Often you have heard that Loan Against Property/Home Loan is available at this rate or that rate but when you approach the Banks/NBFCs they offer you different rate but why this is so. This is because every Organization advertise their best product in the market and actual Rate of Interest depends on various factors like …
A stable monthly salary for employees makes home loan convenient for them. Without such a guarantee, banks take tougher steps to measure the borrower’s ability to repay loans. In certain house loans which are not fully risk-free for banks, interest rates are always higher and the term shorter. Businessmen and landlords looking for a home …
The criteria for the funds and the time when to get funding are different for different industries. For e-commerce or technology start-ups, funding is needed after an early version of the product has been developed. However, for sectors such as manufacturing, construction, packaging, and others, proper machinery and equipment are required to help them carry …
Steps to take when applying for a machinery loan? Read More »
Applying for a small business loan can be a complicated operation. Not only is it necessary to arrange your documentation, but you must also give the lender significant transparency in your business. After that, waiting to find out whether you’ve been accepted or refused a loan can be a nerve-wracking thing. But how hard is …
What is the Mudra Loan? The Honorable Prime Minister’s program, launched on April 8, 2015, for loans of up to 20 lakhs to non-corporate, non-corporate, small/micro enterprises is Pradhan Mantri MUDRA Yojana (PMMY). This credit is known as a PMMY MUDRA loan. Commercial Banks, RRBs, small banks, MFIs and NBFCs provide those loans. Types …
CGTMSE ( Credit Guarantee Fund Trust for Small & Medium Enterprises) CGTMSE scheme was established in the year 2000. The objective of CGTMSE scheme is to provide bank credit to MSMEs without the hassles of Collaterals/third party Guarantees so that young enterpreneurs can realise their dream of setting up or running their own Micro & …
