A Step-By-Step Guide For A Home Loan Transfer

Most housing finance companies offer ahome loan balance transfer as a housing finance service. This has been available in the market for quite some time now. However, you need to do this smartly. You cannot rush into these decisions as they can turn out to be expensive. Therefore use this step-by-step guide to select the right financial service for you.

Step 1- Consider all the options available:

Most borrowers do not research the home loan transfers holistically. However, it is a new home loan after all. So, you need to take similar precautions. Check out the organizations offering this particular product because all the organizations don’t offer it. Then, identify the most beneficial one that will suit your requirements perfectly. Are you getting lower interest rates or a no-prepayment-charges clause in the home loan transfer? Find out.

Step 2 – Focus on your requirements:

Why do you need to opt for a home loan balance transfer ? What are your requirements that aren’t being met efficiently withthe current housing finance company? Are you earning more and need the loan with no prepayment charges? Or do you want to be offered lower interest rates that are available to new borrowers? Are you interested in the top-up loan for home renovation? When you make a clear list, you eliminate some organizations by default. You will only select the housing finance companies that serve the requirements you seek.

Step 3 – Watch out for loan details:

You will need to check out the terms and conditions of the home loan agreement. You need to look at it as a home loan rather than just a home loan balance transfer because you do go through the entire home loan process again. You need to meet their home loan eligibility criteria. You need to consider the housing loan offer along with its terms and conditions. This is not optional. It should meet your financialsituation too. Simply put, an ideal home loan transfer will allow you to save more than the amount that you are spending on it, since you will spend on the legal fees, processing charges, credit score report, service taxes, etc. So, as long as you are profitable in this equation, it is a smart decision. If you are not profitable, you will have to say a “No.”.

Step 4 – Finalize the transfer:

If you are certain that you will be in a profitable situation, then you will need to obtain a NOC (No Objection Certificate) from your current lender. This is an additional document required for a home loan transfer. The submission of all the documents and signed application form will seal the deal. Though, you must realize that the NOC is non-negotiable and will not be issued by your current lender if you have defaulted any of your repayments. So, make this transfer swift by following up diligently for the same.

4 key-points for WhatsApp blasting softwares, you need to know while using

Everything changes, in the area of digital marketing, when you pitch leads by directly messaging them on their personal phone numbers.

Bulk messaging is surely one of the most lucrative and sped-up digital marketing options. Every business should be utilizing this important technique, to increase sales and brand popularity.

And, what is the best platform to practice bulk messaging on? Definitely, WhatsApp – the leading cell-phone messaging service in the whole world!

There are several WhatsApp blasting software names, which are currently roaming around in the market. But, should you be using them? Or should you be happy and content with creating multiple “Broadcast lists”, on WhatsApp, for sending bulk messages?

There are a few points you must know if you choose to use these text blasting softwares.

They’re all made by third-party developers, who are not working closely with WhatsApp. They are not pre-informed about any changes in WhatsApp messaging rules.
None of them holds any responsibility for violating policies.

Let’s get the 4 key-points straightened out,

before you take a glance at all those WhatsApp blasting softwares names.

Never message to non-WhatsApp numbers:
This is the biggest mistake you can make. First of all your brand reputation can be ditched, and then you will be losing leads.

If you message a non-WhatsApp number, the messages will be delivered to their cell-phone inbox, reading ‘this certain business, or person has invited you to WhatsApp’! This is seriously the last message anyone wants to receive!

Now, these WhatsApp blasting softwares don’t know ethics or keep these trivial matters in their logical thought processes! They just send messages! That’s what they are supposed to do.

Only the most advanced blasting software will help you filter out invalid WhatsApp numbers, before initiating a bulk messaging session.

Hence, be cautious!

Break the patterns of bulk messaging sessions:
WhatsApp algorithm is very intelligent. It usually considers any third party program or bot as a threat.

When you start to send bulk messages, you have to program and schedule it in the blasting software settings.

Your messages will be scheduled and sent accordingly. If WhatsApp notices, that the pattern is consistent, and programmed, you will be banned on WhatsApp permanently.

Therefore, check whether or not, the blasting software is giving you the freedom to schedule messages as per your preferences.

Only make a subscription to a software, after confirming this criterion!

And, once you are using it, make sure to change the schedules from time to time. This is highly mandatory.

Always use the updated version of WhatsApp marketing blasters:
WhatsApp regularly makes changes to its existing messaging terms and rules.

So all these softwares you are using, need to be aware of these changes. Because if anything happens, you will be held responsible by WhatsApp.

And, your brand reputation can be doomed.

Hence, in the swarm of all these flashy WhatsApp blasting software names, choose the one that offers regular updates based on any policy changes of WhatsApp.

Plus, any software should by giving updates anyway, because Operating System compatibility is a big issue for any application. Buy those that are supported on multiple OS versions.

Study the reports very well:
The last point is very critical.

Your bulk messaging software should be generating reports for every single messaging session.

And, these reports do work as case studies. You need to come up with the time and labour to check out which numbers are turning into leads, or are showing interest in your promotions.

How many have unsubscribed from the automatic messaging list, and how many have blocked you! All these insights are very important to look at.

Your marketing team needs to eradicate the pitches that are showing no returns; and pitch again to those leads, who have sparked a sign of interest.

To finish it off, I would like to say, that you need to be very careful while using these text blasting softwares for promoting your services and products, on WhatsApp.

One mistake, will make you suffer a big time!

Loan Against Property In India: A Brief Overview

A loan against property in India is not very common. In fact, the concept of loan against your home is taboo in most Indian communities. However, the fact remains, that property is a valuable asset and you can certainly use it to your advantage instead of opting for a humongous and unaffordable personal loan or a credit card debt. Thus, here is what you need to know about the loan against property in India .

What is a loan against property (LAP)?

This is a secure loan against an asset, pretty much like any other loan against assets. The interest rates for a LAP are lower than for unsecured loans like personal loans. The primary eligibility criterion is the value of the asset rather than the repayment ability or credit score. So, thisis much easier to avail for people, who are financially challenged at the moment.

What are the consideration factors for loan against property in India?

You will need to complete the standard loan application process with the required documents. You will also need to meet the eligibility criteria of the lending company. Nonetheless, when you apply for a loan against property with a housing finance company or a bank, you must do so with due consideration to the following factors:

• You will need to give time to the lenders in order to process the market value of your property, which varies from 5 working days to 2-3 weeks, based on the lending organization.

• The loan amount depends on the third party analysis conducted by the housing finance company. You will receive approximately 80% to 85% of the market value of the property, which will be decided by the lender.

• You can negotiate for competitive interest rates on the loan against property, if you have the required documents to demonstrate good repayment ability and credibility.

Thus, you can also receive a higher loan amount at lower interest rates by opting for loan against property. Additionally, you can enjoy more relaxed repayments as the monthly EMIs will be lower.

When is the right time to apply for loan against property?

In one sentence, when the loan amount is much higher than you can easily borrow. It is not advisable to risk your property unless there is no other choice available. If you can take a loan against shares, fixed deposits, gold or luxury items, you should. The cost of property is the highest among the several assets for most individuals. So, take a rough estimate of the market value of the property and if it is approximately the amount you need, then apply for loan against property. If you have other assets available, do include them in your consideration.