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PROS AND CONS OF BUSINESS LOAN AND AN OVERDRAFT

Advantages and disadvantages of a business loan Obtaining business loans is not a spontaneous decision. There are many considerations to consider before making this decision. A person can obtain business credit for various reasons, as it seems the most profitable option when investing with a larger amount and for a longer period of time. Also, …

7 Ways of Business Funding for Self-Employed

If you are self-employed and require extra funds for your business, there are few options you can choose from. Usually, the fund is needed at the initial stage of the business, or when you would want to expand or do any additions to your business. Acquiring a business loan from banks may at times seem …

Unsecured dropline overdraft

Any business big or small requires easy access to finances for running smoothly. Most business owners have to rely on business and personal loans which comes with high interest rates to meet their short-term finance requirements. An overdraft facility offers a helping hand to owners with current accounts with good transaction history. Overdrafts have some …

Home loan is a lifetime financial commitment for homebuyers and also at the same time it also involves huge risks for the Bank/ NBFC’s. This is the reason why Banks/ NBFC’s are very much concerned about extending home loan to people who are close to their retirement, regardless of their financial situation. People who are …

A house is an added count in your assets and at the same time gives you a feeling of security and satisfaction. Borrowing a home loan to buy a house for residential purpose is always an enlightened decision as it ends the terrible cycle of paying heavy rent in lieu of giving you a place …

Dropline Overdraft Facilities can be termed as Smart Loan against properties which are generally offered from 1 Year to 15 years of tenure. The Dropline Overdraft facility benefits the borrower by reducing the original limit according the tenure sanctioned to the borrower. The overdraft facility can be used on monthly basis, quarterly basis, half-yearly or …

Once in a lifetime almost all of us come across financial crisis and it’s not necessary that we have a handful of cash to cover the expenses. There are situations when we are not left with any other option except borrowing. Such situation can arise when you have calculated and will be earning more with …

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 …

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