Table of contents:

1. Summary
2. Introduction
3. Types of payment solutions
4. The pros and cons of payment solution
5. How to choose a payment solution that fits your business
6. The best fit for your business
7. Conclusion

In an increasingly digitized world, it’s important to have a strong understanding of payment solutions. From online shopping to in-app purchases, we’re using various forms of payment more and more. But, by what exactly are we paying? And how do these payment solutions work? This article has answered all these questions and read the full article to know all about the payment solutions.

Introduction

Payment solutions should be at the top of the list of your priorities for running a successful business. The most essential thing to discuss is what payment solutions are? Payment solutions include dealing with payments and everything it entails. This includes credit cards, debit cards, cash, and any other kind of payment that one may be required to handle for the company for which they work. Payment gateway is one of the best solutions for the payment need.

There are numerous payment solutions to select from and choosing the best fit for your business can be difficult. However, in this article we will discuss all you need to know about the payment solutions.

Types of payment solutions

There are numerous payment alternatives available to organizations today. Each has benefits and drawbacks that should be considered when selecting a solution for your business.

• Credit Cards: Credit cards are one of the most common payment options, providing customers with convenience and flexibility. They do, however, come with significant fees that can eat into your income.
• Debit Cards: Although debit cards are a less expensive alternative to credit cards, they may not be accepted by all companies. Debit card transactions may also take longer to process than credit card purchases.
• Wire Transfers: While wire transfers are a quick and secure way to transmit money, they can be costly. Wire transfer fees vary depending on the amount sent and the destination country.
• Online Payment: An online payment solution is a terrific method to grow your business. There are numerous advantages to using an online payment system, including convenience, security, speed, and ease of use.
• Payment gateway: A payment gateway is the user interface and the technology that merchants use to receive and card payments from their consumers.

Did you know: Prepaid cards are more popular among the younger generation, and credit card use is much lower when compared to the previous generation.

The pros and cons of payment solution

Businesses can choose from a range of payment options nowadays. Credit cards, debit cards, and other payment systems provided by many businesses are the most popular payment options. Credit cards are the most generally accepted payment method, followed by debit cards and other forms of payment.

Businesses must select the best payment system for their requirements. Credit cards have the most widespread acceptability and are ideal for firms that need to process a high volume of transactions. Debit cards have a reduced cost per transaction and are ideal for businesses with fewer transactions. Here are some of the pros and cons of payment solutions.

Did you know: Without the merchant account, the payment processor cannot proceed. 

How to choose a payment solution that fits your business

• When selecting a payment option for your business, there are a few factors to consider. The first step is to choose the nature of your business. This determines the types of payments you can receive. If you own an online business, for example, you’ll need a payment gateway service to accept card payments. If you have a physical store, you might be able to get by with simply a POS system that accepts cash and cheques.
• You should also think about what your customers want. They may be unwilling to transition to a new payment option if they are used to paying with cash or check. However, if you provide a new payment method that is more convenient for them, they may be more likely to utilize it.
• Finally, you should examine the fees connected with various payment options. Some solutions have a per-transaction fee, while others have a monthly price. You should also consider whether you require extra services such as recurring payments or automatic fraud detection.

To set up a payment solution, you must first complete a few steps. First, you must select a service provider. There are numerous providers available, so you’ll need to compare their services to locate the greatest fit for your company. After you’ve decided on a provider, you’ll need to open an account with them. This simply requires some basic information about your company, as well as your contact and billing details.

Once your account is set up, you need to merge your payment option with your website or online store. This method will differ based on the platform you are using. Once everything is in place and operational, you can begin receiving payments from customers.

Did you know: Merchant service providers’ role is to manage the payment process or transaction between businesses and their customers.

The best fit for your business

NTT DATA Payment Services, a Payment Service Provider and payment gateway, specializes in providing customers with a safe and quick means to transfer money for merchandising. NTT DATA Payment Services India has helped over six million merchants with an annual transaction value of eight hundred million.

Multi-bank EMI, multiple payment modes, easy retry, invoice payment, and payment options such as debit cards, credit cards, net banking, challan, UPI, Bharat QR Scan and Pay, Wallets, NEFT/RTGS, and much more are the service offered by NTT DATA Payment Services.

Conclusion

Everything you need to know about payment solutions is right here. With so many options available, it might be difficult to select the best one for your company. However, by keeping these important factors and points in mind, you can break down your options and find the ideal payment solution for your business.

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In an emergency, loans make getting a small loan incredibly easy. You can take advantage of instant personal loans from registered banks and NBFCs through mobile apps and their websites. You can visit your lender’s website to check your eligibility, fill out the application, and submit your documents on your phone. Your lender will verify your eligibility quickly and share the details of your approved loan limit. 

After verifying your eligibility, you will be contacted to discuss your requirements and set up the loan terms. The womens bikes on finance agreement can only be approved after your documents have been verified and your signed consent is received. It only takes minutes for the loan amount to be disbursed once approved. Motorcycle loans are the first step one takes these days when planning to buy a bike.

Why is that so? There is an exponential increase in the price of motorcycles. Thus, cash cannot be used to purchase a bike. Additionally, when one takes out a two-wheeler loan, one can take advantage of several attractive features. The following are some of them:

• Almost all traditional lenders (banks) and non-traditional lenders (non-banking finance companies) offer up to 100 percent bike financing.
• In addition to the loan amount, the motorcycle registration fees are also covered. With the bike loan, you are also covered for insurance costs.
• Borrowers can enjoy low-interest rates when applying for secured bike loans.

Two-wheeler loans are easily accessible and can be used to purchase a bike. For several benefits, an individual must take out a bike loan, even if they have the money to cover the expense. Two-wheeler loans have some advantages over other loans, including:

Availability

Salary employees and self-employed professionals have access to these loans.

Good Interest Rates

As secured loans, they have lower interest rates than other loans because the borrower secures them against the two-wheeler.

Flexible Repayment

After receiving the ladies’ two-wheeler amount, the borrower does not have to repay it within a certain period. Borrowers can select repayment tenures and EMIs based on their budgets, with many NBFCs offering flexible repayment plans.

The borrower may also qualify for a zero-down payment two-wheeler loan, so the finances are not burdened.

Loan amount

Lenders would offer a two-wheeler loan with a loan to value (LTV) of around 95%, ranging between Rs 10,000 and Rs 100,000. Depending on the type of two-wheeler you’re buying, such as brand-new or second-hand, you will have a different Loan to Value (LTV) ratio. There is usually no hassle involved in the loan processing process.

EMI (Equated monthly instalment)

When you finalize the two-wheeler amount, check whether the EMI amount suits your needs. There should be no problem paying for it. To help you maintain your regular expenditures, lenders offer multiple loan tenures ranging from 12 to 48 months. The repayment can be made through your preferred payment method, such as cash, net banking, PDC, ECS, etc.

Interest rate

Interest rates are a culmination of your age, income, employment status, credit history, etc. Two-wheeler interest rates may vary according to the model you are purchasing, but you can find them here. Festivals, monsoons, winters, etc., may have discounts and offers.

Residential proof

Lenders prefer you live at the same address for a year before applying for a 2-wheeler loan. You need this to prove that you have a place to stay, either your own or rented.

Income

Proof of a stable income is required. You can work as a salaried employee or as an independent business owner. Salary slips and bank statements will suffice for salaried workers. If you are a business owner, you should prepare your IT return documents, profit and loss statements, and balance sheet. Usually, the lender will ask for the documents for a certain time.

Your CIBIL Score

The importance of this criterion cannot be overstated. The lenders will check your credit score based on your CIBIL score. In India, it is prepared by the Credit Information Bureau of India Limited, also known as CIBIL. There is a range within which the score falls. Using your credit history, the credit rating agency would compute your bike loan cibil score based on payments and dues on your credit cards. When your CIBIL score exceeds 750, you will have a greater chance of being approved. The interest rate on a loan may also be lower if you have a good credit score.

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Financial planning at an early age can be really helpful as it can guide you about what steps you need to take in order to set yourself up for a financially independent time ahead. However, not all plans go according to what is decided on the paper. At times, when things don’t go well, you can rely upon a lender to avail personal loans. 

A personal loan is an unsecured loan. It does not need any collateral. It also is not restrictive on the type of expense you make after receiving the personal loan amount. In India, you can easily receive a personal loan amount of about 10 lakh rupees with a tenure of about 5 years. A personal loan is easy to avail as it does not have many complications & the personal loan process is swift in nature. You can receive your personal loan amount within hours after approval. 

