Invoice Discounting
In order to make the best decisions for your finances and business operations, you need to consider the advantages and disadvantages of bill discounting. Given below is tabular overview of the same: Advantages Disadvantages Access to instant cash Higher interest rates and costs Sh.....
Working Capital Policies
The kind of working capital policy that you should choose depends upon your plans for business growth. Hence, it is advisable for you to choose one wisely. Give these three working capital management policies a serious thought before you pick one that aids your business endeavours. Re-evaluate your .....
Invoice Factoring
Latest News Updates By 2032, the Market for Invoice Factoring Will Experience Exponential GrowthBrainy Insights, a leading market intelligence company, has predicted that the market of invoice factoring, valued at $2.74 trillion globally in 2022, is expected to grow to a massive $6 trillion by 20.....
Steps to Start a Pathology Lab in India
Starting a pathology lab in India requires careful planning, right infrastructure, skilled staff, proper licensing, and secure finances. By following the steps mentioned above, you can build a standard pathology lab that meets regulatory recommendations and provides quality healthcare services. Foll.....
How to Grow Your Clinic
Feeling overwhelmed? It’s understandable, but don't let this stress get in the way of your clinic’s growth. By following the above-mentioned steps, you can steadily increase your patient base and grow your medical practice. For additional financing, you can even consider applying for a doctor loan w.....
Goat Farming Loan
The process differs based on the loan scheme under which you plan to apply. If you intend to apply for a subsidy from NABARD, you can visit the closest branch or a bank that works with NABARD to offer financing. You can apply for the Mudra loan online on the Udyamimitra portal. Usually, you need t.....
Corporate Identification Number (CIN)
You can track the CIN of your company by following these steps: Visit the official website of MCA at https://www.mca.gov.in/content/mca/global/en/home.html Click on ‘MCA Services’ on the home page Under ‘Company Services’, choose ‘Find CIN’ Select ‘Company’ Choose the option ‘Search .....
How to Determine Your Working Capital Requirement
Working capital is an accounting term that means the capital used in your business’ day to day operations. It is calculated by deducting one’s current liabilities from one’s current assets, and is a key factor to your business' success. Most of the aspects of your business are affected by working ca.....
How to Get a Business Loan Without an ITR
You can enhance your chances of getting a business loan without an ITR by following certain tested strategies. These include: Offer Collateral Some lenders may not require you to provide your ITR to approve your business loan if you offer collateral. It increases your eligibility and reduces.....
Letters Of Credit
A term loan is a lump sum amount that an individual borrows for a given tenure at an interest rate. The repayment of term loans is done through EMIs. Meanwhile, LC is a credit or loan limit sanctioned by a bank to a borrower that allows him/her to withdraw small amounts from the total sanctioned lim.....
MSME Databank
The two prerequisites that an MSME must comply with to be eligible for the registration are: Your Udyog Aadhar Number (if you reside in the North East region, you will also need to share your registered mobile number (RMN) along with your Udyog Aadhaar Number) Your PAN Number: If you are t.....
MSME Registration
Here is the list of helpline numbers that entrepreneurs can reach out to resolve any of their queries: For general queries: 011- 23063288 For administrative queries: 011- 23063800 For technical queries: 011- 23062354 In conclusion, as MSME sectors are significant contributor to I.....
National Skills Development Corporation (NSDC)
If a company or other organisation decides to function as a training partner, they can avail a loan from NSDC. These loans are available at a lower interest rate of 6% p.a. For this purpose, they will have to first apply for it, and the NSDC will disburse the loan after assessing the essential param.....
National Small Industries Corporation
The credit rating scheme for the performances of MSMEs refers to the rating of various MSMEs on different factors. The autonomous bodies are assigned the task of rating so it can work unbiasedly and help rank each MSME as per their performance. The credit rating scheme for MSMEs gives the money le.....
North Eastern Development Finance Corporation - NEDFI
The main responsibility of NEDFi is to offer financial support to micro, small, and medium enterprises as well as to large corporations. The support, however, is subject to the fact that the intent is to set up developmental projects in the North Eastern region of the country. These developmental p.....
Personal Loan vs Business Loan - What To Choose?
As you can see, a personal loan and business loan differ from each other on several fronts. Personal loans cover a wide range of personal expenses that often require minimal documentation with no collateral. Business loans, on the other hand, are funds specifically designed for business-related act.....
SIDBI - Small Industries Development Bank of India
Here are some indirect loan offers facilitated by SIDBI that you should know about: Assistance to NBFCs: SIDBI loans are available to NBFCs that are registered with the RBI and are involved in providing financing to the MSME sector. Refinance Scheme: Under different refinancing programs, SI.....
Instant Loan without Income Proof
When applying for an instant personal loan, you may be asked to submit the documents listed below: Identity Proof: Any one of the following PAN card Aadhaar card Voter ID Passport Driving licence Address Proof: Any one of the following Voter ID Aadhaar card Passpo.....
Personal Loan Insurance Plans
Mainly there are four different premium loan insurance policies available as per the requirement of different investors: Single and regular premium reducing cover In these policies, the insurance premium amount keeps on decreasing based on the outstanding loan amount across the loan tenure. .....
Personal Loan on Aadhaar Card
With the advent of the Aadhaar card and digitalisation, it has become easier to apply for a personal loan online. You are only required to show your Aadhaar card as KYC proof. Most financial institutions accept this single document as proof of identity, birth, address proof and citizenship. The.....
No Credit Check Loans in India
As of now, banks and other financial institutions alike that operate in India do not offer No Credit Check Loans to borrowers. However, some of the institutions have no qualms over sanctioning the same even though the borrower has a bad credit score. It is said that secured forms of loans are the be.....
Types of Personal Loans
You can avail loans from financial institutions such as banks and NBFCs (non-banking financial companies) to obtain funds for various types of requirements. In most cases, loans are earmarked for a specific purpose - a car loan is to purchase a car, a online home loan is to buy a house and an educat.....
Personal Loan for Non-Listed Companies in India
The employee of the non-listed company will have to submit the following documents to get a personal loan from one of Bajaj Markets lending partners: A duly-filled application form along with a passport size photograph. An identity proof, an age proof and an address proof. Bank statemen.....
What Happens If Personal Loan EMIs Are Not Paid
The Reserve Bank of India (RBI) provides certain guidelines to protect borrowers from harassment by lenders. Here are some key guidelines: Fair Practices Code Lenders must follow the regulations mentioned under RBI’s Circular DBOD.Leg.No.BC.104/ 09.07.007 /2002-03 dated May 5, 2003. It covers ‘Gu.....
How to Reduce Your Personal Loan Burden Effortlessly
Whenever you are in need of some extra cash, you can always apply for a personal loan. But personal loan, as easy as they may be to get, they usually have a very high-interest rate, between 15 to 20%. So, if you have been paying high interest on your loan, a loan balance transfer is a good option fo.....
Personal Loan Against Cash Salary
Submit Income Tax Returns: You can submit your yearly income tax returns as proof of your capacity to earn. This should help the bank understand your ability to repay your loan as per the agreed-upon repayment terms. Provide Bank Statements: If you are someone who deposits their cash salary int.....
Understanding Signature Loans
When applying for a signature loan, you will have to furnish the following documents: Proof of identity: Aadhaar Card, PAN Card, Driving Licence, etc. Proof of income: Latest salary/pay slips, latest bank statements, employment letter, etc. Proof of address: House Tax Slip, Electricity B.....
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