Loan Terminologies you must know
Using a loan to finance an expense whether it’s for an automobile purchase or home improvement project can be a smart decision. However, if you’re not familiar with certain loan terminologies, you might be at a disadvantage when it comes to evaluating a loan or comparing loans from multiple lenders. 1. Amortization The period of […]
Money Saving Ideas for Business
Every month, local entrepreneurs in my city get together and share their business experiences. Cutting business expenses requires some tough choices and trade-offs, but it doesn’t have to be a painful process, nor one that fundamentally alters your business plan. Many, many business owners before you have put to use these straightforward strategies to trim […]
Revenue Based Financing
As the start-up ecosystem in India strengthens, many new classes of capitals are being introduced. And of all the capital classes, both investors and entrepreneurs find revenue-based financing a distinct solution. Since its adoption in India in 2020, more and more start-ups and small enterprises (SMEs) are pivoting towards this financing option. That’s because it […]
Top 12 Tips to get Personal Loan in 2022
Personal loan is an unsecured loan. It does not require an asset to be offered as a security for the lender to provide you the loan. However, to ensure that you do not face a drawback while applying for personal loan, we have come up with a list of tips that you should consider before […]
Credit Card vs. Personal Loan
Usually a loan available on a fixed rate of interest, a personal loan is sanctioned for a given tenure of between 12 and 60 months payable via equal monthly instalments or EMIs that include the principal as well as the interest component. Personal loan for salaried individuals is more easily approved than those for self-employed people. A […]
Business Loan with low CIBIL Score or Bad Credit
The Indian economy is constantly growing with small businesses. Business loan seems like a dream come true. Sometimes, to avail a business loan in India, several challenges arise. 1. Secured Business loans Secured loans are where the person/s when starting a new business can pledge any asset like gold or property that they have as […]
Drawbacks of Business Loans
A small business loan may be their only means of turning their dream of business ownership into a reality. Some may turn to banks or credit unions to obtain the necessary funds. While a small business loan can get a business off the ground, it has certain pitfalls. 1. Tedious Application Process The application process […]
Co-Signer vs. Co-Applicant in Home Loan
Co-Signer of a Home Loan Co-signers usually come into the picture in a home loan if the primary borrower does not meet the eligibility criteria for a home loan because of a low credit rating. A high credit rating not only increases eligibility for a home loan, it also attracts lower interest rates as well […]
Ways to Protect Yourself from Online Fraud
Due to the restrictions on movement because of the COVID pandemic, there has been a push towards digital payments. We can see examples of the same in our daily lives. We prefer to make all of our payments digitally rather than a visit to the local Kirana shops, malls, and markets. The way people borrow […]
Senior Citizen Savings Scheme (SCSS)
A Senior Citizens’ Saving Scheme (SCSS) is a government-backed retirement benefits programme. Senior citizens resident in India can invest a lump sum in the scheme, individually or jointly, and get access to regular income along with tax benefits. Senior Citizens Savings Schemes can be availed by any individual above the age of 60 years. They […]