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
If you are looking for financing options, both business loans and lines of credit can be beneficial depending on the circumstances. In case of a business loan, you obtain a lump sum which you are required to repay within a pre-set tenor with fixed monthly pay-outs. Obtaining a line of credit provides you with revolving access to funds which can withdraw and repay within a … Continue reading Two Best Funding Options: Business Loan and Line of Credit
Easy availability of finances to meet long or short term funding requirements of a business is essential for business growth and development. Among the multiple sources of finances, companies thus resort to availing loans and advances from the lending market in the form of business loans. Two such loans that business owners often resort to are term loan and advances for working capital. While both … Continue reading Differences Between Term Loan and Working Capital Loan
Entrepreneurial finance is a process with which you can manage your working capital. It also helps in analysing the availability of funds, avail start up business loans and take financial decisions depending on reports and analysis. The factors to keep in mind while involving such a process are examining requirements, existing advances, managing working capital, and analysing the sources of finance. The several sources of … Continue reading An Introduction to Entrepreneurial Finance
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
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?
Of late, healthcare industry in India is undergoing a sea of changes as it moves towards evolving modern global standards slowly but steadily. As a medical practitioner, it becomes imperative to stay tuned to these changes and take your practice to the next level by providing comprehensive healthcare services. There are innumerable financial institutions that provide medical practice loans which are customised for the medical … Continue reading How Medical Practice Loan Helps a Doctor
If you’re a chartered accountant and want to meet your personal and professional needs then apply for CA loan now and get it sanctioned with ease. However, it is important to know that CA loans are available only and only if you satisfy all eligibility conditions which are mentioned here. Norm 1: 4 years of Practice According to the CA Loan Eligibility, it is mandatory … Continue reading Here’s How You May Know your CA Loan Eligibility
In India, the financial sector is growing rapidly with many financial institutions coming into existence. The main aim of these companies is to provide the borrower with the loan that comes with the best terms. An engineer – both salaried as well as self-employed can avail these loans. But the personal finance for engineers varies for salaried and self-employed based on their eligibility criteria, repayment … Continue reading How to Avail Finance for Engineers
The Ministry of Housing and Urban Poverty Alleviation (MoHUPA) launched the Credit Linked Subsidy Scheme (CLSS) in the year 2015. The main aim of launching this project was to provide interest subsidy to existing housing loan subscribers and was launched under Pradhan Mantri Awas Yojana (Urban). Under the Credit Linked Subsidy Scheme (CLSS Scheme), the individual is provided with interest subsidy on housing loan availed … Continue reading A Short Note on CLSS
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