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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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, ...
Step by Step Guide for Getting a Loan for Engineers
After paying heavy fees while pursuing your engineering degree, you might now wish to save as you move towards this journey as a responsible engineer. However, a qualified engineer comes across lots of situations that challenge him ...
Looking for a Business Loan? 6 Things to Avoid Before You Apply for a Business Loan
While dedication, perseverance and hard work play an imperative role in the success of the business, money is one such factor which is equally important, or you can say, holds more value than other parameters. You can either fund your ...
All You Need to Know About Business Working Capital Loans
Reena had recently started a boutique and it had now started earning profits. She presumed that things were stable and decided to take things online. She started receiving numerous orders and soon enough she received a huge order. While she ...