Personal financial planning is one of the fundamental steps towards sound financial health. 5 terms can encapsulate it. The terms are as follows: 

• Savings
• Investments 
• Financial interest protection
• Tax planning 
• Retirement Planning 

Let us go into the depth of each of these terms & get a better idea about personal financial planning. 

1. Savings for the future: Life is unpredictable & we do not know what crisis may hit us at any given moment. In order to tackle such situations, we need savings. Savings are basically what remains of your income after expenses & investments. Debt instruments are a wise way to keep the money invested as well as get returns. The investment in these instruments can be easily withdrawn when the need arises. 
2. Investments: Investment is what you set aside for the future & it increases the value of the funds. It increases with passing time & in an asset. Investments are savings that add value & provide you with more money for the future. Investment can be divided as per your needs & goals. They can be short-term & long-term and can also be divided based on your risk appetite. 
3. Financial interest protection: Protecting your finances & financial interests of your dependents is an important step towards financial planning. If your finances are vulnerable to crises, you may easily face trouble. Therefore, insurance is what helps you protect your financial interests. Insurance like term insurance, health & critical illness insurance, accidental insurance & mortgage protection insurance are the best choices. 
4. Tax Planning: Tax planning is different from tax evasion. Tax planning involves making investments & other expenses in a way to save tax. Examples of tax saving sections are section 80C & section 80D, among others. 
5. Retirement planning: Planning is always for the future. So, if you are planning your finances, you need to account for your retirement as well. Leading a stress-free retirement life is what everyone dreams & aspires for. 

Taking charge of your financial status & health today is one of the smartest things you can do in these turbulent times. Consulting a mentor or a professional may help you with better guidance besides conducting research independently. 

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Fixed deposits, often known as FDs, are types of financial instruments that provide investors with a secure and risk-free way to build wealth through the accumulation of compound interest. Many people are unaware of the fact that FDs are made available not only by banks but also by various non-banking financial institutions. 

Fixed Deposit is a safe and popular investment option that guarantees constant interest rates, offers special rates for senior citizens, offers multiple interest payment options, and is not subject to market risks. FD accounts can be opened in a bank because they are the most secure place. FDs offered by banks have lower risks than any other comparable alternative. As a result, your money is secured; if the bank completely shuts down its operations, your security deposit amount will be paid as compensation. 

An NBFC fixed deposit is an investment option offered by various non-banking financial institutions. According to the Companies Act, a Non-Banking Financial Company has a primary objective of leasing, arranging loans or investments, hire-purchase insurance, and receiving deposits by chit funds in a lump sum or arrangement of installments under any scheme. 

Which investment option provides high FD Rates – Bank or NBFC?

It is advisable to invest with NBFC if you are doing FD rates comparison between Bank FD rates and NBFC FD rates. In order to gain higher interest rates on your investments, you can invest your hard earn money in NBFCs. NBFCs offer a 1% to 2% interest rate hike when compared to banks, so it is a good thing to invest in NBFC offering higher rate of interest. 

Difference between Bank FD vs NBFC FD

Tenure 

Usually, bank deposit schemes with varying tenures are available that range between 7 days and up to 10 years. In contrast, in the NBFCs, the deposit period is slightly different. In most cases, the minimum tenure starts at 12 months, and the maximum tenure is close to 5 years.

Security for the amount invested 

When you deposit money in a bank FD after doing FD rates comparison, the amount you deposit is insured to a maximum of INR 5 lakhs. When the bank winds up its operations, the bank will refund you up to INR 5 lakhs. The money you deposit with a bank through a fixed deposit is safe and secure. There is no need to worry about your investments. An NBFC provides no such security for an FD. The insurance cover of INR 5 lakhs is available only for bank deposits. It is important to note that NBFC FDs are risky in any way. 

Interest rate 

After FD rates comparison, you can observe that fixed deposits offered by banks generally have lower interest rates than those offered by NBFC. The interest rate might begin at 2.50% and rise to 6.5% or 7% in the future in bank fixed deposit. However, fixed deposits offered by NBFCs have attractive interest rates, starting at 7% and increasing to 8.50% and even higher than that. 

Tax benefits 

As a result of investing in a 5-year deposit plan offered by a bank, the amount you invest in FD after doing FD rates comparison would be allowed as a deduction from your taxable income. A deduction of up to INR 1.5 lakhs can be considered under Section 80C. In contrast, senior citizens can take advantage of interest income up to Rs 50,000 in tax-free Section 80TTB of the Income Tax Act, 1961. There is no tax benefit on the interest you earn when investing in an NBFC FD. 

Final Words

A bank fixed deposit offers good tax benefits. In contrast, an NBFC FD is a great choice because of its higher interest rate, cumulative interest, and tax benefits. If your income is unstable and your expenses are higher, do not avail of the NBFC FD since they have a higher deposit penalty for premature withdrawals. Before investing in Bank FD or NBFC FD. You should perform FD rates comparison and compare the maturity amount by using fixed deposit rates calculator tool online to make better decision. 

Bank fixed deposits are the best choice because they offer a very long tenure, and when the tenure is long, it is possible to expect long-term interest. In contrast, NBFC FDs are only available for up to five years. The presence of both fixed deposits is the best of both, but it is essential to choose the right fixed deposit based on the investor’s goals.

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Many aspiring home buyers fund their purchases with a housing loan. Apart from providing financial support to buy a fixed asset, a home loan also enables a borrower to avail of several tax benefits according to the Income Tax laws. Sections 80C and 24 provide multiple tax benefits to home loan borrowers. However, one may increase their benefits by taking a joint loan. All the co-applicants receive tax benefits, which means several individuals can make higher tax savings by co-applying for a home loan. 

Know About the Tax Benefits of a Joint Home Loan 

For joint home loans, all the co-borrowers receive the applicable joint home loan tax benefit. It means they can share the tax deductions, especially if they share the annual home loan payments. It is applicable for a single loan product, which is a joint house loan. These are a few tax benefits one may avail:

• Tax Benefits Under Section 80C

Under the Income Tax Act Section 80C, each co-applicant can claim a tax deduction of up to Rs. 1.5 lakh per annum on loan EMI’s principal amount. The exemption includes other investment contributions, including life insurance premiums, PPF, etc. However, this deduction is applicable for fully-constructed properties only, and they should be self-occupied by the borrower. 

• Tax Benefits Under Section 24(B)

Under this section, joint home loan borrowers can claim tax deductions of up to Rs. 2 lakh per annum on the loan EMI’s principal and interest components. This deduction is applicable whether the borrower self-occupied or rents out the property after purchase. However, one condition is that the property’s construction should finish within five years of the home loan application online and disbursal. Otherwise, the tax benefit will reduce to Rs. 30,000 per annum.

Conditions to Avail Tax Benefits on Joint Home Loans

These are a few conditions that one must fulfill to claim a joint home loan tax benefit:

• The proportion of the loan ownership determines the fraction of the tax benefit for each co-applicant.
• Each candidate can claim not more than the maximum tax benefit through a home loan, which is Rs. 1.5 lakh per borrower and Rs. 2 lakh for the principal repaid.
• The home loan must be taken by providing the names of two individuals.
• Each co-applicant’s share of loan ownership should be mentioned in the loan agreement in percentages.
• The co-applicant must be a close family member.

Besides these, one may avail of tax benefits on joint properties under three situations outlined below:

• The borrower claiming tax benefit should be the property’s co-owner as well.

One must be a property’s co-owner to avail of tax benefits for a joint loan. According to the loan agreement, co-borrowers who jointly apply for a home loan must share the property’s ownership as well to claim any tax benefits. 

• The individual claiming tax benefits should be the home loan’s co-borrower.

An individual claiming the tax benefit should co-apply for the loan and contribute towards its repayment.

• The property must be constructed completely.

Tax benefits on residential properties are applicable only after their complete construction. A property that is under construction is ineligible for tax incentives. On the other hand, an individual can claim any expenses made before the property’s construction in equal payments afterward. 

What if the Borrowers Take a Loan from Friends and Family Rather than a Home Loan?

If an aspiring home buyer borrows a loan from a friend or relative and pays interest to them, they may avail of tax benefits on the interest payment under Section 24. However, they must provide a formal certificate for the same. The person receiving income from the interest is also liable to pay the income tax. For such individuals, there are no tax exemptions on the principal loan amount, which is why it is wiser to take a home loan rather than borrow from friends or relatives.

