Providing Your Family with the House of their Dreams
Providing Your Family with the House of their Dreams
Providing Your Family with the House of their Dreams Service By WinRich Professional Services Pvt Ltd
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What is a Site Purchase Loan?
Land Purchase Loan or Site Purchase Loan is a unique financing option to help you buy a plot of land for residential construction. While owning a home is the ultimate dream you live, having a house with every detailing designed as per your needs can be more satisfying.
Land Loans can help you buy the plot of your choice effortlessly. It is different from a Home Loan in the sense that Home Loans are offered to buy a ready-to-move-in property. But, a Loan for Land Purchase covers every aspect of the purpose effectively.
This loan to buy land can be your perfect option in two cases:
- If you plan to buy a resale plot
- If you plan to purchase a piece of land through direct allotment
Apply for this customised secured loan and avail maximum features and benefits.
What does Site Purchase Loan cover?
- Death due to medical condition/natural death
- Accident related death
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Bangalore, Karnataka
Our Services are available in Mumbai, Pune, Satara, Kolhapur, Delhi, Gujarat and surrounding areas.
Benefits of a Site Purchase Loan:
- Loan amount of high value: A salaried individual can avail a Plot Purchase Loan of high value up to Rs. 3.5 Crore. Avail this loan from Finserv in any of the top Indian cities.
- Flexible repayment tenor: Repayment of this loan to buy plot is made easier with flexible tenor extending up to 240 months.
- Instant approval of land loans: No more waiting for days to get your loan approved. With Bajaj Finserv, fill up the online application form, and get your loan approved instantly within 5 minutes.
- Quick and easy loan disbursal: We understand the need for immediate payment when purchasing a plot of land. Avail quick and easy disbursal of your Plot Purchase Loan within 72 hours after the approval of your application.
- Exclusive balance transfer facility: Fast processing and minimal documentation make refinancing your existing land purchase loan easier with Bajaj Finserv. If you have already taken a plot purchase loan, choose to transfer the outstanding amount for a comparatively lower rate of interest and attractive top-up loan. It comes with additional features like part-prepayment, foreclosure, etc.
- Easy accessibility to loan account online: Access the status and details of your loan for residential plot purchases anytime and from anywhere through online account management. Easily check information related to your loans like the schedule of payment, payment tracking, and all other related information through the digital portal or Baja, Finserv App. To get instant access to this online account, simply log in with the right credentials.
- Top-up loans with no documentation: Meet other financing needs effortlessly using a top-up loan of high value. The amount is over and above the existing loan amount and can be availed with no extra documentation. Also, the interest rate for the top-up loan is nominal. Use the Home Loan EMI calculator to know your monthly outflows beforehand and apply for the required amount accordingly. This loan also includes tax benefits. You can claim a deduction on the principal amount of up to Rs. 50,000 and up to Rs. 2 lakh on interest amount for a given financial year under the Income Tax Act.
Unit Linked Insurance Plan
ULIP is both an insurance policy and an investment
Endowment Policy
Protecting your home with insurance will give you a sense of security
Moneyback Policy
Ensure protection for your family along with options to get money back*
Guaranteed Income Plan
A guaranteed income plan packs a variety of options and benefits that can help you get peace of mind once you retire
Why is it important to get a Site Purchase Loan?
Even before laying the foundation of your dream house, you have to invest in the land on which you will build your house. A plot loan is the financial backing that will enable you to acquire a piece of land on which you can construct your home.
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Expenses of Family
Contrary to your pre-conceived notions, a term insurance plan is an absolute requirement. The financial security which the plan can provide cannot be found elsewhere. If you believe that the plan is not very important ask yourself the following questions. Find out if you can afford not to have a term plan.
Home loan EMI default
No one takes a loan with the intention to default, but many things can go wrong during the tenure of a loan, especially a long-term loan like home loans. The responsibilities as a borrower start after the loan is disbursed. One has to pay a fixed instalment every month, which includes a part of the principal amount and the interest. For instance, if you avail a home loan of Rs. 25 lakhs at 9% interest for a tenure of 20 years, you will be paying Rs. 22,525 every month. The liability remains until the entire loan is paid off.
The family of the borrower becomes the primary sufferer especially in the case of default due to death of the primary bread earner. Term insurance for a home loan can help you ring-fence your family from the liability in your absence. Term insurance plan for a home loan can help you protect your family in your absence. Basic term insurance against home loan could help in the event of the insured’s premature death and provide funds for the repayment of the loan.
Loan
A loan can get you and your loved ones the comfort of a car and security of a home, and many other things. However, your real responsibility begins only after taking the loan. You can repay the loan till you are alive and working. But have you given a thought about what your family would do in case something unfortunate happens to you before you repay the loans?
To ensure that the equated monthly instalments (EMIs) are paid on time, you need a backup plan to take care of your liabilities when you are not around – for this, you need an equivalent insurance cover against the loan. A term insurance plan can be the ideal solution in such a situation. A term insurance plan is a type of life cover which provides security to your family in case of an unfortunate event at just a nominal cost.
You can get an extensive cover of Rs 1 crore at an approximate premium of up to Rs 12,000 for a year. However, the premium amount will depend on the policyholder’s age and lifestyle. Smokers have to shell out more for the same amount of insurance cover.
Importance of Term Insurance for Businessmen
Most individuals aspire to be an entrepreneur or a businessman and break the vicious 9-5 monotonous jobs cycle. They seek independence in professional decision-making. This sense of ownership and responsibility often results in tremendous financial growth both for the person and business. However, this also means that as an entrepreneur, you are entering into a high-risk zone. In order to cushion the risk, mere safeguarding your business is not sufficient, you also need to financially protect yourself.
This is where term insurance comes into the picture.
Importance of Term Insurance for Businessmen
1. Asymmetrical Income Source
2. Business Liabilities
3. Financially Dependent or Non-Earning Spouse
4. A Hassle-free Safety Net
5. Economical in Nature
This is where term insurance comes into the picture.
Importance of Term Insurance for Businessmen
1. Asymmetrical Income Source
2. Business Liabilities
3. Financially Dependent or Non-Earning Spouse
4. A Hassle-free Safety Net
5. Economical in Nature
Home loan EMI default
No one takes a loan with the intention to default, but many things can go wrong during the tenure of a loan, especially a long-term loan like home loans. The responsibilities as a borrower start after the loan is disbursed. One has to pay a fixed instalment every month, which includes a part of the principal amount and the interest. For instance, if you avail a home loan of Rs. 25 lakhs at 9% interest for a tenure of 20 years, you will be paying Rs. 22,525 every month. The liability remains until the entire loan is paid off.
The family of the borrower becomes the primary sufferer especially in the case of default due to death of the primary bread earner. Term insurance for a home loan can help you ring-fence your family from the liability in your absence. Term insurance plan for a home loan can help you protect your family in your absence. Basic term insurance against home loan could help in the event of the insured’s premature death and provide funds for the repayment of the loan.
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WinRich Professional Services Pvt Ltd
Our services are available in Bangalore and surrounding areas.
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Bangalore, Karnataka
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