Catch Vehicle Thieves with GPS Tracking Device

GPS trackers have been used as a good vehicle protection system for years, and we have heard many stories about how GPS helped a person in getting his stolen car or how thieves ran away after finding a GPS system in the vehicle. Now most of the car rental companies install GPS trackers in their cars to give their customers a reliable and effective service as well as theft protection of assets and car.

Are you buying a Car? Protect it with GPS

Purchasing a new car is actually a big investment and that is the reason why ensuring its safety is essential. You can decrease the chances of theft by installing a GPS tracker.

GPS trackers are equally reliable for personal, public and business vehicles and should be installed in all of these. Whatever actions performed by thieves with the vehicle; the car owner will get an instant alert about all suspicious activities with the vehicle. The car owner can take further actions to track and catch vehicle thieves with GPS.

How Letstrak Assists in Vehicle Protection

Letstrak is a perfect solution to catch vehicle thieves by GPS. It is a vehicle tracking solution, which can be installed in vehicles for their management and monitoring. Let’s find out how it will help in catching vehicle thieves–

Letstrak has the feature of Geo fencing by which you can set a locality for vehicle movement. If the car runs outside of this area, you will get an alert about suspicious activity.
In the case your vehicle is stolen, you can track the location of the vehicle and can block the engine as well if the car stops at some specific place. After that you can recover the vehicle with the help of the Police.
By using Letstrak, you can get alerts for wrong vehicle path, location, too much halts or uneven speed. All these are signs for misuse of your vehicle. In this case, contact with your car driver.
Letstrak is available for cars, trucks, vans, buses and for bikes as well. Contact us for more information and details on this device and stay in touch with us for more features and stories.

Easy ways to Get Loan Against Property

Nowadays, apart from Banks, there are various financial institutions that provide financial help for business as well as personal use. Loan against property is a secured loan that is taken by using the property as a mortgage. This helps you make use of idle property and provides financial aid. Business owners are eligible for a loan against property, the only criteria being a business which has complete documentation. In addition, the age of the applicant should be minimum 25 years and the property should have a valuation of atleast Rs.50 lac.

Loan against property is a secured loan and has a simple process. The process is transparent and there is a simple documentation requirement which includes identity proof, address proof, income proof and documents of the property. It is a quick route to financing and highly preferred among most individuals. The interest rates are as low as 12% and the tenure can be adjusted according to the EMIs. The tenure can be as long as 15 years in certain cases. Thus, loan against property ensures that the ownership of the property remains with you and a mortgage on it can be used to get financial help for your business.

The applicant can use residential as well as commercial property for the loan. You can also use rented out property to pledge or use your own property. In addition, land, farm house, nursing home and hotels can also be used to pledge against the loan. The application process is quite simple. Compare the interest rates offered by different Banks and Financial Institutions before you make a decision. Then decide whom to approach for the loan, once you have made a decision, fill in the application form and submit the necessary documents and photographs to the lender. Any Bank or Financial Institution will verify the documents of the property. After verification, the lender will seek for valuation of the property and on the value determined after the verification, a loan amount will be settled. The loan amount is based on the value of the property. A certain percentage of the value is sanctioned as the loan amount to the borrower. Hence, higher the value of the property, higher the loan amount. The valuer will determine the market value of the property and on the basis of the same, the Bank or Financial Institution will sanction a loan amount.

The only drawback of the loan against property is the loss of property in case of default in the payment of EMIs. In this case, the Bank or Financial Institution can take legal action against the borrower and auction the property. The borrower is required to abide by the terms and ensure timely payment of EMI for a long term financial loan.

Why Short Term Guaranteed Loans are preferred to handle temporary urgencies?

Almost everyone is familiar with monetary crisis. The crisis itself emanates from the absence of disposable income. But when it comes to handling the crisis, it becomes somewhat challenging. This is primarily because you are not in a position to arrange the funds at a short notice. Well, there are alternatives available that you can consider. But it also requires you to have a perfect understanding of the prevailing circumstances. Since you are more concerned with your immediate financial needs, it is obvious that you will want to attain the funds in quick time. In this regard, the best you can do is to attain the option of short term guaranteed loans.These loans are meant to provide instant cash, which will then let you tackle the crisis with relative ease.

There are some valid reasons for deriving these loans, which are made available to all, regardless of the credit history and financial background. A few of them are as follows -

Hassle free approval at a short notice

Keeping in mind your financial requirements, you will always look for a quick way to sort out the financial mess. As such, it becomes necessary to avail swift funds. With the option of short term guaranteed loans, you end up securing easy funds in an instant. The loan amount made available is deposited in to your bank account. Since the entire application process takes place online, it provides you with a medium to apply for the loans without any paperwork. This of course saves your precious time.

No for any collateral or guarantor

As far as short term loans are concerned, you are not required to involve any asset as collateral. The collateral free approval in a way allows you to complete the transaction, without having to undertake any risk. Apart from speeding up the processing of the loans, the quick approval lets you resolve the situation in the best possible way.

Besides, people with bad credit history can also apply for the funds. The option of bad credit short term loans with no guarantor offers them with an opportunity to retain their financial freedom. While the interest rate charged on the loans are marginally high and the repayment tenure small, by making effort to clear the dues on time will further help you to improve the credit score.

No restriction on using the loans

In most cases, the lenders do place certain limitations on the borrower on how to use the loans. This really makes it difficult to deal with the crisis. However in the case of these loans, there is no such restriction. You are free to use the loans, without having any interference from the lender.

Apply only if you have no other alternative

Short term guaranteed loans do provide the funds to deal with temporary financial crisis. But with the loans being expensive, it can be a headache when it comes to repaying the amount borrowed. If you are trying to avail these loans, then make sure to abide by the terms. In fact, you must go for these loans only when you have exhausted all the options. For you own good, it is a must to avail the loans with some responsibility.