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Asha home loans targets first-time home buyers in the lower-income segment. [ 45 ] [ 46 ] The product offers loans from ₹ 100,000 (US$1,200)– ₹ 1.5 million (US$18,000) in small towns (population less than 1 million) and up to ₹ 2.8 million (US$34,000) in larger towns (population over 1 million), to customers with family incomes of ...
A mortgage broker is actually not a lender. Instead, they act as your representative, seeking out loans for you. Brokers work with an array of lenders and as a result, are often able to offer the ...
Benefits of tapping your home equity to pay off debt. Taking out a home equity loan can free up room in your budget to pay down high-interest debts, among other benefits that include:
The company tied up with State Bank of India in 2006, [8] Punjab National Bank in 2007 [8] and Axis Bank in 2013 [9] to offer online trading to its customers. In January 2010, the company set up a mutual fund business named as Motilal Oswal Asset Management Company (MOAMC). [10]
A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a central online security interest registry of India.It was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks.
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The term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Australia in the early 1990s (hence the US term Australian mortgage), however it did not gain popularity until the late 1990s.
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