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CIBIL Score And Personal Loan For Individuals

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What is CIBIL Score? CIBIL SCORE is an often heard word at all levels of people from individual to corporate. This terminology is used by banks and other lenders of a loan, be it a Personal Loan or Business Loan or Property Loan. Therefore, it is important to learn and understand the basics of CIBIL. CIBIL is an organization, named, Credit Information Bureau (India) Limited collects and maintains records of an individual’s payments pertaining to loans and credit cards. Based on this credit history, a CIBIL Score is generated. Higher the score, stronger is your credit profile. Financial constraint is a very common situation in anybody’s life or in any organization at some point in time. To tide over such a situation, people go for the loan from banks and other financial institutions depending upon the quantum of loan, interest rate and type of loan. What is Personal Loan? Personal Loan  is a loan sought by an individual, a salaried person or a self-employed person or person ha
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How Business Loans in Chennai Can Ease Your Business?

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Chennai, the capital of Tamil Nadu is one of the metropolitan cities In India and one of the biggest social, cultural, educational and industrial centers in south India. Chennai is popularly named as “The Detroit of India”, with more than one-third of India’s automobile industry is located in Chennai. Chennai is considered to be safe due to all physical and environmental conditions, enabling attraction of many foreign investments in various sectors of business. Chennai is highly suitable for living with all infrastructure & various resources in all aspects of its inhabitants. It is one of the highly populated cities in India. Entrepreneurs and businessmen find this place to be ideal for their business growth and development. Chennai and Businessmen Chennai is inhabited by people from almost all parts of the country and also regularly visited by people from foreign countries. The tourist spots and climatic conditions attract many foreigners to visit the city. The secret of any
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Location: Chennai, Tamil Nadu, India
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The Secret behind Cash Credit for Business people

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Overview: Every business people at some point in time face a critical financial problem due to the current shortage of working capital to run their business. Entrepreneurs become exhausted in searching for money to continue their business without any loss in production. In order to solve the sudden shortage of money, banks help business people a running credit limit, called as cash credit, popularly known as CC. Cash credit account is normally like a current account which is used by the business people to meet their sudden financial crises. What is Cash credit? Let us consider an example how cash credit helps business people, for that let us consider a factory where the business owner invest money to buy raw materials these raw materials are then converted into finished goods. The intermediary goods are called as work-in-progress. The raw materials, work-in-progress and finished goods together constitute inventories. The business owner’s fund invested as inventories does n
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Location: Chennai, Tamil Nadu, India
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Exciting ways to raise Doctor Loans

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Doctor and their Profession: Any Profession which serves the people is a great profession and doctors play a major role in it. Doctor profession is adorable and most respectable. This profession saves the life of people, and helps people in times of physical grievances. They are considered next to god where they play important role in society.  Although it is a noble profession, it has various challenges and problems in it. To become successful and reputed in this profession is a great task for the doctors. Doctors may be self-employed setting up their own clinic or may be working as a salaried person in a hospital. Finance is a great source and essential medium anyone to excel in their profession. It plays a major role in businesses to take forward their business to next level. Financial requirement of Doctors: Financial requirement may differ from doctor to doctor whether they are salaried or self-employed. The requirements include ·         To buy new medical equipmen
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Location: Chennai, Tamil Nadu, India
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Overdraft Facility – A Boon to Businessmen

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Overview: Every business people struggles at one point in moving forward in their business is due to financial crises. Financing is required for their daily expenses and meeting daily business requirements. Although short-term business loans are available, businessmen face hassles to get loans at the desired time. These business loans cannot be availed as a standby option, in times of need. Here comes overdraft - a boon to business people. What is Overdraft? Bank  Overdraft is a credit facility given to an individual against his or her  assets  as collateral with banks. Overdraft allows you to draw against your own account, a fixed amount beyond the available bank balance.  As a collateral, one can offer house, insurance policies,  bank fixed deposits ,  securities  etc to banks. Interest rates on overdraft sanctioned by banks vary from customer to customer.  The interest is charged according to the amount drawn from the account. This is a great thing for business peopl
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Location: Chennai, Tamil Nadu, India
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Why are Term Loans So Famous?

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Overview: Finance is a major challenge for all business people to transform their business to next people. Availing right source of finance at right time is also a great challenge for all business people.  Term loans are the best way of choice for a business to have a large capital investment, where returns on investment, can be obtained over a longer period of time. Term loans are given on one-time basis and paid in installments. Term loans can be provided under fixed and floating interest and can be paid on a monthly or quarterly basis. Term loans are issued under a collateral security of residential, commercial, industrial properties or vacant land, in order to reduce the risk of payment. Term loans are paid over a period of 3 – 10 years in monthly installments. Term loans are similar to mortgage loan which requires a property against the loan amount. Generally, term loans are classified under two categories namely intermediate-term loans and long-term loans. Intermediate-term
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Location: Chennai, Tamil Nadu, India
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The Latest trends in Mortgage loan

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Overview: Financial crises may arise in everybody’s life both in personal as well as in business. This sudden situation will make us in a catch22 situation. The essential funds at right time may not be available due to many reasons, it may be locked in various ways like property, debentures or any other fixed assets, or even in the business cycle as stocks or debtors. Generally, we classify funds as liquid and non-liquid, where liquid funds are readily used for our expenses like cash on hand and bank balances, non-liquid funds are not immediately useful for our day to day expenses. If funds are non-liquid, then we may not be able to use it when there is a crisis. Financial requirement is a very important factor in everybody’s life and the requirement may vary according to the person. The best way to opt for liquidity from non-liquid assets is a mortgage loan. Here, it involves pledging the property as security for the loan, where it will be easily available, and end-user can be
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Location: Chennai, Tamil Nadu, India
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