what loan can I apply for and where if my dad is retired and is aged above 60 and mom's a housewife. The only source of income being rent received. PLS, i need help ASAP...
2006-08-17 01:04:06 · 6 answers · asked by sweet_n_nice25 2 in Business & Finance ➔ Personal Finance
Need not to worry, go to Natinalised bank like Allahabad Bank, Union Bank, Inidan Bank or J&K Bank ...
They provide loan against receivable rent !!
2006-08-17 01:24:27 · answer #1 · answered by romesh_model 2 · 0⤊ 0⤋
If you need the loan for higher education you can go for a study loan. You may have to mortgage the house. If the loan is for some other purpose, you can still get a loan against future rents receivable but you will have to mortgage the house. Check with private or cooperative banks they have less stringent requirements. If I were you, I would try ICICI Bank.
Hope this helps.
2006-08-17 01:20:29 · answer #2 · answered by Indian 2 · 0⤊ 1⤋
You havent mentioned whether you are working or not. If you are working and have a salary account with a bank, then that bank can easily give you loan based on your existing relationship.
But with rent being the only source, it might be difficult. You can approach a bank with which already you have relation and try. Since you say you get rent then property based loans should be easy for you to get.
2006-08-17 01:12:47 · answer #3 · answered by Indian_Male 4 · 0⤊ 1⤋
First of all you will need to complete all formalities/ Get to any bank and they will be very glad to offer a loan to you. ...... get some for me too.
2006-08-17 01:10:31 · answer #4 · answered by itsme 2 · 0⤊ 1⤋
May be a personal Loan..........
2006-08-17 01:13:12 · answer #5 · answered by doable_rods 5 · 0⤊ 1⤋
please first go to your bank and ask them ...they must guide you
2006-08-17 01:08:28 · answer #6 · answered by anuj563 2 · 0⤊ 1⤋