As mentioned above, home loan co-applicants may avail of a joint home loan tax benefit in multiple ways. They may also claim exemptions on stamp duty and registration fees. So, apply for a home loan jointly and maximize tax benefits while becoming a proud homeowner. Additionally, joint loans are always beneficial, as they increase the loan amount and reduce the repayment burden through the power of sharing.

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The EMI (Equated Monthly Instalment) mode of payment enables a borrower to re-pay the loan amount on equal monthly instalments. It includes repayment of the principal amount and interest payment on the home loan’s outstanding amount. However, manually computing EMIs can be tricky as it may comprise errors. This is why using a home loan interest calculator is recommended. 

How to calculate home loan EMI?

The formula for computing EMI on a home loan is:

P x R x (1+R) ^N / [(1+R) ^N-1] where-

P = Principal amount

N = Loan tenor (in months)

R = Monthly / Annual interest rate

To do away with this tedious calculation and avoid chances of errors, reputed financial institutions provide an online home loan interest calculator to simplify the process.

Applicants can determine the EMIs by providing three information on the calculator to get accurate results including:

• Principle amount
• Tenor
• Interest rate

Features of housing loan EMI calculator

• The EMI calculator for home loans is an online platform where a customer easily analyses his/her monthly loan instalment. 
• A borrower only needs to enter the desired loan amount, interest rate, and loan tenor. 
• The house loan interest calculator will determine the amount a borrower has to pay per month. 
• Nevertheless, the home loan interest calculator facilitates borrowers to schedule their home loan repayment according to their affordability.

List of documents required for housing loan

Applicants need to submit the following documents while applying for a housing loan. They are as follows:

• KYC documents (includes Aadhar card, driving licence, passport, voter ID card etc.)
• Employment ID
• Salary slips (last two months)
• Bank account statements for the last three months (for salaried individuals)
• Bank account statements for the last six months (for self-employed professionals)
• Income tax returns for last the 3 years (for self-employed professionals)
• Property related documents

Benefits of calculating EMI before availing of a home loan

The three benefits of computing EMI before going for a home loan are:

• Helps in deciding the borrowing amount
• Arrangements for repayment 
• Helps in planning prepayments  

However, prospective applicants must check whether they qualify the eligibility criteria set by their respective lenders.

What are the home loan eligibility criteria?

Home loan eligibility criteria vary from lender to lender. Further, the parameters depend on the employment of the borrowers. A few criteria among them are as follows:

For salaried individuals 

• The borrower must be an Indian citizen.
• Applicants must have a minimum of 3 years of working experience.
• The age range must be between 23 and 62 years.
• CIBIL score has to be 685 or above

For self-employed individuals

• The borrower must be an Indian citizen.
• Must have a minimum of 5 years of working experience.
• The age range must be between 25 and 70 years.
• CIBIL score has to be 685 or above

Nevertheless, applicants should consider the 6 factors affecting their home loan eligibility.

To get a home loan, maintaining a top-notch credit score is not mandatory as it is a secured loan. However, retaining a healthy credit score can always be beneficial, despite the type of loan a borrower wants. This is because financial institutions offer reasonable interest rates when the credit score is high. An individual can check how credit score can determine their home loan EMIs.

For instance, many financial institutions provide pre-approved offers that escalate the lending process. They provide these offers on various financial products like home loans, loans against property etc. Applicants can check their pre-approved offers by entering details like their names and contact numbers.

Lastly, a borrower needs to be cautious before taking a housing loan and must read every necessary term and condition. If they find any difficulty calculating EMIs, they can take the help of a home loan interest calculator to overcome the situation.

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As an economy with robust growth, India has seen a rise in the salaried middle-class with a high propensity to spend. Personal loans are a convenient financial product offered by reputed lending institutions at attractive interest rates to meet various financial requirements and fulfill aspirations. As per the apex bank RBI, the personal loans market is growing at a healthy pace of 12.3% which is expected to be sustained and even increase year on year.  

These loans are available with flexible repayment tenures as per the convenience of the customer. Borrowers need to consider various aspects of the personal loan and the repayment options while applying for one to avoid an unnecessary financial burden during the loan repayment. Apart from that before going applying for a loan must check and analyze the interest rate on a personal loan for different financial institutions.One of the helpful tools for borrowers to make a wise and informed decision is a loan calculator. (Cal

What is a Personal Loan EMI Calculator? 

A personal loan EMI calculator is a ready-to-use online tool offered by the lending institutions on their official website. As the name suggests, it helps calculate the loan EMIs that a borrower will need to pay every month to the lending institution to repay the loan. It helps the borrowers to apply for a loan according to their repayment capacity and avoid taking up an excess financial obligation which may lead to unnecessary debt in the future.  

An online EMI calculator has other uses that can help decide on various aspects of a loan. Let us find out how to utilize a personal loan calculator. 

Importance of an Online Personal Loan EMI Calculator

Personal loan approval depends on various parameters. Using an online calculator, individuals can calculate their repayment obligations based on these parameters. Make loan approval easier and more convenient in the following way: 

• Determine the amount of EMI that can be conveniently paid: EMI is the primary concern of every borrower. One can estimate the loan EMIs in advance using the online calculator. It can determine the value of each EMI and the number of EMIs that a borrower will need to repay the loan. The borrower can calculate whether the loan is affordable or not. With such insights, the borrower can plan their expenses during the loan tenure to avoid any unnecessary financial issues.
• Choose the suitable loan tenure: The borrower needs to choose suitable loan tenure. The calculator can help find the right tenure for a borrower. If borrowers can afford to pay a large amount for EMIs, they can choose a short-term loan tenure, and if not, they can choose a long-term loan. A combination of different values and numbers of the EMIs should be tried to arrive at the most suitable tenure.
• Know your applicable interest rates: The interest rate depends on many factors, including the EMIs and the loan tenure. After determining the best EMI and tenure using the calculator, the most suitable interest rate should be determined. 
• Know your loan eligibility beforehand to avoid a negative impact on your credit score: An online calculator can help you find out whether you are eligible for a personal loan or not. If not, you can avoid the consequences of a declined loan application on your credit score. A credit score plays an important role in the approval of the loan.
• Use it for free till you are satisfied with the outcome values: The lending institutions allow the borrowers to use it for free for as many times they want. Since values of all aspects related to a loan in the calculator are customizable, the values can be tried in different combinations to arrive at the most suitable and desired numbers.  

This way, the personal loan calculator helps to compare the interest rate, EMI, tenure, etc., and get the best loan terms depending on the different values selected. Thus, an individual who wants to increase the chances of personal loan approval and avoid unnecessary financial burden while repaying the loan must utilize the loan calculator. With a credit score of 750+, it will be easy to get the loan approval. 

Determine the loan eligibility within a few seconds and apply for personal loans offered by lending institutions with complete transparency and simplicity. Instant online applications can be made to get these unique and customized personal loans at competitive pricing and with minimal documentation. 

The personal loan application online process is digital. The loan amount is credited into the bank account of the applicant directly after verifying your documents. The loan amount can go as high as Rs.25 lakhs for salaried and self-employed individuals to meet planned as well as sudden financial obligations. 

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Over the years following India’s independence, different land reform laws have changed the perspective of property dealings and transactions in this country. These regulations have introduced necessary standardisation in this sector and assisted prospective purchasers and lenders.

Moreover, the modulation and implantation of the different metric systems have made this process more convenient. Among various land measuring units prevalent in different parts of India, acre and square feet are counted as the most common units required by the intending property buyers. In addition to that, knowing the conversion of an acre to square feet is also essential when buying a property or availing funds against it.

How to convert acre to square feet?

Essentially used in the imperial unit system, acre is one of the earliest land measuring units used all over the world. It is primarily used to gauge agricultural land. One must know that one acre is equivalent to 43,560 square feet, and 640 acres makes 1 mile.

On the other hand, a square feet is primarily a US customary and imperial area unit. In India, this measuring unit is used to determine flat and plot measurements. Therefore, after knowing about an acre and square feet, individuals need to know about the conversion process, allowing individuals to determine the dimensions of their owned land.

The basic formula to carry out the conversion is – 

For example, consider a plot measurement is 15 acre and needs to be expressed in square feet. As per the value of equivalent units –

Since 1 acre = 43560 square feet, then,

            15 acre = 15 x 43, 560

            = 653400 square feet

Similarly, one can also calculate the process of converting square feet to acres and also other land measuring units as per requirement. By following this process, one can complete the conversion when learning about property space and dimensions.

