Nirav Choksi
Contributor
Advisor
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Types Of Unsecured Loans In India (May 2024)
The need for adequate capital for individuals and businesses is paramount. Capital can be accessed in the form of a loan from a bank or a non-banking financial company (NBFC). Loans are primarily of two kinds — unsecured and secured... -
How To Choose The Right Personal Loan In May 2024
How To Select The Right Personal Loan Today, we see a surge in the number of people opting for a personal loan, especially to fund their big-ticket purchases. A personal loan simply refers to the unsecured loan that is taken... -
Types Of Business Loan In 2024: Which To Choose?
Business loans provide borrowers the opportunity to avail lump sum cash or a line of credit to continue to operate and expand their business. These loans are provided based on the understanding that borrowers will pay them back along with... -
How Personal Loan Prepayment Could Benefit You
Personal loans have become a popular financing option, especially in the case of an emergency or unforeseen expense that often strikes when you least expect it. Key benefits such as processing of these unsecured loans being quick as it can... -
10 Tips To Increase Your Chances Of Getting A Personal Loan
One of the most popular types of loans in the market today is the personal loan. Personal loans come in handy when there are planned or unplanned expenses like vacations, weddings, or medical emergencies that go beyond your financial capabilities. ... -
Personal Loan For Salaried Employees
Most employees, if not all, rely on their monthly salary to meet their household expenses. The monthly salary happens to be the main and the only source of income for the average Indian salaried employee. In which case, the cash... -
Top 5 Factors Affecting Credit Risk When Taking A Personal Loan
You can never tell when life will throw you a curveball. There might be instances when you are in need of emergency funds — where your current cash levels are not sufficient to cover the need at hand. This could... -
Step-By-Step Guide To Personal Loan Foreclosure
Personal loan foreclosure is the process of full repayment of the balance loan amount in a single payment prior to the end of the loan tenure. The borrower can decide the number of equated monthly installment (EMIs) they wish to... -
New-Age Finance Options To Take A Business Loan
The 6.33 crore micro, small and medium enterprises (MSMEs) that are spread across the Indian landscape are the real engine that can propel the economy ahead of any other economy in the world. Our consumption and our production capacities are... -
Can’t Repay A Loan To Friends And Family? Here’s What to Do
Borrowing credit from friends and family holds great appeal to many for a number of reasons. These include but aren’t limited to failure to meet formal loan requirements, poor credit scores and having amassed a significant amount of debt already. ... -
Guide To Working Capital Financing
A working capital loan is a debt instrument that meets short-term financing requirements for a business to continue operations. This type of financing is common among small and medium-sized companies where current assets don’t match current liabilities or in layman’s... -
5 Ways A New Business Owner Can Get Working Capital
If you are the owner of a newly-launched business, it can often be hard to maintain a balance between the current assets of your business and your current liabilities. If this balance is disturbed, your business can find itself in...