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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 • 4403 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 • 10075 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 micro credit
What is Microcredit - Definition, Types and How It Works

Category : Financial Insights

Poonawalla Fincorp Team • Aug 20, 2023 • 5183 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 • 4824 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.

thumbnail image What is Capital in Business Meaning Types and How Its Used
What is Capital in Business - Meaning, Types, and How its Used

Category : Business Loan

Poonawalla Fincorp Team • Aug 19, 2023 • 4656 views

Capital is a fundamental concept in the world of business. It refers to the financial resources that a company uses to fund its operations, investments, and growth. Understanding the various types of capital and how to effectively utilize it, is essential for business owners and entrepreneurs.

thumbnail image What do you Understand by Outstanding Overdue Payments
Outstanding & Overdue Payments - Everything You Should Know

Category : Financial Insights

Poonawalla Fincorp Team • Aug 19, 2023 • 18455 views

In the realm of personal finance and business transactions, managing payments is of utmost importance. Two common terms often used in this context are "outstanding payments" and "overdue payments." Understanding the difference between these terms and the implications they carry is crucial for maintaining financial stability and avoiding potential consequences.

thumbnail image What is Credit Repair How Do Credit Repair Companies Work
What is Credit Repair - How Do Credit Repair Companies Work?

Category : Financial Insights

Poonawalla Fincorp Team • Aug 18, 2023 • 2700 views

In todays world, credit plays a vital role in our financial lives. It influences our ability to secure loans, obtain favourable interest rates, and even rent an apartment. However, a less-than-stellar credit history can hinder these opportunities, making it challenging to achieve financial goals. This is where credit repair comes into the picture.

thumbnail image What Are the Eligibility Criteria for Taking a Loan for Education
What Are the Eligibility Criteria for Taking a Loan for Education?

Category : Personal Loan

Poonawalla Fincorp Team • Aug 18, 2023 • 2852 views

In todays world, pursuing higher education often requires a significant financial investment. While scholarships, grants, and savings may cover a portion of the expenses, many individuals turn to Personal Loans to bridge the financial gap.

thumbnail image What Is An E Mandate How Does It Work
What Is E-mandate? How Does it Work?

Category : Financial Insights

Poonawalla Fincorp Team • Aug 17, 2023 • 4897 views

In the digital era, traditional methods of authorizing and processing payments have evolved to keep pace with technology. One such advancement is the introduction of e-mandates, which provide a convenient and secure way to authorize recurring payments electronically.

thumbnail image What Is A Credit Derivative
Credit Derivatives - Meaning, Types, and How It Works

Category : Financial Insights

Poonawalla Fincorp Team • Aug 17, 2023 • 3984 views

In the complex world of finance, credit derivatives have emerged as important instruments for managing credit risk. Credit derivatives are financial contracts that derive their value from underlying credit instruments, such as loans, bonds, or other debt obligations. These instruments enable investors to transfer or manage credit risk without owning the actual underlying assets.

thumbnail image Top 10 Profitable Big Business Ideas
Top 10 Profitable Big Business Ideas

Category : Business Loan

Poonawalla Fincorp Team • Aug 16, 2023 • 13641 views

The top 10 successful big business ideas that can help you achieve your entrepreneurial goals. Whether you are an experienced entrepreneur or a budding businessman, these ideas are worth considering for their potential to generate substantial returns on investment.

thumbnail image Top 10 Business Ideas for Men in 2023
Top 10 Business Ideas for Men in 2023

Category : Business Loan

Poonawalla Fincorp Team • Aug 16, 2023 • 4148 views

Entrepreneurship and business ownership provide men with a pathway to independence, financial stability, and personal fulfilment. In 2023, several lucrative business opportunities are emerging across various industries. Whether your an aspiring entrepreneur or looking for a new venture, these top 10 business ideas for men offer exciting possibilities.

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