The above-mentioned process is the conventional technique to convert acre to square feet.

However, manual calculations will entail mistakes. To avoid such issues, individuals can simplify the conversion procedure by using an acre to square feet converter. Follow the steps mentioned below for using this online tool:

Step 1- Get the exact plot or land measurement

Step 2- Seek for an online acre to square feet online calculator

Step 3- Input the acre measurement and other values in their respective fields

Within a few seconds, this online converter will display the conversion results. Moreover, individuals can convert other land measuring units as well with this calculator, and it can aid them in availing of a property loan.

Why is the conversion of an acre to square feet essential for property loans?

Land conversion can be important for multiple reasons, including when an owner is willing to mortgage property or land. Moreover, all leading financial institutions that extend mortgage loans like loan against property allow individuals to use the area conversion calculator to determine the accurate valuation of the property.

Since a loan against property is extended to the borrower in exchange for pledging a property, it is crucial for the borrowers to know the exact measurement of the land or property. Usually, the LTV for these loans can range up to 75% depending on the property’s market value. Therefore, while applying for loan against property, it is wise to evaluate the overall area measurement of the land and borrow accordingly.

With a loan against property, individuals can avail substantial amount and meet various financial requirements. Moreover, this credit does not come with any end-use restriction, which means individuals can utilise the funds in whichever way they want.

Although knowing the accurate property valuation is one of the factors to consider while taking a loan against property, borrowers must also meet the eligibility parameters and produce necessary documents to ensure a hassle-free application.

However, one must also factor in other aspects to make an informed decision. For instance, reputed financial institutions also extend pre-approved offers on a wide range of secured and unsecured loan products.  Such offers are provided to eligible borrowers to accelerate the loan application process and reduce the hassle of extensive documentation. Therefore, check your pre-approved offers by mentioning your name and contact details.

Therefore, to conclude, it is essential for intending property buyers to have a fair knowledge about the different land measuring units so that they can perform a comparison of various land dimensions before purchasing or mortgaging the property. Nevertheless, one can use these online converters for converting acre to square feet to ensure precision and accuracy.

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The rising costs of properties in India make it challenging for economically weaker sections of society to invest in real estate. However, the situation has been better with the launch of Government-backed schemes like Pradhan Mantri Awas Yojana that aims to cater to the housing needs of urban and rural populations.

The scheme was introduced in 2015, with the purpose of constructing 2 crore houses by 2022, mainly for the economically challenged section of society and low-income groups. It also enables them to get subsidised interest rates on their home loan. However, before moving forward, individuals must know about Pradhan Mantri Awas Yojana eligibility and features in-depth to make the most of it.

Features of PMAY scheme

Here is a list of all the salient features of this housing scheme:

• Under this scheme, all the ‘kutcha’ houses that have been plaguing both the rural areas and metro cities will be replaced with permanent concrete houses by the Central Government.
• Depending on the individual’s income, a credit-linked interest subsidy (CLSS) will be provided on every new house purchase. Beneficiaries from the PMAY list can opt for a home loan under this scheme and enjoy the subsidised interest rate of 6.50% for a term of 20 years.
• The houses will be constructed with eco-friendly materials.
• The scheme has made female homeownership a mandatory clause; therefore, the house must be registered under female heads of the family.
• Under PMAY, senior citizens and differently-abled individuals meeting the Pradhan Mantri Awas Yojana eligibility criteria will be aided with compulsory ground floor housing accommodation.

In order to reap the benefits of this scheme, individuals must meet the PMAY eligibility criteria. Note that the home loan sanctioning and disbursement process under this particular scheme is also linked with these eligibility parameters, set by the Central Government. To avoid loan application rejections, go through the following section containing all these parameters.

Eligibility criteria of PMAY

Following are the parameters one must meet to become a part of the PM Awas Yojana list:

• The applicant should not receive any Central Government assistance related to a housing scheme.
• Both the applicant and his/her family members must not own a pucca house in any part of the country.
• The benefits of PMAY will be available only for households with an annual income of up to Rs.18 lakh.

Now that you are aware of PMAY eligibility parameters, here is a guide regarding the online application process for this scheme.

Step 1: Start by visiting the official site of PMAY.

Step 2: Open the ‘Citizen Assessment’ tab and choose a category as per your economic background.

Step 3: Next, you will be required to fill up a PMAY application form. Make sure to provide accurate personal and professional details, bank account information, etc.

Step 4: Here, you will have to enter the security captcha code and click on ‘save’.

Step 5: You will get an application number; make sure to save or print it for future reference.

Applying for housing loans under PMAY is beneficial for multiple reasons, and one of them includes the reduction of home loan interest rates.

However, to reduce interest rates, you should also look for pre-approved offer provided by reputed financial institutions. These offers are available on several financial products, like home loans, loans against property, etc. To check your pre-approved offer, you just have to provide your name and contact details.

Becoming a homeowner has become easier with the availability of such housing schemes, and individuals can also make substantial savings while investing in residential properties. However, besides meeting Pradhan Mantri Awas Yojana eligibility, make sure to go through the terms and conditions of this scheme to avoid complications later.

The post Important Features of the Pradhan Mantri Awas Yojana (PMAY) appeared first on Today News Spot.

Paying income tax is mandatory in India if an individual has an annual earning that crosses a pre-set threshold. However, calculating income tax on a housing loan manually can be a challenging affair at the end of a fiscal year. Thus, opting for an income tax calculator 2022 can significantly ease this calculation and provide taxpayers with accurate results. Although the income tax calculator is a significantly easy tool to use, one should learn the process of utilising it to his/her benefit.

Steps to Use Income Tax Calculator 

The steps to use an online income tax calculator 2022 are – 

• Step 1: Visit the official website of the Income Tax Department of India
• Step 2: Navigate to the income tax calculator
• Step 3: Enter assessment year, and taxpayer’s name, gender, and whether he/she is a senior citizen
• Step 4: Enter the residential status
• Step 5: Enter income from salary and every other sources
• Step 6: Provide the deductions, including TDS, STCG, LTCG, and others
• Step 7: Click on the ‘calculate’ option and get the required information

Thus, before paying tax, it is beneficial to know the income tax categories in India. For the ease of taxpayers, the classes of income tax slabs are provided below.

Categories of Income Tax Slabs

The income tax slabs for salaried and self-employed citizens are categorised into 3 primary sections – 

1. Citizens below 60 years of age.
2. Senior citizens below 60 and 80 years of age.
3. Citizens above 80 years of age. 

Irrespective of the tax slab one opts for; prospective homebuyers can get a deduction on income tax against their loan repayment.

Income Tax Saving on Home Loan

Borrowers can avail of a few home loan tax benefits under certain income tax acts. For example, under Section 80C, a beneficiary can claim a maximum tax deduction of Rs.1.5 lakh on the principal component of a housing loan.

Apart from it, under Section 24, borrowers can enjoy deductions of Rs.2 lakh on housing loan interest amount payable of a home loan for a self-occupied property. 

Also, under Section 80EE, first-time buyers can enjoy tax saving on home loan of Rs.50000. But, borrowers must remember that this is above the Rs.2 lakh tax benefit under Section 24. 

However, apart from tax benefits, there are additional reasons to opt for home loan. The details of the benefits of a housing loan are provided below.

• Ease of repayment

Beneficiaries of a home loan can opt for a loan for a longer tenor, usually up to 20 years; this fetches an affordable EMI for them. However, a counter argument to keep in mind here is that, a longer tenor will result in higher repayment burden. Borrowers can use a home loan calculators to get a better understanding.

Apart from it, borrowers can also prepay the loan amount and have the flexibility to foreclose it. This can help them to save on home loan repayment.

• Lower interest rate

The Reserve Bank of India fixes the current repo rate at 4%; as a result of this lowering of the current repo rate, financial institutions are offering much lower home loan interest rates. This made owning a house much more affordable than earlier.

Additionally, prospective borrowers can opt for a home loan with floating or fixed interest rates. With the current market condition, individuals can choose anyone as per their convenience for the home loan tenor. 

• Fast credit appreciate 

With the increasing demand for real estate in India, a property can turn highly lucrative in the long run. Also, the construction cost of a property increases every day; thus, it is better to opt for early as this is an investment that can only appreciate.

