by Sunil Srivastava | May 29, 2024 | SNP Finserv
1.Check your credit score:Your credit score is a key factor in determining the interest rate and terms of your car loan. Review your credit report and address any errors or issues before applying. 2.Determine your budget:Figure out how much you can realistically...
by Sunil Srivastava | May 24, 2024 | SNP Finserv
1.Debt-to-Income Ratio: Lenders typically look at your debt-to-income (DTI) ratio, which is the percentage of your gross monthly income that goes towards debt payments. Most lenders prefer a DTI ratio of 28-33% for the mortgage payment, and a total DTI ratio of 60% or...
by Sunil Srivastava | May 20, 2024 | SNP Finserv
Credit Score and History: A higher credit score and a strong credit history demonstrate lower risk to the lender, which can result in a lower interest rate. Businesses with poor credit scores or a history of missed payments may be seen as higher risk, leading to...
by Sunil Srivastava | May 16, 2024 | SNP Finserv
1.Access to Funds: A loan against property allows you to access a large amount of funds, typically up to 60-80% of the property’s market value, depending on the lender’s policies. 2.Flexible Repayment: Loans against property generally have flexible...
by Sunil Srivastava | May 8, 2024 | SNP Finserv
1.Loan Amount – Larger loan amounts typically have longer repayment terms, often ranging from 12 months up to 84 months (7 years). Smaller loan amounts may have shorter terms, such as 12-36 months. 2.Credit Score – Borrowers with stronger credit profiles...
