The sharp popularity of telemedicine in India has made it mandatory for doctors to incorporate the same into their practice to gain a competitive edge in the field. However, setting up a telemedicine unit on average costs around Rs.25 lakh to Rs.35 lakh. Above all, medical professionals have several other expenses that mandate an increase in cash flow. To remedy the situation, professionals often apply … Continue reading Why Healthcare Financing has Become Crucial for Doctors?
The number of MSMEs in India crossed 6.3 crore in India in 2020. Nonetheless, the shortage of funds to mitigate various expenses can often prove to be a real challenge for small business owners. To bridge this financial gap, several lending institutions of the country offer MSME loans that cater to businesses’ unique financial needs. Before opting to apply for MSME loan, it becomes imperative … Continue reading Benefits of An MSME Loan for Small Businesses
India’s business loan segment registered a 6.7% growth in September 2020 when compared to that of the last financial year. Access to affordable credit has stimulated the growth of MSME sector in India. Nevertheless, before applying for credit, entrepreneurs need to keep in mind some pointers to help them make a better decision. At first, individuals need to consider their credit score, both personal and … Continue reading Things to Consider Before Availing Business Loans
Similar to how borrowers choose between unsecured and secured loans to meet their financial requirements, business owners have the liberty to select a suitable financing option for their company. Owing to the popularity of the small and medium industry sector, financial institutions now extend MSME loans alongside traditional business loans to aid entrepreneurs. Nevertheless, irrespective of being a mode of credit, these two are distinct from each … Continue reading Know About The Difference Between Business Loan and MSME Loan
MSME full form – Micro, Small and Medium Enterprises, are growing gradually over the years. The ready availability of business loans is one of the reasons for this growth. Simultaneously, the threat of NPAs is also rising. Therefore, to reduce the delinquency rate, lenders set strict eligibility criteria that borrowers have to fulfill to be eligible for the funds. Firstly, individuals need to know that … Continue reading How to Expand Your Business with Small Business Loan?
Medical practice loans provide financing to doctors, specialists, physicians, and other healthcare professionals to assist them in their financial shortcomings. These funds can be used for equipment financing, setting up a new medical practice, expanding an existing one, meeting operational costs, and so on. Financing options such as medical equipment loan is extended to professionals for the purchase, upgradation, maintenance of different machines and tools. … Continue reading Best Medical Practice Loans for Physicians
Working capital is the fund that an organization utilizes to pay for its everyday operations. It is an essential part of all business organization regardless of its size. So, organizations need to have an idea regarding what is working capital. For instance, an enterprise requires working capital for payment of rent, clear utility bills, purchase inventory, etc. Thus, businesses with inadequate working capital should consider … Continue reading Working Capital Loans – Necessary Things You Must Know in 2021
Applying for a credit card is not a difficult task. If you want a reliable card that is secure and safe to use for all your purchases, you can apply for the Bajaj Finserv RBL Bank SuperCard. The card has amazing features that will let you enjoy shopping, taking care of your financial needs, and being your pal in an emergency. You can apply online … Continue reading The best card with low-interest rates
India’s MSME industry has long been the key driver of the country’s manufacturing prowess. Throughout 2020, this industry has seen significant growth, despite a slow economy and slouched international relationship. The availability of new business loans, extended by various commercial lenders at attractive terms, has provided the necessary monetary backing to fuel the growth of this sector. Several new schemes introduced by the Government of … Continue reading How to Get Quick Business Loan for Your Organization?
Over the past years, non-banking financial institutions have evolved tremendously owing to their loan offers and facilities. Reputed NBFCs come with less stringent terms and conditions, convenient repayment, reasonable rates of interest, quick disbursal, and other attractive features. As a business owner, you can apply for business loan with an NBFC for several reasons. Of all, some of the best reasons to avail business loans … Continue reading Why You Need to Apply for A Business Loan?