Make an appointment with a loan officer to discuss an equity loan against your land. If your tract of land is large acreage, you may be out of luck. Banks do personal loan through lic policy want to tie up assets on something that would be hard to sell in case of foreclosure.
Smaller tracts that can be sold to build on is more appealing. The loan officer will discuss with you the percentage of the value of the land that may be offered. Be prepared to consider around 50 percent of the value of the land.
(Example: If the actual value of the land is 60,000, he may offer you 30,000). Also, be prepared to discuss the loan's purpose. If you are paying off other debts, your debt ratios will be improved. The bank would look favorably at this.
FinBud Insta Loan vs HDFC Insta loan: Whats the difference. HDFC Insta loan is only for ned bank personal loan pre-existing customers who are having HDFC account and HDFC credit card.
Whereas for availing FinBud Insta loan no particular bank account is required. The only thing required is you should fulfil the eligibility criteria. For HDFC Insta loan zero documentation is required as HDFC gives Insta loan only to their pre-existing customers so they are already having all the details of the customer, whereas for the Finance Buddha Insta loan there is paperless documentation. In this you have to upload personal loan through lic policy scanned copies of all the required documents on their website.
For HDFC Insta loan the loan amount can be blocked only against your credit card limit. That means you can have a limited loan amount as per your credit card whereas in FinBud Insta loan there is no such restriction you can have loan from 50,000 to 1,500,000. There is no such limit as HDFC.
APR excluding Admin fee is 103. 08, APR including Admin fee is 239. When using your own funds, only Admin fee will be charged. When the card is not used, no charges will be levied. Were Committed To Service, Speed Security. Connect with a Helpful Lender.