Cibil score for bank loan
TransUnion CIBIL is a premier credit rating agency among the top four agencies in India. CIBIL has affiliations with almost every other bank in India, estimating the creditworthiness of millions of enterprises and individuals. A great CIBIL score denotes that a person follows great financial discipline and integrity. Every time an individual applies for a [...]
How to Improve CIBIL Score
If you have a low CIBIL score, then don’t think it’s the end of all loans, you can improve the score and go for credit. You can improve the CIBIL score by following the given steps & it takes over six months and more for such improvements to reflect in one’s credit report. Avail [...]
How to get a business loan?
A business loan is sanctioned to start a new business, expand an existing business purchase assets etc. Most entrepreneurs don’t know how to apply for a bank loan or what are the procedures. Here we are explaining the procedures for getting a bank loan. If we can make it much simpler, an entrepreneur must [...]
Second Installment under MUDRA Loan/PMEGP
From 2008 onwards the PMEGP loan scheme is there in our country. Those who availed MUDRA loan and PMEGP and also if you are repaying the loan properly, then you are eligible for getting another loan up to 1 crore. Exiting isn't? MUDRA and PMEGP are two prominent MSME loan scheme available in India [...]
Check list for MSME Loans upto Rs.10 crore
The following is the Check list for MSME Loans up to Rs.10 crore: Proof of Identity: Aadhaar Card / Voter’s ID Card / Passport / Driving License / PAN Card /Signature identification from present bankers of proprietor, partner of director ( if a company) Applicant should not be a defaulter in any Bank/Financial Institution [...]
PMEGP Loan Process Step by Step: How to Apply and Get Approved
Considering starting a business of your own but afraid of financing? The answer could be the PMEGP loan. The Prime Minister Employment Generation Programme (PMEGP) is an initiative of the Government of India which provides financial support and subsidies to first-time entrepreneurs to convert their ideas into reality. This blog will take you through [...]