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A business loan agreement is an agreement between the lender and the business. It is basically a document stating out the entire details of the loan agreement and it is of vital importance throughout the tenure of the business loan. So it is essential that before signing in the agreement, you must check and be …
Though we are all aware that life insurance provides an umbrella of security to our family from any unfortunate events and helps us in protecting from financial losses or going through uncertainties, but choosing the right cover for yourself and your family is essential. Before opting for or investing in a life insurance policy, individuals …
Many loan seekers these days choose Instant Loan over traditional personal loans. The financial world is going through a rapid change. Bank processes which were tedious and time taking are readily available and paperless. The ATMs and online banking, has made the queuing for deposit and withdrawal vanish. Now getting a loan is quick, pre-approved, …
A budget is a plan for every Rupee you have, it is an estimate of income and expenditure which you should have for a set period of time. It ultimately gives you more financial freedom and a life with much less stress. The simplest form of budgeting is dividing your income among needs, wants, savings …
A mutual fund stocks up money from different investors and invests in a group of assets known as securities such as stocks and bonds. There are professionals who manage the holdings which make up the fund’s portfolio. Investors buy shares based on the performance of the fund’s underlying securities. Mutual fund investors own shares in …
A loan guarantor is legally liable to pay off the loan or the outstanding loan amount, in case if the primary applicant is unable to repay it. He will be solely responsible for a part or all of the debt amount undertaken by the borrower. Usually a guarantor can be anyone even from your relatives, …
When a borrower takes a loan, he enters into a legal contract with the lender where he is liable for repaying the money he borrows. The bank or financial institution is allowed by law to use steps in accordance with the law to recover a loan if one has defaulted on it. The official declaration …
The business loan proposal is the document used to apply for a bank loan. It mentions the amount you want to borrow, a purpose for the loan, your repayment status, any collateral you might put up against the loan and any other important information related to the business loan application. The business loan proposal is …