain way to apply, avail and get your home loan approved as an NRI. The repayment tenure plan programme is fixed on paper, and there is also a backup plan in case of your failure or delay to repay the EMI on desired time limit. The official call from agents about loans repayments, communication from their sides, status of your home loan and remaining amounts is what makes this a good choice for those who love discipline, have their documents in place, and need hassle free home loans. With a wide range of loans offered by reputed banks and certified finance companies for NRI’s you can get maximum loan amount to purchase home or property. Then there is also good communication from both sides regarding the status of your home loan as most reputed banks and finance companies have their branches around the globe.
Home Loans Simplified Facts

Still at times some NRI’s, need non certified home loan lenders also and the need is increasing , especially for private businesses and professionals who are making it on their own. As no questions are asked, only a brief history and assets are brushed up (your repayment capacity)  and you are offered home loan, without any hassles and that too in less time. The only risk comes when you are unable to repay the EMI or home loan on time then there may be ways these non certified agents recover their loan amount, which may or may not be such a good one. Also you will not have any records about the loan taken and repaid and most work is carried out with trust and reputation of non certified home loan lenders. Advantage here is also that you will get a larger amount, exceeding limits of your present situation, as loans as compared to certified finance companies.
It is understood that when you borrow from a non certified agent you get the home loan on much higher rate of interest. The tenure for repayment usually is also for a limited period of time , so the EMI amounts come to a much larger amount every month or may be in lump sum amounts every few months.
Share your experinces, Like, Comment!

                                              Home Loans-Simplified Facts

All the Best from Rizwana!
Read more on-


Comments

Popular posts from this blog

JP Morgan Chase India History of Morgan Chase India

Financial advisors claim outside the Unites States India is one of the countries where financial investment available by this reputed US bank. With the Morgan Chase bank claiming to be more than 200 years old the JP Morgan Chase. !977 the Bank has grown into a global financial giant. At JP Morgan chase finding a right refinancing option and also pay back loans, yes being a Chase customer you get money back on your mortgage. For new residential first mortgage or refinancing of previous loan customer get this benefit of 1% cash back programme and is only eligible for them. In India JP Morgan chase has a very large network and is expanding in size as of globally also. Morgan chase has its root back from 1922 in India. This began when JP Morgan Company in New York and Morgan Grenfell affiliated partnership in London, showed partnership interest in Calcutta Merchant banking Firm of Andrew Yule and Company Ltd. ICICI was founded in  1955 with JP Morgan Chase as one of the founding share hold

Branch Shifting Closure of Home Loan Offering Bank Branch and The Thumb Rule for Home Loans

When you go for house hunting you are confident that your income being 35 thousand Indian Rupees will definitely go on increasing and as you move up the ladder you will be able to pay larger EMI(Equated Monthly  Installments ). So you happily go in for a larger house as compared to other options and lenders are happy to provide you loan, they earn from high interest. The journey of repaying the home loan begins with smaller EMIs and proceeds with increasing in amount. Many people opt for flexible rate of interest in the repayment schedule as they are confident about their increase in salary over the years. But it is better to take a informed decision than be sorry later. Reaping EMIs is a stressful task since this goes on for 10 to 20 years. Hence an intelligent borrower would research the market, search for rates of interest and go in for the best deal, the one which helps to save precious interest over the years. Intelligent Borrower Many lenders will allow you to take a home loan on

How your Home Loan can Save you an NRI From Financial Losses with property investments

How your Home Loan can Save you an NRI  From Financial Losses with property investments, yes taking a home loan might just be the one simple step that helps to save you, an NRI from huge financial losses. Today investments are going towards only one direction, property. With so much fluctuations in market and shares and unpredictable situations it is the best form of investment for NRIs to invets in land and property in India. One thing that usually happens is NRis visit India on a short trip look at some few places and invest in the property. Things sometimes can go totally wrong with so many unknown factors in buying  homes and land. How can a home loan save you as an NRI while you invest in property here back home, is that the first and foremost approval of home loan requires that the house or land be approved of legal status. This is of utmost importance to have a clear title land or property.   Home Loans Simplified Facts Later on issues come up which will not only end you up in l