A credit score is so much more than just a number. It’s what stands between the business owner and the business loan product for him. A good credit score is a key to qualifying for a business loan and receiving…
Qualifying for a business loan is easier when the business owner is prepared. Whether he is applying for a small business loan with the bank or an NBFC, the applicant should be familiar with the lender’s requirement. Knowing all the…
A credit score is the primary business loan requirement that every borrower has to meet. All loan lenders consider the credit score of the applicant to determine his eligibility. It is a crucial factor in the loan underwriting process. It…
With easier availability of business loans, a business owner can meet financial needs without much hassle. However, high interest rates may strain the finances in the long run. Hence, it’s is a good option to avail a top-up business loan…
An eight-member expert committee, constituted by the Reserve Bank of India, has reportedly suggested eliminating the requirement for collateral to avail loans (collateral-free business loans) of up to Rs. 20 lakhs for the MSMEs. Notably, the current ceiling for the…
