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Showing posts from April, 2021

WHAT RULES TO FOLLOW WHILE GETTING A LOAN?

Getting any kind of loan can be a significant decision, so it’s always important to make a smart and wise decision. Most of the lenders have tightened their rules on borrower selection and the loan quantum that can be disbursed. Every lender has different set of criteria to decide maximum permissible finance. To proceed on the loan processing, you also have to follow some rules while you " Apply For Loan " that will help you to make your loan journey stress-free which are mentioned in this article. Timely repayment: Your loan repayment should be disciplined to ensure the lender to be risk free so it’s important not to miss a loan EMI. If you miss or default on EMI, it can adversely affect your credit score which will reduce your chances of securing a loan in the future. Repayment capacity: Always take loan money that you can repay easily. Your monthly installments for your entire loans should not exceed 50% of your monthly income or budget. To illustrate:  If your monthly

HOW YOU CAN USE A BUSINESS LOAN IN 2021?

Most of the businesses had deceived down due to Corona virus breakdown from covering payroll to funding replenishment plans and other endless operations. The one solution to grapple with all of your business funding options, the business loan is a simple way out. Here in this article, we have listed few aspects for which you can " Apply For Business Loan " and use it in different ways in 2021. Recovery from pandemic loss: While some of the small businesses have been hit harder with the negative effects of COVID-19 and it’s not so easy to think about economic recovery. To put some recovery plan into action, 2021 is an ideal time to secure a business loan giving you the ability to lay the groundwork for how you will operate your business post COVID-19. Till the time, your economic conditions improve; you’ll want to have some additional funds to accelerate your business’s recovery. Technological updates: If your business has been slow down due to outdated equipment and stucke