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Which Loans We Provide
Home Loans
What is Home Loan?
Home Loan is a Secured Loan. Home Finance is offered against the security of a house / property which is funded by the bank's loan, the property could be a personal property or belonging to a firm. In this type of loan the borrower gives the banker a conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property.
Home Loan is a Secured Loan. Home Finance is offered against the security of a house / property which is funded by the bank's loan, the property could be a personal property or belonging to a firm. In this type of loan the borrower gives the banker a conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property.
LAP Loan (Mortgage Loans)
What is Loan Against Property?
Loan Against Property [LAP] is a Secured Loan offered against the security of a residential / commercial property, the property could be owned by an individual or a firm. As the Property is the security intended, given by the borrower to the banker as conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property. In LAP the banks would want to know the "END USE" of the loan
Loan Against Property [LAP] is a Secured Loan offered against the security of a residential / commercial property, the property could be owned by an individual or a firm. As the Property is the security intended, given by the borrower to the banker as conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property. In LAP the banks would want to know the "END USE" of the loan
Balance Transfer Loan
What is Balance Transfer Loan?
Balance Transfer of Loan - is transferring an existing outstanding loan amount from one financer to another. The loan to be transferred can be a Personal Loan, Home Loan or Mortgage loan.
Personal Loans
What is Personal Loan?
Personal Loan is an unsecured loan for personal use which does not require any security or collateral. Personal Finance can be availed for any purpose, be it a wedding expenditure, a holiday or purchasing consumer durables, medical expenses, buying jewelry , down-payment for a home loan, transfer of credit card outstanding, or sudden business requirement. You can virtually do anything with the money, as long as you pay off the installments in time.
NRI Loans
Home Loans for NRI's
Every Indian staying abroad aspires to own a home back in his homeland, India. At VIZAG LOANS, we well understand that home buying can be a tedious process especially if one is living miles away from one's aspired house. Our experience spanning over 3 decades in the Indian housing finance domain has helped us share the hopes and joys of 4.02 million customers who have been nurturing the dream of home ownership.
Every Indian staying abroad aspires to own a home back in his homeland, India. At VIZAG LOANS, we well understand that home buying can be a tedious process especially if one is living miles away from one's aspired house. Our experience spanning over 3 decades in the Indian housing finance domain has helped us share the hopes and joys of 4.02 million customers who have been nurturing the dream of home ownership.
Create your dream home.
Tell us about your project today.
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