What are the various types of loans that availAloan.com provides?
• Home Loans • Land Loans • Home Improvement Loan • Office Premises Loans • EMI under Construction • Balance Transfer • MoneySaver • Top Up Loan • Loan on Phone • Home Equity Loans • Property Overdraft • Lease Rental Discounting • Home Equity – Plot • Home Loan for NRI 14. What is a Monthly Reducing balance? An Equated Monthly Installment (EMI) has 2 components, interest and principal. When the interest is calculated on monthly rests, the principal on which the interest is charged goes down every month. This results in a significant saving for the customer over the tenure of the loan. 15. When can I apply for a loan? Your search for the perfect home loan ends here at availAloan.com, even before your have found the perfect property. The moment you decide to buy a home, you can put in your application for a home loan. Yes, you can apply for a home loan even before you have selected the property. The loan amount would be sanctioned or approved for you, based on your repayment capability.