Loan Settlement

Effects of Loan Settlement On Your Credit Score

Life is unpredictable; there’s no denying that. We apply for a business loan and intend to pay it back completely within a stipulated time. But sometimes, that becomes impossible. The reason could be unemployment, serious injury, or long-term disease. In such cases, repaying the loan is not easy. If you approach your lender with such …

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business loans

Why MSME Loans Are Better Than Liquidating Your Assets

Starting and running a business requires a steady capital flow, and there’s no denying that. Everyone needs a lump sum amount ready when building a new business from scratch. Most business people save up that amount from years of financial planning. In contrast, others decide to start with an MSME business loan. Both methods have …

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CIBIL dispute

What is a CIBIL dispute? How to Resolve Issues?

Introduction The primary eligibility criterion for every business loan application is the three-digit CIBIL score. The CIBIL score reflects the creditworthiness of the loan applicant. One must review their CIBIL report before applying for a business loan. Sometimes, discrepancies in the CIBIL score report can affect the borrowing ability of an applicant. Such issues warrant …

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Get A Small Business Loan Without Collateral?

How To Get A Small Business Loan Without Collateral?

The loans taken for expanding or managing the business costs are referred to as business loans. Small business loans are usually taken by startups who don’t have the necessary funds to initiate a business. Even established businesses can apply for these loans to manage sudden expenses or emergencies. Banks, NBFCs (Non-Banking Financial Companies), and other …

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Current vs saving account

Current vs. Savings: Does My Account Impact My Business Loan?

There’s a common misconception that a business must have a savings account to get approval for a small business loan. However, when you apply for business loan the type of account your business has—savings or current—doesn’t impact your loan eligibility. Rather, lenders will look at your business’s financial history and cash flow to determine whether …

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India's top NBFCs

What are NBFCs? Which are India’s top NBFCs?

The non-banking financial companies (NBFCs) are those organizations regulated by the Department of Non-Banking Supervision (DNBS) of the Reserve Bank of India (RBI), which are allowed to extend credit services to consumers and businesses. The NBFCs have been offering their clientele products like loans, credit cards, insurance, investments, and other services. Top 10 NBFCs in …

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Business Loan Principal

What Is a Business Loan Principal, and Why Is It Important?

You’re always looking for ways to grow your business as a business owner, aren’t you? One way to do this is to obtain a loan. Business loans are a popular financing option for small businesses. While the terms and conditions of these loans vary, one key element is always present: the loan principal. This article …

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saving schemes

Top 10 Savings Schemes in India With The Highest Interest Rate

Saving money is an essential financial habit that everyone should develop. It helps you in times of need and enables you to reach your financial goals. While there are several ways to save money, investing in a savings plan is one of the most effective methods. A savings plan or Saving Scheme is a life …

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PMEGP Scheme List

Introduction The Prime Minister’s Employment Generation Programme (PMEGP) is a credit-linked subsidy program of the Government of India that aims to generate employment opportunities by establishing new micro-enterprises. The program provides subsidies in interest rate reimbursement and capital investment subsidy to encourage entrepreneurs to set up new businesses. In this article, we will discuss the …

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How to Use Credit Cards for Business

How to Use Credit Cards for Business

Businesses need credit cards for a variety of reasons. They may need to make large purchases, such as equipment or inventory, and may not have the cash on hand to do so. Credit cards can also help businesses manage their cash flow by allowing them to make smaller purchases over time. Additionally, credit cards can …

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