There’s no one single cheapest way to borrow money—a variety of factors can influence what interest rate you’ll pay—some based on the lender/type of loan, others on your situation. If you can’t go to a relative or a friend to borrow money, the best places to borrow money include: An FDIC-insured bank: It’s a source of …
Loans can be utilised for various things in today’s world. It can be used for funding a start-up to buying appliances for your newly purchased house. Most banks offer personal loans to their customers and the money can be used for any expense like paying a bill or purchasing a new television. Generally, these loans are unsecured loans. The …
Can I Get A Bank Loan If I Already Overdraft You probably have the option of an overdraft if you have a current account. This additional coil can be very useful, but it can have an impact on your credit score. What exactly is an overdraft? Overdrafts are a type of credit on your current …
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 …
What is the Mudra Loan? The Honorable Prime Minister’s program, launched on April 8, 2015, for loans of up to 20 lakhs to non-corporate, non-corporate, small/micro enterprises is Pradhan Mantri MUDRA Yojana (PMMY). This credit is known as a PMMY MUDRA loan. Commercial Banks, RRBs, small banks, MFIs and NBFCs provide those loans. Â Types …
You work hard and you get into a top university. You are all set but then comes the dawning question of the finances. Let’s face it, Quality education is a must for a prosperous and full life. For several, this is equivalent to graduating from the top institution. Although best education is a priority, nevertheless, …
If it’s an unavoidable situation or an occurrence you want to schedule,a sudden financial deficit or a medical emergency, financial requirements are constant! If you’re caught off guard by such financial deficiencies, what’s the best solution? With monthly expenditures lined up, do you see any room for extra transactions or unplanned expenses? Not at all, …
