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April 23, 2018by Team CapitaWorld0

INTRODUCTION

In an ideal scenario, everybody in this world would have enough money to meet all his needs. Unfortunately, this statement doesn’t hold true in reality.

To fill the gap between resources and aspirations, you need to take a loan. After taking loan every borrower realizes that after paying EMI year on year, your loan is not coming towards its end.


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Introduction

Buying a house is a once in a lifetime decision for many of us. With the heavy fluctuations in property prices, availing a home loan becomes a solitary choice for the majority of future loan borrowers.
To make things easier for you, we have compiled a list of 10 most useful tips, which you need to consider before availing a home loan for yourself:


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February 19, 2018by Team CapitaWorld0

INTRODUCTION

Before extending a loan to the customer, the loan application passes through various stages, which are:

a. Collection of all required documents from the customer. In the first place, the lender verifies the authenticity of documents.
b. Check past repayment behaviour in his/her credit report.
c. Visit office or residence or both. It is known as CPV, PD or PV in the lending industry.
d. Confirm customer phone number through calling random times in a day.
e. Use other credit policy parameters (age, residential area, geographical limit) & loan eligibility calculator to arrive on the final loan amount.
f. Final decision (approval or rejection).
g. Approval is followed by disbursement.


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February 13, 2018by Team CapitaWorld0

“Congratulations !!! You are eligible for 5 lakhs of pre-approved loan.”

Sounds familiar.

You must have received a similar type of SMS/Email messages many times in last few years. Are you confused, why you are getting such offers? The answer is, it is actually a promotional activity carried out by lenders to meet their sales targets.


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February 5, 2018by Team CapitaWorld0

Introduction

In the present scenario, CIBIL Score is gaining more and more attention from lenders and customers. But, even after a decade, the concept & functionality of CIBIL score has remained a mystery for most of the customers. Due to lack of clear understanding of the concept, a variety of myths & misconceptions are surrounding it in people’s mind.


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