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Get group discount on loan deals

india Updated: Dec 10, 2011 01:16 IST

If you are seeking for a loan proper research should be done before taking any step. Here are some tips to get group discount on loan deals.

1. Research is required: To begin with, browse through websites that facilitate group deals on loan products. Ask some banks also if they are offering any such deals.

2. Become a user: If you find a website that promises to offer discount on group loans, then register yourself on the website and become a user to understand its terms and conditions better.

3. Form groups: Many websites offer the choice of forming groups online also for the discount deals. If you find such an option, zero in on the deal of your choice and press join the deal button. This will reveal your preference for that deal and as the group reaches a certain number, it gets activated for you to avail the discount on your loan requirement.

4. Streamline your search: If you are looking for loan on property, start by identifying the location you reside in. This will allow you to get deals from your preferred location and will help you zero down on the property in less time rather than being flooded by numerous choices.

5. Opt for the right loan category: Choose the loan category that works best for you. Most websites offer multiple category loans such as home loan, loan against property, personal loans and business loan. So, pick an option that suits you the most. Consult your financial advisor too, on the matter before you make a big decision.