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Showing posts from September, 2021

All you need to know about overdraft against salary

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  One of the most preferred loan is   overdraft against salary   offered to salary account holders by various banks & NBFC's at competitive rates. If you are planning to avail this credit facility, make sure you know about it well.   Features & benefits of overdraft against salary Get loan at attractive interest rates Quick processing Interest payable for withdrawn amount only Digital processing available One time processing fee   Eligibility criteria of overdraft against salary Age: -  Applicant age should be above 21 & below 60 Work Experience: -  You must have 3+ years of experience & latest 1 year should be with same organization. Income: -  Your minimal income per month must be above Rs. 30,000.   Documents required for overdraft against salary 1. Identity proof (any one of the following) - Aadhar Card Pan Card Voter ID 2.Residential proof (any one of the following) - Rent Agreement or Lease Agreement Ration Card Passport...

Supplier’s Credit | Meaning & Process | Financeseva

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  Have you heard about Supplier’s credit its an facility of arranging funds for importers using LC. Even you can avail   Supplier Credit   for better Cash Flow. What is Supplier’s Credit? Supplier’s Credit  relates to credit for imports into India extended by the overseassuppliers or financial institutions outside India. Usance Bills under Letter of Credit(LC) issued by Indian bank branches on behalf of their importers are discounted by Indian bank overseas branches or Foreign bank. Why is Supplier’s Credit required? Suppliers would ask for sight payment where as you want credit on the transaction. At times, in capital goods, banks would insist on using term loan instead of buyer’s credit. By this way you can avail cheap LIBOR rate funds and your supplier would also not mind as he is getting funds at sight. How quickly can the supplier sign up for supplier finance? Once the buyer has agreed to the participation, the on-boarding process can be quic...

BanK GuarantEE \\ MEANING , FORMAT & Type !! What is Bank guarANteE

BanK GuarantEE \\ MEANING , FORMAT & Type !! What is Bank guarANteE What you mean by Bank Guarantee Eligibility Criteria? Bank guarantees are made by bank giving the commitment of liabilities of debtor will be provided in case he or she failed to make payments. Bank guarantees process take place to promote domestic & international trade. Not everyone able to apply, there is a specific eligibility you need to look forward.

Supplier's Credit | Meaning & Process | Financeseva

Supplier's Credit | Meaning & Process | Financeseva What you mean by Supplier Credit Eligibility Criteria? Supplier credits helps in getting ability to negotiate commercial terms with suppliers, access to the raw materials, capital goods at lower interest rates & as an exporter you will able to receive the payment immediately.

Buyer's Credit ! Meaning & Process | Financeseva

Buyer's Credit ! Meaning & Process | Financeseva What you mean by Buyer Credit Eligibility Criteria? This type of facility is generally offered to importer for the purpose to finance their capital goods wherein overseas lender such as financial institutions aid to support them. These credits are preferred by international trading buyers as it provides the accessibility to purchase goods at lower rates as compared to purchasing via domestic. Lender finance to those buyers who purchase large order with minimal risk.

Machinery Loan ! Interest Rate FOR Startup | Financeseva

Machinery Loan ! Interest Rate FOR Startup | Financeseva What you mean by Machinery loan Eligibility Criteria? For any business without machinery & equipment is totally incomplete to compete with their competitor & successfully grow in industry, where machinery loan help in getting it done in very seamless way. Even some bank provide the relaxation of no collateral/assets required to pledge to avail machinery loan & subsidy on machinery loan also available. Then what are you waiting for check your eligibility criteria to apply for loan.

Personal Loan !! Instant Apply Personal Loans Online @ 10.25%

Personal Loan !! Instant Apply Personal Loans Online @ 10.25% What you mean by Personal Loan Eligibility Criteria? Personal Loan is a kind of unsecured loan which can be opted to various reason, you can avail up to 25 lakh with minimal documentation. You just need to ensure that you meet eligibility requirements.

SBI Supply Chain Finance by financeseva

SBI Supply Chain Finance by financeseva :  Supply chain finance is typically a short term loan as similar to working capital for running business & existing business can also avail this type of loan.

SBI Supply Chain Finance by financeseva

SBI Supply Chain Finance by financeseva

Home loan | Home Loan EMI calculator | NRI Home Loan

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Major points to consider while applying for home loan to ease your process   Major benefit of  home loan EMI calculator While planning to purchase a home through finance, you want to know about its monthly EMI whether its affordable to pay or not & for that calculation, you need a specific home loan EMI calculator which helps you to get a wide range of forecast monthly payable EMI upon your given input of loan amount, interest rate & tenure period to repay the principal amount. The major benefits of calculation will aid to do proper loan management, able to compare best deals & stronger financial planning.     Avoid loan rejection at the time of application Top 5 points to consider in terms of avoiding loan rejection as below given:- Close your existing debt Pay your all bills in time Don’t carry too much credit card Prefer to take joint home loan Maintain good credit score   Home loan is good or bad? There are few benefits & losses in availing ...