• Pre-approved offers

Best home loan providers extend pre-approved offers that simplify and expedite the loan application process. Such offers are available on a range of financial products like loans against property, home loans, etc. Intending borrowers can enter their name and contact number to check their pre-approved offers.  

Thus, before filing for the income tax return, experts advise taking the assistance of an income tax calculator 2022 to get a swift and precise result. Also, check the income tax slabs and understand the tax exemption in detail for better savings.

The post Calculate income tax on your earnings in a few simple steps appeared first on Today News Spot.

An MSME is any micro, small and medium enterprise involved in the manufacturing and processing of commodities. 

Likewise, an MSME loan is a financial solution that is designed to aid these ventures. To check whether you are eligible for this loan, you must use an MSME calculator. MSMEs are the second-largest employers in India, with agriculture being the first. As such, they contribute approximately 24.6% of the service sector GDP in India. 

To classify as a micro-enterprise, an enterprise should have an investment under Rs.1 crore and a turnover of up to Rs.5 crores. With the aid of the government, many lenders have increased security when providing loans to MSME businesses. Both private and government-driven loan programmes aim to provide aspiring entrepreneurs with the financial support they need to drive innovation in the country. 

To this effect, some eligibility aspects that you need to consider when opting for an MSME loan are – 

• You must be at least 18 years old and younger than 65 years at the time of maturity;
• The MSME must be operational in either the manufacturing or service sector;
• It must have a proven business record of more than 2 years and at least 5 years of experience in the industry in which it operates;
• The business must be registered as an MSME in the Udyaan portal, and the owner should be able to provide an MSME registration certificate on request; 
• There should not be any default history in the venture’s financial records; 
• The borrower must be the owner of the business. 

Documents required while applying for an MSME loan are –

• Application form filled as per instructions;  
• ID proof, as in passport, PAN card, driving license, etc.
• Residence proof, through passport, electricity bills, sales tax certificate, etc.
• Bank statements;
• Business registration proof;
• Proprietor’s PAN card;
• Sales tax documents;
• Partnership deed copy;
• Income tax returns;
• Business place address proof;
• Projected balance sheets;

Applying for an MSME loan is an easy task and can be done online and offline. In the online procedure, you would have to log on to the website of your loan provider and fill out the application form with the required details. It is also advisable to use the MSME loan calculator to ascertain the amount you can expect. A designated representative from the loan provider will contact you shortly with all the possible combinations related to your loan and options that could best benefit your business’ requirements. 

If you choose to go offline instead, fill in the details of your MSME loan application and submit it to your lender along with the necessary documents as physical copies. Then, your lender will verify the application and documentation for authenticity. Post verification of the documents and the approval of your loan, the loan provider creates and shares the loan agreement. After signing this agreement with all its mentioned stipulations, the funds will be sent to your account within 24 to 48 hours. 

MSME loans are short term loans that have been introduced to support all kinds of start-ups, small businesses and women entrepreneurs. The very concept of MSME loans as well as the eligibility criteria, interest rates, and tenor periods vary from one lender to another, but this can be used to your advantage if you do your research and find which lender can best provide the plan that is required for your business. 

One of the main blocks to MSME growth in India is its time for financial backing. However, with MSME loans, obtaining the funds for the financial needs of your business is quick and easy.

The post Factors to Consider While Opting for An MSME Loan in India appeared first on Today News Spot.

Business credit cards are not just a convenient tool for making payments; they are a great feature to benefit your business comprehensively. If used wisely, that credit card can help you run a smooth business by getting more flexibility over the cash flow – particularly in stressful times. So, if you have been in two minds about whether or not to apply for a business credit card, here’s looking at all how it can help you.

#1 Get more time to pay the suppliers

Typically, business credit cards have a grace period of at least twenty-one days. So, you have at least three weeks between the purchase date and the payment date. In fact, in some cases, you have a month or even more to pay the suppliers. When you get a flexible repayment period like this, a business credit card naturally turns into a valuable tool to enhance the cash flow.

#2 No reason to tie up the personal credit

Now, you need that personal credit card for your purchases. But, as you start layering your business expenses on top of that, the credit card tends to get over-stretched, which cuts into both your personal and business cash flow.

With business credit cards, you have an extra payment tool to use. It can be helpful in the management of both business and personal credit. So, it can be used to protect personal credit as the business is leaner. But, on the other hand, it can help build the business credit history when you are actively buying on and paying off the card.

#3 Paying the bills a lot more efficiently

As you pay using business credit cards, you get to spend the vendors on time instead of making your bookkeeper or staff cut cheques and drop them in person. In addition, being consistent with your payments improves vendor relationships. Maybe you can negotiate better prices in future or even secure jobs on a tight deadline.

#4 The undeniable power of rewards

Many business credit cards have lucrative cashback and other loyalty programs that help you improve the cash flow, cover your regular business expenses, and pay down the balance. Also, in-built rewards programs let you earn points for your business or reward the employees.

#5 Get a complete picture of the spending

While using business credit cards for all the business purchases, you get to see the details of how you are spending the money – all in a place. Based on the scope and size of the business, just a simple look at the statement gives you a complete view of the ongoing costs to run the business. As you have this information on hand, you are in a better condition to assess your spending choices and determine how and where you need to save money.

The bottom line

And that’s all! These are all how a business credit card can improve your cash flow. So, go ahead and apply now.

The post Five Ways a Business Credit Card Can Improve Your Cash Flow appeared first on Today News Spot.

As we all know, India is among the largest marketplaces in the world. There are thousands of businesses, and you cannot know about all of them with every single detail of them by yourself. And doing business with any company you are unfamiliar with increases your risk and decreases your confidence in potential prospects. However, there is one tool to rescue you from avoiding such misfortunes and elevating your trust. So, if you want to know more about the application, keep scrolling to read all the details.

One Tool to Extract Business Information

The global business intelligence company Dun & Bradstreet offers you a platform named D&B iAccess. It is a business forum that provides Indian business listing in an organised way at your fingertips whenever you want. In addition, it has Indian company information about millions of businesses that are gathered from over 100 authentic sources.

One of the added advantages of using D&B iAccess is that the interface updates you continuously about potential risks (whether it is legal, financial, regulatory or reputational) and give you the latest information based on their compliance checks and monitoring tools online.

Top 5 Benefits of Having Company Information

Data is an integral part of the business scenario as it has open gates for honest and smooth business dealings. Here are some of the benefits of obtaining such information and how you could use it for your own business.

1. Risk Assessment: Before onboarding a new client in your business, you can use company information and insights via D&B iAccess, ascertain whether or not the entity fits your organisational goals, including financial terms.
2. Find Opportunities: When you have an extensive database at hand, you can explore your target market, find new prospects, assess any risks associated with them and improve your marketing strategy to convert potential prospects into a profitable trade.
3. Increase Efficiency: Your productivity increases when you have accurate data and get updates about potential risks. As a result, there are fewer chances of errors, which increases the overall business functions.
4. Smooth Decision Making: Data and insightful analysis will keep you ahead of others and ensure that your decision is logical and rational. With true facts and numbers, the quality of decision making will increase, at the same time, you can make faster decisions.
5. Saves Time and Effort: A step in the right direction with comprehensive data and information is your way to a successful business. It saves a lot of time and effort as you don’t need to create your own database. Instead, you can take the necessary decision by extracting the required information from the existing database of D&B iAcess.

Final Thoughts

Data and insightful information are the most crucial factors to run a successful long term business across nations. So, if you are a business owner who deals with inaccurate data, wrong prospect data, difficulty in trusting partners, then you should definitely use D&B iAccess. And save your business from risks and data mess.

The post Find any Indian Company Information with this Tool! appeared first on Today News Spot.

If you’ve been in the market for a home loan that is both affordable and sizeable, the moment for you has finally arrived. Just as we close the door to 2021, 2022 has opened with the promise of attractive offers and ample savings. Leading lenders continue the festive frenzy with their special offers and discounts in hopes of keeping the demand for home loans and property sales at their peak.

One such lender is Bajaj Housing Finance Limited, which also recently unveiled its festive offer of low-interest home loans, announcing a reduction in home loan interest rates, now down to 6.65%* for eligible applicants. Borrowers can also link their home loan interest rates to the RBI Repo Rate to gain directly from possible rate reductions under favorable market conditions. This not only makes the cost of borrowing easier on your pocket but also maintains the level of transparency and customer-centrism that the lender is committed to.

