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An interest is the amount due over the period for the amount lent, borrowed or deposited. An interest amount depends on the principal amount, rate, compounding frequency and the time for which the amount is being lent, deposited or borrowed. An extra amount that a lender charges over the principal amount is normally expressed as …
In an ideal situation, everybody wants money for all his needs. But, in reality many of us have very less options available. Either one has to compromise or borrow to meet our basic needs or desires. Its a great opportunity for Banks/ NBFC’s to fill the gap between the reality and the aspirations. They know …
Loan Officer/ Credit Manager/ Underwriter plays a crucial role to balance the information and the risks involved in loan sanctioning process. Small & private firms which are opaque and non transparent face a lot of difficulties to analyze the risk. To improve the accuracy, screening and monitoring the potential borrower Personal Discussion works as a …
These days no doubt to get a loan is very easy process. But still money lending by Banks/ NBFC’s involves a risk. With this situation, when someone says that a loan without documents is available. The question arises that without financial reports, salary slips or the ITR’s how can money lending is possible? Is it …
Documentation is an important part for any sort of bank related work. While applying for a loan, documents play a major role to make an individual eligible for the same. It is always important to keep the documents updated and well written to make a loan process easier. Any document type which is easily recognizable …
Every business is unique and have different requirements. An old proverb says – Spend Money to Earn Money. To grow and maintain the flow of recurring expenses, working capital of the business, buy new assets or inventories to the company, advertisement or to buy real estate and expand operations investment is needed. Finance management is …
Balance transfer is a great option that allows and benefits from a downward movement in interest rates. Balance transfer of loan refers to the transfer of the outstanding principal amount of the loan from one bank to another bank for a lower interest rate and favourable loan terms and conditions. When the EMI’s are regularly …
Business need funds for the day to day expenses, to increase the working capital, buy new assets and also for the expansion. Business Loan is funded to an existing running business to cover any unexpected expenses. The new income gained helps the business to pay the regular payments to be made. Banking sector is one …