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Distinction between Secured and Unsecured Loans

Distinction between Secured and Unsecured Loans

Several banking and non-banking structures in a country offer the loan service. The main purpose of these loans is to fulfil the credit needs of the person. The loan can be granted for several reasons like home loans, business loans, car loans, etc.  These loans are segmented into two categories further depending upon the security …

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Why Have Unsecured Business Loans Become So Popular in India

Why Have Unsecured Business Loans Become So Popular in India?

Unsecured Business Loans are loans that are offered without any collateral. These loans do not require security. They are short-term, small loans provided to cover periodic expenditures, raw material costs, and vendor payments, i.e., these loans are used for working capital management. Furthermore, these loans are also be used to expand a business. However, since …

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Retail Business Financing Options

Top 5 Retail Business Financing Options

Are you a retail business owner? Or someone who’s planning to do so? If yes, this article is for you! Operating retail businesses can be a challenge, albeit with plenty of growth and scope for success.  As a retail business, you might need funding for a variety of purposes. From purchasing inventory to marketing and …

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What Happens If You Don't Pay Your EMI?

What Happens If You Don’t Pay Your EMI?

Getting a term loan for business has become easy, particularly after the emergence of fintech NBFC companies offering loans in the simplest way possible. Everything happens online with little or no physical interaction.  That flexibility and versatility of the loan process without any collateral requirements is enticing people availing loans without much prudence. However, do …

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All that MSMEs Need To Know About GST

All that MSMEs Need To Know About GST

Introduction to MSME and Taxation For nearly half a century, small businesses and enterprises in India paid their taxes under the purview of many laws, including the most recent VAT or Service Tax. Since July 1, 2017, all registered businesses have been mandated to comply with the norms of Goods and Service Tax (GST). This …

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Experian VS CIBIL

Experian VS CIBIL: Major differences

For those who require credit regularly, having a good credit score is essential. When applying for a business loan or a credit card, the lender will always check our credit rating before granting the loan. The score will determine the terms and conditions of the loan, such as limit, interest rate, and the repayment period. …

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Small Business Ideas in India for Entrepreneurs

Small Business Ideas in India for Entrepreneurs

A monotonous, 9-5 job isn’t for everyone. For some people, the sky’s the limit when it comes to choosing what they want to do with their lives, and this ambition may not necessarily fit into an office cubicle. If you have always dreamt of owning a business, now is the right time to take that …

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