The process to apply for the Bajaj Housing Finance Home Loan is direct and fuss-free. The eligibility criteria are easy to meet, and following approval, the lender guarantees loan disbursal in just 48 hours*.

Top 3 Things to Note about the Home Loan Eligibility Criteria 

The aforementioned home loan eligibility criteria are straightforward and easy to follow – leaving very little space for any doubts or confusion. Knowing that you satisfy all the eligibility criteria lets the lender give you the best home loan deals without worrying about bad debts or repayment troubles. 

Let us walk you through the Bajaj Housing Finance Limited Home Loan Eligibility Criteria for better clarity. 

• Offer Open to Salaried & Professional Applicants 

The lender allows both salaried and professional applicants to apply for the low interest rate home loan, provided they have the required amount of work experience. Salaried applicants must be employed at a public, private or multinational organisation with a minimum 3-year tenure. Similarly, professional applicants are also required to have a 3-year of work experience in their respective fields, in order to be eligible to apply.

• CIBIL Score of 800 and higher 

Your CIBIL score is the summary of your credit patterns, income and financial obligations, repayment history and creditworthiness and allows lenders to gauge whether or not you’re worth the loan amount you are seeking – hence, having a good credit score is imperative for meeting the eligibility criteria. 

To be able to apply for the lender’s festive offer, applicants must have a CIBIL score of 800 and above. However, applicants whose CIBIL score falls between the range of 750 and 799 are also eligible for a low interest home loan.

• Offer Valid on Online Applications 

The offer also dictates that all home loan applications must be made online through the lender’s website to be eligible. Bajaj Housing Finance Limited continues its work towards digitising the mortgages industry, and as a part of that campaign, has re-launched its end-to-end digital home loan borrowing journey, for the benefit and safety of its customers.

Applicants must also submit the application by 26 January 2022 to be eligible for this offer, and only loan disbursed by 25 February 2022 will be considered. 

Use the Online Home Loan Calculator during your Home Loan Application 

It is important to check your home loan eligibility criteria, so you can maximize the chances of home loan approval. And to assist you in doing this is the handy home loan calculator tool that is entirely online and free of charge. This digital tool allows you to adjust your desired loan amount, loan tenor, and interest rate to get the corresponding EMI and interest payable. Doing this before you approach a lender gives you an insight into the feasibility of your home loan ask and minimises the risk of rejection. 

Why leave it to chance when you can get near-real and accurate data based on your details? This approach also gives you a heads-up as to how you need to plan your finances before you formally seek a home loan.

Final Thoughts

Successful applicants can access a range of benefits with Bajaj Housing Finance Home Loan, including a sizeable loan amount of Rs. 5 Crore and higher basis eligibility, customized repayment facilities, fast processing, quick approval, and external benchmark linked loans (repo rate). 

The home loan journey is designed for ultimate convenience; a user can complete the process while taking calls or responding to emails. With a plethora of benefits, a user can now make their dream home a reality.

*Terms and conditions apply. Visit the lender’s official website for the complete list of terms and conditions.

The post Bajaj Housing Finance Unveils Home Loan at an Attractive Interest of 6.65%* appeared first on Today News Spot.

Education is significant to every child. Irrespective of their financial status, each child must be acquainted with the institution of education and empowered to obtain a wise career prospect in the coming years. It is the crux of shaping their future and helping them become better citizens of the country.

Today, an online loan for education can be helpful for several families to educate their children and keep their future running. This article will find relevant information to understand the importance of getting this loan for educational purposes. Stay put till the end for more.

Financial Benefits

Families that cannot afford comprehensive education for their children may be forced to train their kids to beg. That remains as the only source for their income. This way, children are exploited severely and denied the fundamental right to education. But with an online loan, children can now pursue their dreams without costing the family its financial stability. As such, families gladly allow their children to seek education and showcase academic excellence in the years to come. It naturally comes as an added financial benefit for them. So, they can spend money on other significant necessities at the time.

Many Expenses Covered

The education loan or online loan isn’t one that merely provides school fees for your child. It may also help with their study program, tuition fees, travel expenses, laptop for studies, and more. Since families could not afford them independently, these loans provide coverage for all these things without any worries. As such, the child can continue to educate themselves without any hindrance and do not provide any additional burden on the family.

Easy Repayment Terms

Today, several potential banks provide low-interest rates on an online loan. They also offer preferential rates for the best and the most popular academic institutions. It mainly covers colleges and universities. But that is not all. They may also be ready to deliver flexible collateral along with co-borrower terms for utmost convenience. As such, the loan repayment becomes an easy task and a stress-free procedure too.

Pay After Education

The best part about these online loans is that you get the liberty to pay them back once the student’s education is over. Therefore, it helps you in building a sense of reliability and pay the sum without any worries later. Apart from this, you can also make most of the repayment schedule as a guideline when you are planning finances for your family.

The Bottom Line

An online loan for education is highly credible today. But when you wish to seek these loans, make sure you only obtain them from credible sources. Then why stop? Since scams and fraud based on online loans have grown severely, we advise you to scout for the right bank after careful inspection. We will also advise you to take professional help if you are unable to do this yourself. They will make sure to only get your hands on trusted sources for a safe future ahead.

The post Importance Of Getting An Online Loan For Education Purpose appeared first on Today News Spot.

The Pradhan Mantri Awas Yojana (PMAY) is a flagship scheme of the Indian Government that aims to provide affordable housing to urban and rural poor by 2022. The scheme, which focuses on ‘Housing for all’, plays an influential role in ensuring women’s ownership of Pucca house.

In addition, the Government’s decision to mandate house registration in the name of women head of the family for ownership or co-ownership has further strengthened the initiative towards women empowerment.

PMAY: Empowering Women

The Pradhan Mantri Awas Yojana is a Credit Linked Subsidy Scheme (CLSS) that provides home loan interest rates subsidies. This government-backed scheme encourages homeownership in urban and rural/gramin areas through PMAY Urban and PMAY Gramin, respectively.

The benefits of PMAY are available in the basic income category, which is divided into four segments. These include,

• Economically weaker section (ESW): (with an annual income of Rs.3 lakh)
• Low-income group (LIG) (with an annual income of Rs.3 lakh – Rs.6 lakh)
• Middle Income Group- I (MIG-I) (with an annual income of Rs.6 lakh – Rs.12 lakh)
• Middle Income Group- I (MIG-II) (with an annual income of Rs.12 lakh to Rs.18 lakh)

According to the latest PMAY- U guidelines released in 2021, families applying for PMAY must include one woman as the property owner availed under the scheme. However, if the house lacks any adult female members, the ownership will be transferred to the male member.

The inclusion of the name of the female head is ensured through valid registration of title or sale deed or ownership of the property. This inclusion of name in the PMAY Urban scheme shall be continued even after 2022.

Benefits For Women

This government-backed scheme has empowered women, especially those from ESW and LIG households and provided affordable pucca houses and the provision of basic amenities. Also, this scheme ensures other benefits. These include,

• Subsidy Benefits

The Government offers subsidies of up to Rs.2.67 lakh to women applicants. However, to avail this benefit under PMAY, women applicants must be and first-time home buyers.

• Decreased Interest Rate

Female borrowers applying for a home loan under PMAY usually get concessional interest rates. There are several lenders that offer affordable home loan interest rates for women under PMAY.

Moreover, leading financers extend pre-approved offers to simplify the home loan application experience. These offers are also applicable to other financial products, including loans against property. Individuals can check their pre-approved offers by providing name and contact details.

• Tax Benefits

PM Awas Yojana offers tax benefits, including a deduction of interest up to Rs.2 lakh per annum. Here, the owned house must be self-occupied. If the application is made jointly by husband and wife and if the wife has a separate source of income, both can apply for tax benefits. However, tax deductions will be calculated depending on the ownership of each co-owner.

• Reduced Stamp Duty and Registration Charges

Several state governments have come up with the decision of partial waiver on stamp duty and registration charges. Further, the Government offers an exemption of these charges for women belonging to ESW and LIG sections under PMAY-U. Thus, women can benefit from taking home loans under the PMAY scheme.

Please note that women applicants who have applied for this scheme can check the PMAY list. In addition, the PMAY list has been published, which shows the selected applicants from 2021-22.

The benefits of PMAY are available for women irrespective of caste (SC and ST category), marital status (single, widow), physical ability or employment status. This is evident from the 2018 publication of ‘Transforming Urban Landscape- Empowering Women through PMAY’ by the Ministry of Housing and Urban Affairs (MoHUA). It showcases the stories of 35 women across the country who gained social security and dignity by shifting from their kutcha to pucca house under the PMAY scheme.

