Cash credit and overdraft are two types of financing provided to their customers by financial institutions. Both are used to prevent bouncing checks or declining debit cards if insufficient funds exist in checking accounts. Both cover inadequate funds, but usually one is used by businesses only whereas Overdraft can be provided to both Businessmen & …
What is the Difference Between Cash Credit and Overdraft? Read More »
A stable monthly salary for employees makes home loan convenient for them. Without such a guarantee, banks take tougher steps to measure the borrower’s ability to repay loans. In certain house loans which are not fully risk-free for banks, interest rates are always higher and the term shorter. Businessmen and landlords looking for a home …
The criteria for the funds and the time when to get funding are different for different industries. For e-commerce or technology start-ups, funding is needed after an early version of the product has been developed. However, for sectors such as manufacturing, construction, packaging, and others, proper machinery and equipment are required to help them carry …
Steps to take when applying for a machinery loan? Read More »
Applying for a small business loan can be a complicated operation. Not only is it necessary to arrange your documentation, but you must also give the lender significant transparency in your business. After that, waiting to find out whether you’ve been accepted or refused a loan can be a nerve-wracking thing. But how hard is …
While the distinction between a house loan and a property loan is evident by their names, many people are still confused about how these two function. As Individuals require of home loan for various purposes and There are so many products in the market Let’s start by defining each type of loan to get the …
At present, when someone is planning to take a Loan he/she has to Visit/Contact the bank or DSA /share the documents with the concerned Bank or DSA. In the process, many times file is log in to different banks which ultimately affects the CIBIL and also waste the precious time for the one looking to …
