An important aspect of your financial portfolio depends on the way you manage your finances especially loan which are to be paid off on time. Let’s know more about it.

  1. Make sure to make the loan repayments on time. If you are not able to pay up the regular dues try to make smaller payments towards the loan. Avoid chances of default as this will lead to a bad or low credit rating and thus more pressure on you to settle the loan.
  2. If you can make additional income or have extra savings divert them to settle your loan. This will not only help you stay updated with the repayments but also ensure that you are able to finish off the debt faster.
  3. When you take the loan from leading lenders such as NBFCs you can get it refinanced. This simply means that as an existing customer of the loan you can opt for the Balance Transfer facility. The loan gets moved to a new lender who offers a lower rate of interest on the loan against property and thus helps to reduce its monthly instalments.
  4. Additionally, major lenders offer the loan with the Flexi Hybrid feature. You can take benefit of this facility which allows you to lower your monthly EMIs by up to 45% and pay just the interest-only EMIs and manage the loan well.




It must be understood that the loan against property is a smart financing option which lets you liquidate your fixed assets. When managed well it not helps to suffice financial needs but make the best use of fixed assets without having to let go of them.