Being a businessman is not easy. One needs a steady source of income to meet business expenses. A huge amount of money is required to run business successfully. If you are running short of money, you can avail business loan.
There are various kinds of borrowers. Some have an impeccable credit score while some are [...]
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Foreign lender HSBC’s Indian operations is aiming to revamp the unsecured loan business again. The bank is aiming to reinitialise the growth mechanism of its credit card portfolio.
The global economic meltdown and its impact had led banks to become very conservative in their lending decisions thus leading to a huge recoil in the unsecured [...]
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Any Indian citizen can apply for a loan in India but at the time of loan application, the applicant must have attained the age of 18 years. Moreover, other important requirement for the applicant of loans for business are possession of an active bank account which must not be less than three months old, [...]
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There are loans that are specifically tailored for the unemployed potential borrowers. What they only need is that they must be at least 18 years old at the time of application for such loan. Moreover, they must have an active bank account which must be at least three months old. They must also bear [...]
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The Reserve Bank of India (RBI) on Friday raised repo rate by 25 bps to 8.25%. The reverse repo rate has gone up to 7.25 per cent from 7%. The RBI has taken this decision to fight the spiralling inflation. This is the 12th hike in 18 months by RBI. According to some experts, [...]
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Most of the people in India posses a dream to establish his own business. But everyone are not able to afford the expenditure of purchasing or rent land, building the office set-up and the other prior costs of business. But Indian banks are always ready to help those people by providing them loan for [...]
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Small business loans can provide working capital to entrepreneurs for various purposes like to build office, factory, buy machinery, equipments, tools etc. As far as definition is concerned, it is an amount which is borrowed by entrepreneurs to start a new business or expand the existing one. Two kinds of loans quiet popular in [...]
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There is always a strong competition among companies. Different companies take different types of loans in order to start their new projects. Those small companies which need small amount of money can apply for various kinds of Minot trading loans. On the other hand, the big companies have to take the massive loans.
Apart from [...]
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In simple terms a loan is an agreement of understanding in which a person, an institution or an entity lends something of monetary value (money, property etc) to the borrower with an undertaking that the monetary object will be returned within a stipulated duration of time.
Types of Loans There are various types of loans [...]
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Businessmen often have a tough time with money. Since the business requirements cannot be predicted, you should keep yourself prepared to face any kind of situation. If you lack funds, you can explore other options. It is humanly not possible to have the desired amount at any given point of time. If you fall [...]
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It is a nature of human being that they want to live a good financial life. Do you want to start up a new business? Are you an owner of small business facing shortage of cash? Do you want to gain immense popularity by working independently? If, yes then look forward with small business [...]
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Expanding and taking business to the heights of success is a dream of every entrepreneur. At times, the entrepreneurs would require finance on an urgent basis to fuel this growth prospective. India is the developing one in the growth parameter and so is the Indian banking system. With the diversification of banking products specialised [...]
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Small business loans are typically bank loans. People who are just starting out on a small business like to approach banks for financing because they give a certain amount of security. Generally, these loans are what are known as term loans. The concept of a this type of credit is really simple – this [...]
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Muthoot Finance Ltd, which claims to be the largest gold finance NBFC in India, today said it will now offer loans against Gold ETF ( Exchange Traded Funds )) units as security.
Launching the service, Muthoot Finance Ltd Managing Director George Alexander Muthoot told reporters here that loans against gold ETF units was a scheme [...]
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