Quikrupee, Online Financial Platform

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...

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...

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-t...

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 ...