Tag: Loan
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Growing Your Venture: Personal Loan for Self-Employed Borrowers
If you are running your own business, we understand how exhilarating and challenging it can be at the same time. Being a self-employed entrepreneur gives you the freedom to pursue your passions. You are free to set your schedule and be your own boss. However, with these benefits come financial responsibilities. Sometimes, you may need…
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How to Take Out a Business Loan Without Stunting Your Growth?
There is no doubt that investing in your business is a sure-fire way to promote growth. Not only will it help you expand, it’s a way to buy additional stock, complete the necessary training, and invest in your employees. There is a wealth of business loan companies out there. And while being accepted for a…
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How You Can Get an SBA Hotel Loan in India?
To set up a hotel business can be quite a daunting and intimidating task. Here is a multitude of factors that need to be taken into consideration in order for the hotel business to be set up in proper accordance and flourish. There are a great number of aspects that need to be taken care…
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What is the Process of Debt Relief?
There are many reasons why individuals and households find themselves in a non-viable financial situation. Perhaps you have made poor economic decisions in the past, or perhaps you have had some bad luck when it comes to your investments. You may have even lost your job and are now struggling to repay your debts without…
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Everything You Need to Know About Two-Wheeler Loan
Two-wheeler loans are the best way to acquire a bike without emptying your pockets entirely. The two-wheeler loan interest rate is low, and the documentation is straightforward, so most people are eligible for the loan. Your days of riding the crowded bus, waiting under the hot sun, and the driving rain are over. You can…
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The Necessity of a Personal Credit Score on a Business Loan
In a recent statistical study started by Finder, over 40% of entrepreneurs in America took out loans to finance their businesses in 2019. This number represented a massive drop from the previous years, and it is a clear illustration of the number of people who rely on loans to finance their businesses. Notably, no bank…
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All That You Need to Know About Used Car Loans
If you watch television regularly, you must have come across ads regarding used car loans, and their benefits. Used cars are of great help to those who cannot afford a high-budget new car. The automobile industry is trending very popularly now and so is the new idea of second hand cars. According to a survey,…
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Know How the Debt Service Coverage Ratio Decides Whether You Get a Business Loan
What’s worse than being in desperate need of a business loan only to be denied because your debt service coverage ratio is too high? Not knowing what it is at all! It’s hard enough to pull together all the information and fill out forms to get a business loan. But no lender will gladly dole…
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Brace for Paying Higher EMIs as Repo Rate Rises
The Reserve Bank of India (RBI) has recently hiked its repo rate (a rate at which the Central bank lends to financial institutions) and it is set to increase home loan EMIs. Yes, you read that correct! Your equated monthly installments (EMIs) may go up a bit as the Reserve Bank of India has increased…
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6 Ways to Reduce the Interest Rate on Your Small Business Loan
Being prone to financial crises is one of the most common issues that small businesses have to tackle. Furthermore, severe market competition can lead to instability in revenues and working capital. Also, those who are looking to set up a business may also find it hard to arrange funds as seed capital. Thus, entrepreneurs seek…
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How to Pay Your Home Loan Off Faster with These Simple Tips
Your home loan is one of the biggest financial investments you may make in your life. It is also one of the debts that we usually like to pay off as quickly as we can. Here are some tips to help you pay off your home loan faster. Shop Around for the Best Possible Home…
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When Should One Go for a Medical Loan?
Depending on the ailment, undertaking a surgery or medical treatment in India can be very expensive, with costs ranging from 5 to 10 lakhs or even higher. Additionally, over 80% of Indians are not covered under any health insurance plan, thus are exposed to the risks of a financially crippling hospital bill in case of…