Poonawalla Fincorp Banner

Browse through our curated library

thumbnail image Credit Review
Credit Review - Meaning, Purpose, and How Does It Work?

Category : Financial Insights

Poonawalla Fincorp Team • Aug 25, 2023 • 1675 views

In the financial world, credit review plays a pivotal role in determining an individuals or a businesss creditworthiness. This comprehensive evaluation conducted by lenders and financial institutions allows them to assess the risk involved in lending credit and make informed decisions regarding loan approvals, interest rates, and credit limits.

thumbnail image Top Problems Faced by Women Entrepreneurs
Top 4 Problems Faced by Women Entrepreneurs

Category : Business Loan

Poonawalla Fincorp Team • Aug 24, 2023 • 7906 views

In today’s era, we can witness the rise in the percentage of women entrepreneurs in India and worldwide. This progress can be attributed to the relentless dedication of women in pursuing their ambitions.

thumbnail image Eligibility Documents for MSME Loan
Eligibility Criteria for MSME Loan and Required Documents to Apply

Category : Business Loan

Poonawalla Fincorp Team • Aug 24, 2023 • 3957 views

The Micro, Small, and Medium Enterprises (MSME) sector in India plays a crucial role in driving economic growth, employment, and exports. According to the Press Information Bureau, over 42.67% of the nation’s exports came from this sector and it provides employment to more than 84,23,452 individuals.

thumbnail image Better to Take Loan or Use Your Savings
Is it Better to Take a Loan or Use Your Savings?

Category : Financial Insights

Poonawalla Fincorp Team • Aug 23, 2023 • 1551 views

Taking a loan vs. using savings is a never-ending debate for individuals. There is no perfect choice between taking a loan vs. using savings. Both these options are viable as per personal choices and financial requirements.

thumbnail image 6 Best Business Loan Schemes for Women Entrepreneurs
6 Best Business Loan Schemes for Women Entrepreneurs in India

Category : Business Loan

Poonawalla Fincorp Team • Aug 23, 2023 • 4192 views

In India, more women are venturing into the business world and making their mark as entrepreneurs. To empower and support them, certain loan schemes for women provide the financial assistance they need to sustain their business

Machinery Loan for Heavy Duty Business
Why Machinery Loan is a Crucial Aspect for Any Heavy-Duty Business?

Category : Machinery Loan

Poonawalla Fincorp Team • Aug 22, 2023 • 7311 views

Since the first Industrial Revolution, it is evident that the key to running a successful business lies in high-quality equipment/machinery to operate efficiently. Industries like construction, metallurgy, and agriculture often rely on specific equipment or heavy machinery to ensure everything runs smoothly.

thumbnail image CRIF Report Importance
CRIF Report - Meaning, Why it is Required, and Importance

Category : CIBIL Score

Poonawalla Fincorp Team • Aug 22, 2023 • 5366 views

A credit report is a vital document while applying for any kind of loan. Financial institution asks for credit report to check your creditworthiness and repayment behaviour.

thumbnail image What is the Interest Rate on MSME Loan
What is the Interest Rate on MSME Loan?

Category : Business Loan

Poonawalla Fincorp Team • Aug 21, 2023 • 3383 views

Micro, Small, and Medium Enterprises (MSMEs) are crucial in a countrys economic growth and development. To support the growth of these enterprises, financial institutions offer MSME Loans with competitive interest rates.

thumbnail image What is Term Loan Interest Rate
What is Term Loan Interest Rate & How it is Calculated?

Category : Business Loan

Poonawalla Fincorp Team • Aug 21, 2023 • 4808 views

When considering a Term Loan, its essential to understand the interest rate associated with it. The Term Loan interest rate determines the cost of borrowing and significantly affects the total amount you repay over the loan tenure.

thumbnail image What is Working Capital Term Loan Meaning and How It Works
What is Working Capital Term Loan - Meaning, and How It Works?

Category : Business Loan

Poonawalla Fincorp Team • Aug 21, 2023 • 4490 views

Running a successful business requires adequate working capital to manage day-to-day operational expenses and cash flow. However, there may be times when businesses face temporary financial gaps or require additional funds to support their ongoing operations.

thumbnail image What is micro credit
What is Microcredit - Definition, Types and How It Works

Category : Financial Insights

Poonawalla Fincorp Team • Aug 20, 2023 • 2671 views

Microcredit, also known as microfinance, is a financial service that provides small loans to low-income individuals or groups who have limited access to traditional banking services. It aims to alleviate poverty, promote entrepreneurship, and empower individuals to start or expand their small businesses.

thumbnail image What is Impact of MSME on Indian Economy
What is the Impact of MSME on the Indian Economy

Category : Business Loan

Poonawalla Fincorp Team • Aug 20, 2023 • 3786 views

The role of MSME in the Indian economy is significant. They contribute to economic growth, employment generation, and industrial development. MSMEs play a crucial role in boosting manufacturing and industrial growth, creating jobs, and driving GDP growth.

Loading...
Contact Us logo Quick Apply CIBIL Score logo Free CIBIL Whatsapp logo Connect on WhatsApp