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These loans are all part of the Covid-19 package which was recommended by the RBI. However, as you may know, these are for the maximum time of 36 to 60 months. Three large banks of the country like Bank of India, Bank of Baroda and the Union Bank of India are already known to have lowered their interest rates by around 200 basis points for loans.

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HDFC Bank Loan Against Property Schemes

HDFC offers four different types of Loans, as listed below:

LAP (Term Loan)

Dropline Overdraft (DOD)

Loan for Purchase of Commercial Property (LCP)

Loan Against Rent Receivables (LARR)

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With HDFC’s Education Loan for Indian Education, you have the perfect avenue to fuel your ward's education within India. One of the best things about the scheme is that the loan can be personalized according to your needs and requirements.

Under this scheme, you can avail loan amounts of up Rs. 10 lakhs. Additionally, the loans are characterized by competitive pricing, doorstep service, optional insurance cover, and fast fund disbursement.

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Features of ICICI Bank Loan Against Property

Let’s look at the key benefits and features of ICICI Bank Loan Against Property:

You can use the loan for both the business and personal needs.

ICICI offers a maximum loan amount of Rs. 5 crores with a maximum loan tenure of 15 years.

ICICI Bank offers a balance transfer facility at an attractive interest rates, and also provides special offers to doctors.

You can mortgage both residential and commercial properties to avail loan against property.

ICICI Bank also offers upto 90% of the total LAP as overdraft.

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Features of ICICI Bank Education Loan

You can save income tax on the interest paid.

Seamless and fast fund transfer to the requisite international institute.

No collateral is needed if the loan is up to Rs. 40 lakh for particular courses and institutes.

The loan disbursement process is fast and hassle-free.

You can benefit from a flexible tenure and repayment options, as well as from the competitive interest rates on the loan.

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There are multiple benefits of being an ICICI Bank credit card holder that have been outlined below.

Lifestyle benefits: ICICI credit cards provide huge discounts on shopping in partner retail outlets, restaurants, movie vouchers, and everything else that is needed to maintain a chic lifestyle in today's world.

Travel benefits: The credit cards also offer exclusive and complimentary airport lounge access across major airports, waiver of fuel surcharge, and fuel discounts.

Rewards and services: ICICI credit cards provide cash back on transactions, cash rewards, 24x7 concierge service, and other valuable services.

Security: ICICI credit cards are secured with a chip card and are extremely safe to use for any purposes. You do not have to fear credit card fraud.

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SBI offers a wide range of affordable services to individuals of all earning classes as well as corporate businesses. All SBI account holders get a complimentary debit card. The type of debit card depends on the kind of savings account opened by the customer. All SBI debit cards are accepted internationally and offer various rewards and benefits.

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The Xpress credit loan is a type of loan that you may avail without any problems on any occasion, be it an unplanned vacation, an emergency or for any medical charges. This loan is for meeting all your emergency requirements. To avail this loan, minimal documentation is required, with no hidden costs, but pre-payment charges are applicable. Also, processing fee to apply for SBI Xpress Credit Personal loan is very low. 

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Cars are rapidly becoming a necessity rather than a luxury. SBI recognizes this growing need, and has come up with affordable car loans to help customers buy their dream cars. The loan can be used to buy a passenger car, a multi-utility vehicle, or a sport utility vehicle. If you can't afford to keep paying, you could even transfer the loan to someone else!

The loans have low interest rates and a straightforward application process. The loan tenures are optimally designed, with a maximum limit of 7 years. The loan amount depends on the on-road cost of the vehicle. SBI also charges very less on prepayment or foreclosure of the loan before the end of the loan tenure. The eligible age range is from 21 years to 65 years.

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Among all services, the loan against property segment stands out as one of its prominent offerings. SBI offers an assortment of loans against property for its customers.

When emergency knocks on the door, most people resort to a personal loan. But there is a limitation on personal loans, as you can't withdraw a significant amount.

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The State Bank of India is a government-owned entity, owing to which it is serious about the promotion of education around the country, as well as for its customers abroad. In the age where private banks are flourishing, SBI has a wide range of attractive education loan schemes for domestic students, foreign bound students, and students of vocational courses. These loans and schemes come with attractive interest rates that focus on the students first and foremost. Currently, SBI offers:

Scholar Loan

Global Ed-Vantage Loan

Student Loan

Skill Loan

Take-Over Education Loan

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Pull out your credit report through mymoneykarma to readily assess your credit-worthiness. If your credit score is low, then banks may not approve your home loan, or you may have to borrow it at a high interest rate.

Thus, this step should be the first on your checklist before you start house hunting. It will help in negotiating with the bank for a low interest rate.

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Create A Household Budget -  A household budget will help you determine how much you can expect to save every month. Along with it, you will also be able to understand the areas that need a little expenditure trimming.

Take Advantage of Government-Run Programs - Government-funded programs like Pradhan Mantri Awas Yojana can be a big help. If you belong to the middle income group (MIG), you will get added assistance on your home acquisition/construction of a house. Check out this link to see what might be available for you.

Use Gift Funds - Although gift funds may look like an unconventional way, in the end, every penny counts. You can ask your family and friends to gift you cash that can add up to your down payment.

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Your credit score can decide whether the lender should take the risk of lending you money or not. For building good credit, you need to begin credit activities at least a year before applying for a mortgage.

If you have had a student loan and paid your EMIs diligently, then you don't need to worry. However, if you don't have a credit history yet, then get a credit card to start building it. A secured credit card would be best to start out.

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You are afraid of becoming a victim of scams in real estate projects

You have no idea about the real estate market trends

You hesitate in borrowing a loan

You still think that your income isn't enough

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An income tax is a tax imposed by the governments on income generated by businesses and individuals within the government’s jurisdiction. Taxpayers are legally mandated to file an income tax return annually to determine their tax obligations. Income taxes are sources of revenue generation for governments across the world. The government uses income taxes to generate revenue for public services, finance government obligations, and provide for the country’s citizens.

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An income tax is a tax imposed by the governments on income generated by businesses and individuals within the government’s jurisdiction. Taxpayers are legally mandated to file an income tax return annually to determine their tax obligations. Income taxes are sources of revenue generation for governments across the world. The government uses income taxes to generate revenue for public services, finance government obligations, and provide for the country’s citizens.