A three-digit number represents your credit report, called a “CIBIL Score” in India; it is linked with your Income Tax Permanent Account Number (PAN). Three hundred is the lowest possible CIBIL Score, and 900 is the highest. Therefore, the closer your CIBIL score is to 900, the better it is. However, if your credit score …
Read MoreThe 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 …
Read MoreThere’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 …
Read MoreThe 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 …
Read MoreMicro, Small, and Medium Enterprise loans (MSME loans) are special loans that small business owners and entrepreneurs can apply for. You can use the money for things like stocking up on supplies, upgrading to new machinery, paying employees, or even expanding your firm. Money is essential for the launch and development of MSMEs. The Indian …
Read MoreA business owner has dozens of challenges to face every day such as stock management, communicating with suppliers, keeping financial records, providing customer service, promoting the company, and the list goes on. In addition to these, monthly or quarterly GST return filling is a significant task that is time-consuming and needs lots of preparation and …
Read MoreStartups, which are dominating the global economy, need a lot of capital to grow. Two of the most common ways to secure capital are through equity and debt. Though they serve the same purpose, they are inherently different. When you borrow money from a lender with a promise to repay it with interest over time, …
Read MoreYou’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 …
Read MoreIntroduction The economy is turning cashless and the dependency on plastic money has been rising drastically. Debit and Credit Cards are used by almost everyone and have become one of the most convenient modes of paying money. Credit cards, especially, offer the choice of buying now and paying later which eases your shopping and payment …
Read MoreInvestment planning is a critical financial decision after considering factors such as your age, risk appetite and investment goals. While some investors prefer short-term investments, others go for long-term investment plans. Different types of Best Investment Plan With High Returns are available in the market and offer additional benefits. Choosing an investment option that best …
Read More
