Things to consider Before Applying for Loan against Property

Every individual faces a point in life where they need some credit in order to purchase something. This credit is usually repaid through installments or through one-time payment. This credit or loan amount vsries based on needs of individuals.

In recent times taking a loan against property is becoming a popular concept. Under this, you can keep your property as collateral to the bank. The money granted will depend on the value of property which you own. There are several services which are good at money lending in tanjong pagar.  The important factor to be considered here is that the property which is owned should be in the name of the owner who has applied for a loan. Further we will discuss what all is required to take a loan on property.

Things To consider Before applying for a loan.

Before you step into the form filling or any formality of applying for a loan against property, there is some basic information which you should consider.

The interest rate Charged

The interest rates would vary based on loan amount, loan type, lender type and credit history. The amount of interest rate may also differ from banks to bank and lender to lender. One bank might charge more interest than the other. This is basic research that should be done which is comparing bank loans.

The Loan Amount you are Seeking

The best amount you can get against your property will depend on the current market value that your property holds.

Having said that, banks would also require real time area analysis of the area in which you have a property. In case the amount of your property is higher than expected, you will easily be granted the loan amount that you asked for.

The Repayment Tenure

The tenure of repayment completely depends on your capabilities to repay the loan. If you go. for smaller installments, there will be a long tenure for the loan repayment. If you go for higher EMIs, the loan will be repaid in a shorter duration.

Process and other charges levied

Getting a loan too requires some formalities for which documentation charges are levied. Service charge, Prepayment charges, Statutory charges etc are some of these. When you consider applying for a loan, always consider adding all these charges before making an decision of taking loan.


The decision of loan should be taken after you consider what all you need to arrange in order to take the loan. There are various services offered by banks and money lenders that help customers apply for a loan.

Note that the final decision of taking a loan should include you consent. Never sign off any documents without reading them properly.

Is Bitcoin a good investment?


Bitcoin is one of the most widely used. It’s a type of cryptocurrency. Bitcoin was created to fix some of the major flaws in cryptocurrencies. First, it was designed to prevent cryptocurrencies from being fraudulently duplicated. Virtual “coins” or “tokens” are used in place of physical cash in a cryptocurrency system. The coins have no intrinsic value and are not backed  by gold or silver.But Bitcoin is still unknown to the public.

 People think that, is bitcoin a good investment ? So the answer is that the high liquidity associated with Bitcoin makes it a great investment tool if you are looking for short-term profit.      Bitcoin’s overwhelming performance  as a currency and investment has attracted traditional and institutional investors alike.

Remember that no real money is withdrawn from your bank account when you make a transaction using a currency. Money only comes out of your bank account when you buy the coin, not when you shop with a coin. Like cash, the value of currency can fluctuate. Because of this, some investors are  excited about Bitcoin and other types of cryptocurrencies.

 However, as a result, Bitcoin regularly tests new highs. Bitcoin transactions are also instant, unlike  stock trade order processing, which can take days or weeks to complete.

You should invest between 5% and 30% of your investment capital in Bitcoin. Also, you can probably think ,that5% is very safe and 30% is fairly risky.

In addition, Bitcoin offers you the following advantages over traditional investments:

  1. Lower risk of inflation.

Unlike world currencies, which are regulated by their governments bitcoins.You don’t have to worry about your crypto losing its value.

  1. Liquidity

 Bitcoin is the global establishment of online trading platforms, exchanges and brokerage. You can easily and instantly exchange bitcoin for cash or assets like gold  with incredibly low fees. The high liquidity associated with Bitcoin makes it a great investment vehicle if you are looking for short-term Profits. Digital currencies can also be a long-term investment due to their high demand in the market.

3.Minimalist Trading

 You need a certificate or license to trade stocks. You must also go through a broker to trade a company’s stock. But bitcoin trading is minimalist: just buy or sell bitcoins on exchanges and put them in your wallet.

4.New opportunities

Bitcoin and cryptocurrency trading is relatively young new coins are becoming mainstream on a daily basis. This newness brings unpredictable swings in price and volatility, which may create opportunities for massive gains.


However, we have discussed about bitcoin and now you will know about is bitcoin a good investment or not.Bitcoin is a popular type of cryptocurrency that utilizes a large chain of interconnected computers to store and protect your digital assets.It is critical that you learn how to invest in Bitcoin responsibly before making any decisions. Be sure to diversify your investment to protect yourself from marketplace volatility.