Benefits Of Availing Unsecured Business Loans From Online Lenders
With the rising integration of technology in the Indian financial services sector, each and every aspect of the financing industry has undergone an extreme transformation. Earlier when government banks had the monopoly over the consumer and business lending industry, long queues and distraught looking business owners were a common sight at the bank branches. The situation changed with the entry of private players in the industry. Private Banks and Non-Banking Financial Corporations (NBFCs) challenged the hegemony of public sector banks and started giving them a tough competition. Customer-friendly approach and corporate style work culture gave them a definite edge over
Read moreArticle 370 Revoked, Business Opportunities To Increase In J&K
The Central Government revoked Article 370 of the constitution that gave special status to the J&K state of the country. Under Article 370, Jammu and Kashmir had rights to have its flag, constitution, and laws. The removal of the article has opened many business opportunities in the state. In this blog, we shall discuss business opportunities in the state of Jammu and Kashmir. What is Article 370? Article 370 was included in the Indian Constitution on October 17, 1949. It exempts J&K from the Indian Constitution and permits it to draft its own Constitution. The article restricts the Parliament’s legislative
Read moreHow Can A Small Business Loan Be Used?
Each business owner these days has an option to choose from a wide range of business loan products—conventional and new age. The small business loan products are offered by n number of lenders in India. They differ in various aspects, such as loan amount, repayment tenure, interest rate, and end usage. Also, some lenders specify the borrowers on how to use the business loans. These lenders also include specific terms in the lending contract. And if the borrower doesn’t adhere to them, they are penalized for not using the loan amount for the specified purpose. However, there are several new-age
Read moreBusiness Bank Account: Here’s Everything You Need To Know
Every small or big business in India requires a business bank account to perform financial transactions. In this blog, we shall provide information about how to open a new business bank account, the procedure, and a list of required documents. While starting a small or big business, the business owner must have a dedicated bank account for business transactions. It has many features and benefits. The list of benefits includes getting payments from customers or vendors, utility bill payments, employee salary payments, paying bills to the vendors, etc. Notably, it is imperative to understand that a business bank account is
Read moreWhat Are The Different Sources Of Credit Loan For SMEs?
Small and medium-scale enterprises find it very challenging against the MNCs and other powerhouse competitors, especially when it comes to financial backing. However, there are many different financial and non-financial institutions present in the market to provide these small businesses with much-needed capital as well as credit loans. Earlier, all these businesses had to rely only on banks or the informal source of capital in order to get a business loan, but the scenario has changed a lot in the past few years. If you talk about the condition in the lending sector about 5-10 years back, an SME had
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