The post How PMAY Yojana is Empowering Women? appeared first on Today News Spot.

Banks, finance firms, and other financial agencies verify the documents before onboarding anyone. To skip the ordeal of collecting and storing the documents, these financial institutions allow CKYC verification of customers. CKYC means Central KYC (Know Your Customer). It is a central depository of documents of customers who avail of financial services.

As per the CKYC process, you can provide a 14-digit unique CKYC number instead of documents during the registration process. It has made the whole process quick. As someone interested in investing in fixed deposits, you can benefit from the convenience offered by the CKYC process. CKYC holds more value if the instruments offer an online investment process.

For example, Bajaj Finance FD gives the option of online investment via an online FD form. Along with that, it also provides the CKYC facility for document verification. The online investment process allows you to grow your capital by a 0.10% extra interest rate. Some other aspects of this FD scheme are described below:

Highest FD interest rates

If you research or carry out an online FD rates comparison, you will notice that Bajaj Finance FD offers the highest interest rates in the market. With an FD interest rate of 6.75%, you can gain enough interest at maturity. The higher FD rates make it an instrument that generates a higher interest income than bank and postal FDs.

For instance, on investing Rs. 30,00,000 in bank FD for 3 years, your deposits will accumulate interest at a rate of 5%. For similar investments, the postal FD offers 5.5%. However, Bajaj Finance FD offers a high FD rate of up to 6.75% for a 3-year FD. The comparison of returns can be seen below:

Along with high returns, you can also customize your FD by choosing a flexible tenor and FD type that suits your investment needs. The tenor options start from 12 months and range up to 60 months.

An FD calculator is provided on the website of Bajaj Finance FD for making the calculations easy for you. This calculator takes inputs like deposit amount and tenor provides calculations for both cumulative and non-cumulative FDs. It helps you to make smarter decision by accessing your interest income and returns post maturity.

Opening several FDs at once

If you are interested in laddering FDs, you should split your accumulated savings into multiple chunks. After that, you can deposit each chunk in a separate fixed deposit and choose a tenor that suits your financial goals. The multi-deposit feature that comes with Bajaj Finance FD makes this easier by allowing you to open all the FD accounts at once. Also, the payment for all the deposits can be done via one cheque.

Systematic Deposit Plan

If investing a bulk amount in one go does not suit your investment preferences, you can invest smaller deposits every month. The Systematic Deposit Plan from Bajaj Finance allows you to deposit amounts starting with Rs. 5,000 each month.

You can withdraw all these deposits on a single day or allow them to mature successively. SDP comes with two variants including Single Maturity Scheme and Monthly Maturity Scheme for accommodating your investment preferences. By allowing your deposits to grow at the rate of FDs, SDP helps you to earn a considerable interest in a short time.

Must Read: How does CKYC Help in the Process of Fixed Deposit Account?

The post How does CKYC Help Fixed Deposit Investors in India? appeared first on Today News Spot.

A housing loan in India is one of the most appropriate options when it comes to arranging funds for buying a new house. Typically, it is easier to avail of a housing loan if the borrower has maintained a good credit score and has all the documents in place. However, sometimes, even when a borrower is mindful of these things, their chosen lender may still reject their housing loan application based on other factors. Some of the common reasons for rejection include but are not limited to the following:

• Poor credit score
• Dissatisfactory credit history, which could include a past loan settlement on the credit report
• The lender does not approve of the builder, property, or property specifications.
• The property is in a restricted area,

Your lender may have rejected your home loan application for more than one reason. The good news is by following these simple steps, you can improve your chances of getting the much-desired housing loan even after it was rejected the first time.

Do Not Hesitate to Ask the Lender

This is the best way to begin working towards what possibly went wrong: start by asking your lender why they rejected your application. Try to find the specific reason. Did you fail to meet the home loan eligibility criteria? If yes, on what grounds? Knowing answers to these questions will help you rectify your mistakes before reapplying for a housing loan. It will also help you increase your chances of home loan approval the second time.

Apply for A New Home Loan Credit That Is Within Your Limit

Borrowers must try and not give the impression that they need credit urgently as this gives banks the power to negotiate for their benefits. Further, apply for home loan only when you need a loan. More importantly, apply for a loan when you are sure that you will be able to repay the loan you have borrowed. Keep in mind that a high debt affects one’s credit scores and therefore, borrow smartly.

Monitor the Co-Signed, Guaranteed, and Joint Accounts Every Month

In the case of co-signed, jointly held, or guaranteed accounts, you are also equally liable for any missed payment. Thus, your co-applicant or joint holder’s negligence will also affect your ability to get desired housing loan credit when you need it the most. Therefore, some financial experts recommend avoiding being a guarantor or co-account holder of loans altogether.

Explore Possibilities with Your Housing Loan Provider

If you have lower financial eligibility than what is required, you can try meeting the housing loan provider to explore the following:

a. Spreading the loan over a longer tenor to reduce home loan interest rate as well as your home loan EMIs

b. Adding a co-applicant to increase the income considered by your lender

c. If you have an ongoing loan, which is of shorter duration and higher interest, then, try closing the loan. This will help enhance your home loan eligibility.

Try Requesting for Property Approval

You can try requesting your preferred housing loan lender to approve the property. If that seems unlikely to work out, you can try looking for an alternate property that stands a higher chance of getting easy approval, or changing your lender and trying for approval with another lender.

Tips to Avail of A Housing Loan Easily

• Maintain a healthy credit score to enhance eligibility.
• Reduce as many obligations as you can. This will help you have sufficient money to repay your home loan and prove creditworthiness.
• Identify a property pre-approved by your chosen housing loan lender and use it as collateral.
• Check your credit report from time to time to clear negative information, if any exists.
• Avoid making multiple home loan enquiries.
• Maintain a healthy banking record.

The Final Word

A lender issues a generic letter of rejection and does not mention the reasons behind rejection. So, request your lender to share with you their reason for rejection, and once your lender shares their reasons with you, dig deeper into details and do everything you can to rectify the mistakes you made. Whatever you do, do not give up hope. There are several lenders out there in the market and one of them will certainly agree to help you live your dream of owning a house.

The post Steps to Follow If Your Housing Loan Application Gets Rejected appeared first on Today News Spot.

Today, laptops have become similar to notebooks. You must have observed every student, professional or expert owning a laptop. These portable devices have become an essential part of our daily lives. One cannot even imagine a life without them. For instance, you will be in deep trouble if your laptop is damaged and sent for repair. Furthermore, it takes a lot of time to get repaired. In that case, imagine the kind of trouble you will have to face to recover the data. Sometimes, things get worse and you cannot retrieve your data. If things go beyond your control, then you will have to purchase a new laptop altogether. Laptops are costly, and their extra costs of repair can further add to the distress. Any damage to the laptop can lead to heavy economic losses in its repair. To avoid these kinds of problems, consider getting laptop insurance plans by Bajaj Finserv, an insurance aggregator under its Pocket Insurance Plan & Subscriptions. Other than laptop insurance plans, it also offers the best mobile insurance.

Laptop Insurance Plan

The coverage will largely depend on one of the best laptop insurance plans you have. However, the forms of coverage usually involve the following:

• Repair or replacement of screen: The laptop’s screen is one of the most usually damaged parts on a laptop. It is easily vulnerable to damage as it is thin. If you drop the laptop, then the screen can be damaged or the entire display. The screen is usually sent for a replacement since it is not repaired easily. Moreover, the cost ranges from 10-15 per cent of the selling price of a laptop. The role of laptop insurance comes in to protect you in this situation and cover the screen repair or replacement costs. 
• Liquid Leakage: Considering the laptop’s portability, it can be used anywhere with greater ease, i.e., on your dining table, in a restaurant, or while watching a movie. Since you are carrying it anywhere, hence there are more probabilities of getting damaged. All-inclusive laptop insurance plans will offer you coverage against repair and replacement.
• Mechanical or Other Similar Damage: Most insurance plans mention the brands covered in the insurance plan. Besides, this ensures that you are not purchasing a laptop that suffers mechanical or electrical faults. But, if it faces any such errors, you can get it replaced or repaired and claim with your insurance service provider. 

