Quikrupee, Online Financial Platform

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 perso...

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...