CIBIL, a part of TransUnion, is one of the RBI-approved credit rating agencies that are responsible for generating credit scores of individuals and businesses based on the data provided by the banks and lending institutions. CIBIL full form is Credit Information Bureau India Limited. A CIBIL score determines whether an individual is likely to repay his debt or loan in time. Therefore, lenders consider it … Continue reading What is a Good Credit Score? Top 3 factors that affect your credit score
Education loans are unsecured advances that do not require pledging any collateral. If you are considering how to apply for education loan, you can approach any leading financial institution or NBFC. Here the credit amount can range from Rs. 20 Lakh to Rs. 25 Lakh.
Now, if the borrower’s credit requirement is much higher, he/she can opt for a loan against property. This credit facility requires you to pledge any of your assets as collateral. Depending on the LTV (loan to value) ratio, a loan against property for education can fetch you a handsome sum of up to Rs. 3.5 Crore.
Now, that you know what is education loan is and how it differs from a loan against property, take a look at why the latter proves advantageous.Continue reading “Why is a Loan Against Property Better than an Education Loan?”
The funding in the start-up sector of India has massively increased in the past few years. The main reasons behind this growth are the introduction of various schemes to promote new enterprises in the market and the availability of funding from multiple sources. Introduction of GST has also made the market conditions more favourable for aspiring entrepreneurs. The most popular way to raise working capital … Continue reading 6 Great Start-Up Funding Options Appropriate for Your Start-Up Business
Medical professionals also need to apply for loans in order to cover certain expenses or to kick-start a new entrepreneurial venture. However, the subsequent discussion will strictly concern doctor loans for business which cove the likes of clinic expansions, facility renovations, and purchase of the latest medical equipment. When it comes to getting doctor loan for purchasing high cost equipment, it is necessary to meet … Continue reading An Expert Guide to Funding Medical Equipment Requirements
There are many instances wherein professionals who have set up their own practice need a cash infusion to take their business to the next level. This is where professional loans come in. They help doctors, accountants, engineers to address a variety of their professional and personal needs. Apart from business expansion, such loans can also be used for purchasing homes for immediate personal requirements such … Continue reading Explaining the Working of Professional Loan
Chartered accountant and engineer loans are provided by a leading bank on a financial institution in India. These loans are tailor-made to suit the unique professional and personal needs of chartered accountants working in India. The professional loan amount may go up to rupees 35 lakhs. Apart from professional purposes, loan money may also be used for other purposes. These may include overseas education of … Continue reading Tips To Improve The Chances Of Availing A CA Loan
The best and most suitable way to get a loan for a CA is applying for a personal loan. Being a CA you get this advantage of not giving any collateral to a bank or NBFC to get a loan. All you have to do is submit accurate documents and check your eligibility before loan application. You may apply to an NBFC such as Bajaj … Continue reading What You Must Know About Personal Loan For Chartered Accountants?
With the launch of a myriad of government-based initiatives as well as NBFCs (Non-Banking Financial Corporations), there is a wide range of options for effective credit funding that is available for the young medical aspirants in the country. The credit funding options are also referred to as the lucrative “doctor loan” schemes. These schemes or funding options are designed towards catering the unique financial demands … Continue reading Why are Doctors Loan Beneficial Financially?
Small and medium-sized companies are frequently recognised, as the main motors behind the growth and evolution of various kinds of business in the nation. Multiple analysis and surveys have stated that there are somewhat around 43 million SMEs solely in India and the number is 36.2 million in MSMEs- thus, playing a significant role in building the economy stronger. However, it’s the lack of proper … Continue reading How Small Enterprises Get Help from SME and MSME Loans?
Micro Units Development and Refinance Agency Ltd. Pr MUDRA loan is funding offered to people in the microenterprise sector in India. MUDRA loan helps the financial support of up to INR 10 lakh under the Pradhan Mantri MUDRA Yojana. Categories: Shishu Loan that offers a loan up to INR 50,000. Kishor loan provides cover from INR 50,000 to INR 5 lakh Tarun loan provides cover … Continue reading Everything You Need To Know About MUDRA Loans