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Can you change a home loan to a personal loan?  

Asked in Personal & Home Loans at 5:01 PM on January 12, 2009

Tags: home, loan, personal, loan

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Mansi Saini
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what is dept consolidation

charge would be applied on a property that is already mortgaged. In case you are unable to keep up with the payments the lender has the right to take the possession of your home. But a secured loan is a of your home. But a secured loan is a better choice than the unsecured loans....Hi NishaFalling into debt does not take a long time but coming out of debt is a tough task. People who often fall into debt

Posted in Computers & Technology by Nisha Dreamz at 3:05 PM on April 28, 2008
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Can i transfer the loan? I have the loan and I want to convert the personal loan in my fathers name

You will need to pay off the existing loan and take a fresh one in your father name. If you take a fresh loan from the same bank, the logistical problems will be less.Talk to the bank/ home loan problems will be less.Talk to the bank/ home loan company with whom you has the loan and request them the following: Ask them to approve a loan in your father name assuming they have no issues with your

Posted in Personal Finance & Tax by murugan s at 7:17 PM on September 12, 2008

I have taken a personal loan and i have some money in my home. loan taken 2 years bck and it i s5 year term is that good to close the loan account now?

it always better to close the personal loan as soon as possible. if u have got money than pay back ur loan amount immediately. The interest amount u r suppose to pay in rest 3 years would be like ur saving....Good to close if you have money at home, so that you can save the interest part for the next 3 years. The loan account will be calculated and the balance amount which is pending has to be settled

Posted in Personal Finance & Tax by Abhisek at 1:01 AM on March 06, 2008

What are the different documents required for applying for a personal home loan? What is the maximum limit that one can avail on personal loan?

,source of income,pay back capacity,proof of your residence,some references,etc...ID proof, address proof , salary slip , bank account statement, cheque leaves are the documents required to get a personal loan.you can avail up to 5 lacs as personal loan.

Posted in Personal Finance & Tax by gayatrirai at 8:43 PM on December 05, 2007
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