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HOW BUSINESS LOAN CAN SERVE DIFFERENT BUSINESS REQUIREMENTS?

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WHAT KIND OF BLIND SPOTS TO BE AVOIDED IN FINANCES?

Its undeniable fact that blind spots in " Finances " can work against us by destroying our efforts to upgrade our financial health. We have been neglecting some of the aspects in our financial lives which can yield many financial rewards and otherwise. There should be some of the common financial blind spots and there is a high probability that one must have few of them. Therefore, we have listed some blind spots that needed to be avoided in financial crunch. Minimal Savings: The proportion of savings varies from person to person as it depends upon your income and amount based on specific situation. Some of the people can’t calculate how much they require saving. Also, there are some signs which indicate that you are not saving enough money such as no idea of your expenditure, not paying credit card bills in full, zero saving goals, lack of emergency funds and living salary to salary. So, it’s better to calculate how much you need to save and for how long and initiate a pro

WHY SHUBHBANK IS MOST PREFERRED LENDER AMONG ALL?

The loan products are designed according to the needs of customers and to give away maximum benefits to them in the form of competitive interest rates and flexible terms and tenure. There are few qualities; customers often look for in a lender while they " A pply For Loan " such as an easy accessibility, affordable interest rate and flexibility in picking up a loan tenure as well as EMI. ShubhBank understands the concern of their customers and act as one- stop solution for their needs and requirements. Our customized loan products and transparent processing have made us most preferred lenders in India for borrowers. Our post disbursement customer services make us even more popular among all. Benefits of Loans from ShubhBank : The loans from ShubhBank come with great features and benefits that are tailored to meet the needs of every borrower. Here, we have discussed all the benefits that you can grab out our loan schemes. Ø   High loan amount : However, the loan quantum i

WHAT PROCESS TO FOLLOW FOR APPLYING A LOAN?

With ever increasing competition in lending sector and advancement in technology, numbers of loans are readily available in the banking market. Moreover, you can get your loan processes within few business days of filing your loan application. A loan from any financial institution is your sole responsibility and requires your diligence at every step, from filling an application form to repaying the loan amount. Hence, we have compiled up the loan process in easy steps that one must follows before applying for a loan. Decide the loan quantum: It’s good to figure out the expenses that you want to cover with loan beforehand. Finalize a reasonable amount you want to borrow from a lender and be careful not to borrow excessively. Similarly, it should not be too small that makes you unable to fulfill your needs. Make a balance between your income and needs before deciding a loan amount. Research loan type: There are various types of loans to choose from such as secured loans and unsecured l

WHAT TO ASK YOURSELF BEFORE APPLYING A LOAN?

At certain point of life, everyone needs to take a loan to fulfill the financial needs. However, it is boon for people who want to tide over the financial crisis but sometimes it can also lead to a debt trap. Therefore, it is important and would be a great idea to ask yourself some questions before you " Apply For Loan " . These questions to yourself will clear your doubts about the need of loan and how you going to repay it. Let’s have a look on some of these questions: What is the need of loan? First and foremost, you must ask yourself about the purpose of loan that either you need it for building a home, pursuing a higher education or learning a new skill, as it is perfectly fine to secure a loan to pay for the purchase. These assets will enhance in value and helps you generate the income in a long run. On contrary, if you are availing a loan for your personal expenses which are beyond your means then it would not be a god thing to get a loan. However, if you really want a

HOW TO PAY OFF YOUR EMI’S WISELY?

The subsequent COVID-19 outbreak has introduced some unique challenges to every sphere of life as people are suffering from this deadly virus and financial crisis caused by shutting off the business world. As all knows that funding is utmost for lifecycle and one of the key factors are loans that helps every individual from any income group to arrange the funds for every small and big need. Most of the people " Apply For Loan " these days either for personal or professional needs and this lockdown has hammered every person’s savings and money rotation. Thus, people are suffering from paying late EMIs, opting for moratoriums which may in return lead to a debt trap. Many have struggling to pay their timely installments in recent times. If you are one of them, then this article will surely help you to tide over the financial crisis. We have mentioned few tips that would ensure you to pay off your EMI wisely without an inconvenience and shed off your financial stress. Research a

HOW ONE CAN REFINANCE A BUSINESS LOAN?

When running a smooth business gets tough, a business loan gives you the power of acquiring the funds to keep your venture going. You can use the borrowed funds to cover your business expenditures and help your company flourish. Have you ever wondered what if you are not satisfied with the repayment structure and the rate of interest came with your loan? The solution to your entire problem is refinancing after you " Apply For Business Loan " to grab some more favorable terms. So, refinancing a loan allows you to reduce the entire cost of your previous loan by paying it off with a new loan. In other words, one can transfer your pre-existing loan to a new lender who can offer you better repayment structure and lower interest rates. Besides refinancing your loan, you can also grab extra benefits to make the repayment smoother and less burdening. By refinancing you can go for flexible tenure either longer or shorter, lower rates of interest reducing your EMI as well as improves