Fair Loans Australia
The bank will also check your credit history through the Credit Facts Bureau India Ltd (Cibil) and go through your repayment track record. Based on your credit score and the above documents, the bank will ascertain your repayment capacity. In case you have ever defaulted on any bill payment, it will reduce your chances of getting a loan. After the bank is satisfied with the paperwork, it will offer you the loan, which will typically range from 40-70% of the value of the property.
Personal Loan: You should go for a personal loan only if there is a crisis, as the rate of interest is more than 15% in addition to the processing fees. The rate of interest can be negotiated further by offering collateral and furnishing details of credit strength, income flows, etc.