Posts Tagged ‘Military’

Difference Between Mortgage Loan And Reverse Mortgage Loan

September 28th, 2022

Mortgage means to place collateral. Therefore,Guest Posting mortgage loan in home loan industry is the loan taken against the property pledged as collateral. The mortgage loan is beneficial in comparison to other instant loans such as personal loan and business loan because of its rate of interest, processing fees, foreclosure charges & closure conditions, etc. Also referred to as Loan Against Property, a mortgage loan is taken to meet the personal fund requirements such as children education, child marriage, medical treatment, business expansion, etc. The mortgage loan by lender Bank/NBFC/HFC is provided only to those borrowers who has a regular flow of legal income and is within the maximum retirement age 60 years. As a result, the senior citizens were excluded from taking the mortgage loan. Hence with the view of extending the benefits of mortgage loan to the elderly the Union Government of India introduced the concept of Reverse Mortgage allowing them to borrow the funds through property mortgage, to meet their financials requirements of day-to-day expenses and increasing cost of medical treatments.

Difference between Mortgage Loan & Reverse Mortgage Loan

Sr. No.

Mortgage Loan

Reverse Mortgage Loan

1

Meaning

A mortgage is a type of secured loan as it is secured against the collateral provided. The collateral means pledging of property to obtain the loan.

Loan for senior citizen above 60 years to avail regular/periodical payments from Banks/ NBFC against the mortgage of their house while still retaining the ownership of the house and occupying the same.

2

Who Can Apply

Salaried and self employed individuals.

Retired, senior citizens above 60 years.

Cash Loan in London UK – Quick Money Till Payday

April 20th, 2022

Quick cash loans are certainly needed in this uncertain life. Even though we already make a complete budgeting from our salary, we sometimes need some small extra money in some particular moments. In order to handle your financial emergencies, quick cash loans are the best way to fulfill your short term needs such as daily expenditure, unpaid bill, etc. Cash loan in London UK has slight differences with payday loans in the US.

UK quick cash loans are quite unique since they almost don’t have any requirement at all. They need no security on loaning you some money. They are really open to any applicant, whether you have good or bad credits on your record. They are also very flexible regarding on their repayment terms. You could still discuss further more with the lender to have extension payment on valid grounds, but please advise the loan lender earlier whenever you have some difficulty on payback the loan amount. After you acknowledge of all this amusing requirements, I am confident that you quite agree with me that you can depend on this kind of loans whenever you need a quick cash on your hand within 42 hours.

Despite all their unique facilities, you should be aware that this cash loan comes with a higher rate of interest. This is because the basic idea of London cash loans exist is to provide urgent financial inadequacy. People urgently need this kind of loans in quite short moment in order to encounter their financial crisis in a middle of the month. This kind loan also has borne all the risks from their unsecured requirements above. So this high rate still considerable for these reasons.

If you take a look around on how much interest rates that other loan lender offers, you will then acknowledge that online cash loans have much benefits available for you. You only need to choose quick London cash loans that satisfy your needs just by a click away. At the end you will find this rate above is considerable enough. As an emergency cash loan, a quick cash loan need to be easily accessible and acquiring fast approval process. That is why you can always find application form being provided in every cash loan companies online. Just by giving simple information such as names, age of 18th at least, checking account to wired your loans, and regular job.

In just a short period after you submit you application form, you will easily qualify to have money loans transferred to your account from 100 -1000 pounds. What I mean by easily qualify here is because they include bad credit holders also. If you are a new applicant, you can only borrow up to 500 pounds for the first time.

Quick cash loan in UK will need you to pay back your loan amount within one or two weeks after. Whenever you have difficulties on pay back the loan on time, you can talk to the lenders to have repayment extension to the next agreed time. But please remember that this extension repayment will cost you with some interest also.