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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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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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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 , 08:43:am
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.
Read MoreDecember 20, 2022 , 08:43:am
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 , 08:43:am
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 16, 2022 , 08:43:am
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.
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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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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.
Read MoreNovember 16, 2022 , 08:43:am
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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A business loan calculator EMI allows borrowers to calculate their monthly financial obligations accurately.
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A working capital loan is a type of e-commerce finance that covers daily business expenses
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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
Read MoreNovember 16, 2022 , 08:43:am
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 , 08:43:am
Unsecured business loans provide flexibility on this count and, therefore, repayments are a less stressful affair.But unsecured business loans come with several benefits of their own that make it a popular form of availing debt capital.
Read MoreSeptember 8, 2022 , 08:43:am
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 , 08:43:am
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 , 08:43:am
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 , 08:43:am
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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