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: 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...