Quikrupee, Online Financial Platform

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

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

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

Overview Becoming a self-employed businessman is a great reputation in the society but the problems faced by the entrepreneurs from the day one of the business is enormous. It is a great challenge for a person to overcome all obstacles to become a successful businessman. The numero uno problem faced by all is finance. Even great entrepreneurs of various industries have struggled a lot of financial crisis for setting up their business and to run their daily business operations. Thus finance plays a major role in the life of business people. Great ideas require the necessary financial support to bloom into a successful business. Introduction There are various sources for business people to raise capital for their business. The most trusted source is from banks. There are various reasons why people choose banks as the best source for raising capital for their business. Banks provide a lower cost of funds in the form of Business Loans . There are various types of business loans at