1.Sense of accomplishment
3.Low interest rate.
4.Tax Benefit: Interest paid.
5.Tax Benefit: Principal Repayment.
6.Buying a home vs renting a house.
1.Get financing for purchasing new and used cars.
2.The financing can go up to 85%-90% of the on-road price of the car.
3.The loan tenure can range from one year up to seven years.
4.The loan amount can be up to three times the annual income of the applicant.
1.Flexibility for usage.
Convenient and easy.
2.Reasonable interest rates.
3.No sharing of profits.
No collateral required.
4.Working capital support.
5.Multiple loan options.
1.You continue to remain the legal owner of your property while you use the funds from the loan to fulfil your needs.
2.Mortgage loans are easily approved since they are secured loans.
3.The interest you pay on a mortgage loan is much lower than that of a personal Loan.