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In recent times, having an advanced machinery or equipment is must to grow your business to next level. Most of the businesses rely upon machinery loans for purchasing top-of-the line assets and meeting upgraded machinery requirements. If you want to expand your business and looking out to " Apply For Machinery Loan " here are some ways to increase your eligibility for qualifying an equipment loan which is mentioned below: Robust plan on fund usage: Most of the lending institutions offer machinery loan to those applicants who have clear layout of using the borrowed funds. Therefore, create a robust plan on which equipment you will use the funds and why you chose that specific model over other machines. You can also mention the sales figure projected at installing that machinery or upgrading to advanced technology. Maintain a good CIBIL score: A CIBIL score determines your repayment capacity and creditworthiness. It is advisable to check your credit score before applying fo...

A bad debt is referred to something which is not a worth of its value and drains off your money. It can also be defined on the basis of loans that have no real prospect to opt for. Some of the loans you acquire have very high rate of interest along with high EMIs that lead you into debt trap. To illustrate, when you " Apply For Loan " for unaffordable trip, shopping, lavish party or purchasing expensive gadgets, these unnecessary may turn your loan into bad debt. It is not true that every loan turns into a bad debt because some loans are worth to go but the loans that cannot be justified in the terms of purpose, interest and tenure are said to be bad loan. To exemplify, a loan of 3 year tenure to purchase the latest smart phone can be a bad debt as that phone would become outdated within these 3 years of repayment. This kind of loan is not justified; it’s just wastage of money. A personal loan with a high rate of interest secured for a medical emergency is justified as no mo...

Financial fitness and adopting a healthy lifestyle has become integral part of everyone’s life. With the outbreak of the pandemic in past year, masses have become more conscious about maintain a good fitness regime and financial health. In case of maintaining good health, people staying back at home are using the lockdown period to work out or meditate at home. Similarly, people are more conscious about managing their financial health these days. Finances and fitness are the two important things in our daily lives that one needs to take good care of. Therefore, to ensure a safe and healthy future for family is on top in everyone’s life. A family’s health and financial health goes hand in hand, either investing in the right insurance policy or to  " Apply For Loan "  that suits your needs. It all takes a small effort on regular basis to maintain a healthy life and finances. Here, in this article, we have precisely mentioned some things you need to follow to maintain good healt...