admin 
✅ How to Become Eligible for a Loan Loan eligibility depends on the type of loan (personal, home, vehicle, or loan against property) and the lender’s policies. But generally, all lenders check a few common factors. 🔑 Common Eligibility Criteria: Factor Description Age Typically 21–60 years (up to 65 for some loans) Income Minimum stable … Read more
What is a Loan Against Property (LAP)? A Loan Against Property (LAP) is a secured loan where you pledge your immovable property (like a house, flat, or land) as collateral to borrow money from a bank or financial institution. Key Features of Loan Against Property: Feature Description Type Secured loan Collateral Residential, commercial, or industrial … Read more
What is the Repo Rate? The Repo Rate (short for Repurchase Rate) is the interest rate at which a country’s central bank lends money to commercial banks for short-term needs. In India, for example, this rate is set by the Reserve Bank of India (RBI). How Does Repo Rate Work? 1. Short-term Lending Mechanism When … Read more
Credit Score Ranges A credit score reflects your financial behaviour and creditworthiness. This score helps banks and other financial institutions evaluate the risk of lending money. Credit score ranges are usually divided into categories that indicate different levels of creditworthiness, helping both lenders and borrowers understand where they stand. In India, credit scores usually range … Read more
Reducing the interest rate on your home loan can significantly lower your total repayment amount. Here are smart and legal strategies to help you save more: 🏦 1. Improve Your Credit Score Why: Lenders offer better rates to borrowers with good credit (typically 750+). How: Pay credit card bills on time. Limit credit utilization below … Read more