Finance and Investment

There can be no denying the fact that one has to fulfill certain eligibility criteria for availing MSME loans. Some of the important MSME Loan eligibility criteria that one must fulfill for being eligible for availing MSME loans are discussed below. A comprehensive business plan: One of the prominent criteria for availing MSME loans for any new business.  A registered business: It is a must whether you are an experienced entrepreneur or someone who has just joined the market. Registration of the business is an absolute must for qualifying for any government plan or for any MSME business loan . Profit and loss statement: For existing businesses, it is important as these are clear pointers towards the fact that how well the business is managed before the funds can be disbursed. Previous year’s ITR: These are important documents for they reveal your taxes. Lenders go through them carefully to see if the applicant has paid all his taxes. Good credit history: This showcas

With time traditional bank loans have become costly therefore, the lenders are coming up with new options to allow meeting intermediate cash flow requirements of customers. A loan against shares is one such facility that is provided by banks and NBFCs against certain securities owned either by the borrower’s relatives or the borrower himself. For instance, if you are provided with a loan against securities of worth Rs. 2 lakhs and in case, you withdraw Rs. 50,000 and deposit the money back into account within a month. In that situation, you will be charged interest for just one month on Rs. 50,000.   Some of the steps to be followed are mentioned below: In order to avail loan against shares, all you got to do is fill the application form with personal details of the borrower and of securities to be undertaken. The documents required for the loan against securities are identity proof, address proof, signature proof, IT returns of concerned company/proprietorship/partnership

Whether it is about buying a home, already owning one, thinking of moving house or just getting a second real estate property, a home loan is the perfect solution for all the problems. A home loan is a long term commitment. Before applying for the home loan process, it is important to analyze your total eligibility, which mainly depends on your repayment capacity. Ensure that the home you are buying also meets a certain criterion. Here are a few things buyers need to check before applying for a home loan : Information The foremost thing to keep in mind is the location of the property you are planning to purchase. Buyers need to understand whether the property they are buying is good enough, the builder has a good record in terms of successful delivery or the builder has all the needed permissions. Home Loan Interest Rate Before applying for a home loan, it is essential to compare the home loan rate of interest of at least 4-5 banks. Always opt for the cheaper one

Capital, undoubtedly, plays a major role in fostering any business. However, arranging finance for business promotion or for any other need pertaining to business might not be easy on occasions. It is here that unsecured loan comes into play and ensures that entrepreneurs do not suffer for lack of funds. The value of unsecured business loan is therefore firmly established. Unsecured Business Loan in India – Advantages Galore The advantages of unsecured business loan are many. For starters it is collateral-free. Yes, you would not have to pledge any collateral if you intend to avail unsecured business loan. However, as an unsecured loan does not involve any collateral it poses some element of risk for the lender. This explains the reason why the interest rate levied on the unsecured business loan is higher than secured business loan. It is also not as easy to avail unsecured business loan. Loan tenure of unsecured business loan is also shorter than secured business loan.

BBenefits of Personal Loan There are plenty of benefits that personal loan brings for the borrower. Some of the prominent benefits of personal loan are listed below. Personal Loans Are Versatile Unlike mortgage or student loan, personal loan can be used for a variety of purposes like marriages, vacation, expensive purchase, consolidate credit card, medical expenses and for almost every purpose. Fixed Monthly Payment This is the biggest advantage of personal loan. As the installment is fixed you can plan the repayment accordingly which will ensure that you never default on your repayments. Borrow Any Amount Yes, you can borrow the amount you require be it small or big. However, credit score rating plays a big role in it. Decent Interest Rate The personal loan interest rate levied by the lenders is very decent. No wonder it plays an important role in making the loan popular. Swift Loan Approval Yes, unlike mortgage or home equity loan which might take at least