5 rules to follow when purchasing a loan against property
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To successfully avail a loan against property, one must borrow only as much as needed and can be repaid, opt for the shortest loan tenure possible to minimize interest costs, make all loan repayments on time to improve their credit score, ensure large loans are insured, and carefully review all details of the loan agreement.
5 rules to follow when purchasing a loan against property
- 1. 5 Must-Follow Rules to Avail a Loan Against Property
- 2. 1.Borrow as per your requirement and repayment capacity 2.Go for a short tenure to reduce interest cost 3.Repay loan EMIs timely to improve credit score 4.Get insurance with big-ticket loans 5.Read the fineprint carefully