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Loans can be a powerful tool for realizing personal and professional aspirations. Whether it is buying a home or setting up a business, loans can provide individuals with the financial support they need to make their dreams come true.
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Loans can play a crucial role in helping people achieve their goals and dreams, by providing them with the financial support they need to make their aspirations a reality.
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The business owner’s financing position also plays a key role in the prospects of loan approval. Having said that, it doesn’t imply the borrower must have a clean credit history. Well, having one always helps but it may not be guaranteed.
Read MoreDecember 20, 2022 , 02:51:pm
Loans availed against gold items come with the flexibility of repayment. Most lenders do not charge any prepayment fee on such loans after completion of the minimum tenure.
Read MoreDecember 20, 2022 , 02:51:pm
A higher credit score indicates better creditworthiness of the borrowers. This means the higher the credit score, the more the chances of the business loan getting accepted.
Read MoreDecember 20, 2022 , 02:51:pm
Gold loans were offered by only jewellers, but this was the case several years ago. As more and more institutionalised lenders emerged, they took place as prominent players. Additionally, gold loans offered by jewellers are not legally bound.
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Business loans are a vital tool a business can use to raise capital. One of the many benefits that business loans bring is that they are tax-deductible.
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Minting coins has been the cornerstone of every developed economy since physical currency became the primary method of financial transactions.
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While picking the lender, borrowers should evaluate who is offering the lowest interest rate, what are the loan repayment terms, what is the processing time of the loan and are there any additional charges on the loan.
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Gold loans carry a lower rate of interest, starting as low as 7-12% per annum depending on lenders, it is ideally preferable over a general personal loan or credit card debt.
Read MoreNovember 8, 2022 , 02:51:pm
A working capital loan is a type of e-commerce finance that covers daily business expenses
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A gold loan provides the necessary funds to a borrower against gold items. The loan amount is a specific percentage of the total gold value offered as collateral
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Gold ornaments have high market value, and they work as a safety net during financial emergencies to raise instantaneous funds through gold loans
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A business loan calculator EMI allows borrowers to calculate their monthly financial obligations accurately.
Read MoreNovember 7, 2022 , 02:51:pm
Short-term business loans have a brief loan tenure, often just a few months. Short tenure means an entrepreneur can repay the loan in fewer EMIs than a long-term business loan.
Read MoreSeptember 8, 2022 , 02:51:pm
A secured loan needs to go through a process where the lender assesses the value and ownership of the property being pledged as the loan amount and disbursal depend on it.
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A budding entrepreneur has several options to choose from when it comes to availing financing for their fledgling business. There is a vast market of lenders from which a business owner can choose to borrow money.
Read MoreAugust 31, 2022 , 02:51:pm
The down payment minimizes the overall borrowed amount and the borrower can also save on the interest payments during the tenure of the loan. A bigger down payment can dramatically reduce the loan burden, but it could result in depletion of emergency reserves and lower liquidity.
Read MoreAugust 27, 2022 , 02:51:pm
MSMEs in India face significant challenges in availing business loans. From collateral requirements to lengthy paperwork and a general lack of trust or interest among big lenders, MSMEs often struggle to take on business loans.
Read MoreAugust 27, 2022 , 02:51:pm
A retail business loan is tailored to meet the needs of shop owners or other retail establishments. Retail business loans can be availed not just for basic stocking of the shop shelves but also to add staff, spruce up the outlet to make it more appealing for a customer, adding another branch and for reaching out to a new set of customers to expand sales.
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