Quikrupee, Online Financial Platform

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: 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...