On the other hand, a charger is one of the most vital accessories to keep the device up and running. To avoid any disruption or damage to the charger, consider taking the proper protection cover for it. Laptop Charger Insurance from Bajaj Finserv under its Pocket Insurance Plan offers coverage against any financial crunch that occurred due to theft, accidental damage, or breakdown of laptop charger.

• Theft or Fraud: Suppose you are a professional and working on a critical project proposal that needs to be submitted to invite a bid. You are one day away from delivering the proposal. But unfortunately, your laptop is stolen. Although you can restart the work and finish it in the next two to three days, can you manage to pay for a new laptop straightaway? If you have one of the best laptop insurance plans that incorporated burglary, you could have purchased a new laptop by utilizing your savings or through an EMI option and filed an insurance claim with the service provider.

A distinctive feature of laptop insurance is the extended warranty insurance. The manufacturer or seller of the laptop will provide you an extra warranty over the market standard using this insurance.

The post How To Ensure Your Laptop With The Best Features And Benefits? appeared first on Today News Spot.

Indira Gandhi Awas Yojana, or IAY, was renamed the Pradhan Mantri Awas Yojana Gramin in 2015. Since then, this scheme has achieved 92% of its target in the first phase, which ended in 2019. Moving forward to FY2020-21, the government allocated a total of Rs.39,269 crore for this scheme.

PMAY-G was introduced in 2015 to provide financial assistance to the rural poor of this country to build pucca houses. Every Indian in the gramin areas is eligible for this scheme, considering that they meet the set eligibility parameters successfully.

Nonetheless, before applying for this affordable housing program, applicants should gather in-depth knowledge about the same to undertake informed decisions.

Features of Indira Awas Yojana

Here are the notable features of Indira Gandhi Awas Yojana –

• Carpet area

Individuals applying for this program will get housing units with a nominal area of 25 square meters. A dedicated kitchen and toilet will also be a part of it.

• Financial assistance per unit

Every housing unit covered under this IAY will be eligible for financial assistance of up to Rs.1.2 lakh in plain areas and Rs.1.3 lakh in selected hill and mountain regions.

• Connected with other government-backed welfare schemes

IAY or PMAY-G is also connected to various other government-backed welfare schemes like Ujjwala Yojana, Swachh Bharat Abhiyan, Saubhagya Yojana, etc. These schemes extend fundamental amenities for the development of these housing units. Additionally, applicants will also get 90/375-days of work and wages under the MGNREGA.

• Housing loan facilities

Individuals with their name on the PMAY Gramin list can avail a home loan of up to Rs.70,000 from any financial institution operating in India.

• Construction and designing of houses

House built under this scheme will use local materials and carry designs fitting to various geo-climatic and socio-cultural conditions. Also, one should also be aware of the hidden costs of buying a home to make a better decision regarding its construction.

To avail the benefits of this scheme, individuals should learn about the application process first.

Steps to apply for Indira Awas Yojana or PMAYG

Here is a step-by-step guide for the application of Indira Gandhi Awas Yojana –

Step 1: Visit the official PMAYG website.

Step 2: Enter Aadhaar number and click on ‘search’.

Step 3: After viewing the details, click on ‘Select to Register’.

Step 4: Provide necessary details and upload a form of consent.

Step 5: Provide details of the savings account.

Step 6: While availing credits, click on ‘yes’ in the next section and select the desired principal.

Step 7: Provide SBMG and MGNREGA number to complete this registration process.

Along with the application process, one should also be aware of the methods of checking the IAY Gramin list to note if their application is approved or not.

Steps to check IAY list

Authorities publish a list of beneficiaries each year, with relevant information for PMAYG for the previous year. One can check this list by following the below-mentioned steps –

1. Visit the official website of PMAY.
2. Find the ‘search beneficiary’ option and click on it.
3. Select the ‘search by name’ option from the drop-down menu.
4. Enter your name and find it from the final list of beneficiaries.

Individuals can also access this beneficiary list by typing the first 3 characters of their name. After locating their name on this list of beneficiaries, individuals can start applying for their home loans.

Those failing to qualify for the benefits under IAY can alternatively seek a housing loan from any leading financial institution in India.

With these NBFCs, individuals can also skip the hassle of complicated applications through pre-approved offers. These offers are available on various financial products, including home loans, loans against property, etc. Debtors can check their pre-approved offer online by providing their contact details.

Moving ahead, prospective applicants of IAY should also be wary about its eligibility norms to avoid chances of rejection.

Eligibility criteria for PMAYG

Following are the eligibility criteria of PMAYG –

• Applicants or their immediate family members must not own a pucca house anywhere in India.
• Families living in a house with kuchha walls and a roof with not more than two rooms.
• Families must not have a literate adult over 25 years of age.
• Also, families without a male or adult member of the age group of 16 to 59 years.
• Households with a disabled member.
• Families that have no land and earn from casual labour.
• SC/ST and minorities will get preference depending on their deprivation under PMAYG.

Additionally, to ensure that deserving families receive the key benefits of the PMAY, the selection for this program is based on SECC data. Gram Sabha then verifies the initial list.

The introduction and rebadging of IAY have provided the rural poor of India a chance to have a safe and properly constructed house with adequate sanitation facilities. It will improve their living conditions and contribute to their social development. Simultaneously, one can also learn about how urban residents can qualify for PMAY to check if they qualify for that particular section of the scheme.

The post Points to ponder about Indira Gandhi Awas Yojana appeared first on Today News Spot.

Small businesses are doing great today and shaping India’s economic recovery post the pandemic. Recent technological advances are helping them boom even better now and improve their bottom line. But one of the most valuable technologies for small businesses is a payment gateway. This system offers exceptional integration of payment tools in an all-inclusive solution. This makes it a cakewalk for business owners to focus on efficiency improvement, affordability and scale up their business in no time.

1.      Customer Service

When you face issues with your payment gateway, you might be constrained from using your online credit cards whenever you want. This could be a concern as payment can quickly become inconvenient. But if your payment gateway offers 24*7 support, you are less likely to face this problem in the long run. This is especially useful for small businesses that want to cast aside their competitors and stay ahead of the game. With this system readily available, companies can transform their dreams into reality without thinking twice.

2.      Recurring Billing

On-time payments are essential for each small business. This helps them to ensure that their team is receiving timely payments without a hassling experience. As a result, the team is more driven, improves productivity, and takes their job more seriously. With a payment gateway, you can now receive recurring payments consistently. This makes receiving money on time an easy task. Platforms like Open can work as a game-changer in determining the schedule of payments.

3.      Accepted Payment Methods

Clients are likely to offer diverse types of payment methods. While some may be more comfortable using a credit card, others might prefer NEFT. But if your business is not equipped with all of them, customers will likely face issues that will make them think again before they come back to your brand. Also, since you are a small business right now, you need every ounce of their money. That is why your Payment gateway can come to your rescue and help you accept an assortment of payment methods without blinking once. This broadens the sales base and allows your business to seem more credible.

4.      Dashboard

A payment gateway allows entrepreneurs to use a merchant dashboard to enable them to view their business correctly. Businesses that are selling on multiple channels can make umpteen profits from this feature. It allows them to collect and receive relevant data easily about their business on the dashboard. Above all, it helps the company access important information about customer data, traffic, and even loyalty program monitoring without any hesitation. They can also view top-performing products and daily sales without any issue.

The Bottom Line

Payment gateway is the ultimate destination for small businesses that are looking for a seamless business experience. It also makes sending and receiving payments a cakewalk with convenience and comfort. So, why keep waiting? Please make sure you get your hands on them and help your business soar to new heights daily.

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Currently, due to high property rates, it is next to impossible to buy a home without taking help from any financial institution. You might need a home loan to further settle down in your life. The amount taken as a loan has to be repaid to the borrower.

A home loan is a very convenient way to raise debt and purchase a new property. The amount of loan is sanctioned as per the fair valuation of the property. Generally, 70%-to-80% of the property’s market value is sanctioned as a loan.

Now, when an individual decides to go for debt financing to buy an asset, it is considered as a better way to raise funds. However, large transactions make it difficult for them to make their monthly budget. Therefore, you can use this tool called; a housing loan calculator to make your monthly budget.

A housing loan calculator is a tool that overcomes the difficulty of calculating housing loan EMI. Since loan amounts are huge, therefore, the calculations are also complicated. Thus, to overcome this, lending institutions provide this tool on their website for free.

A housing loan calculator has multiple benefits however, the biggest one is that it can help you in budgeting your finances. You will be aware of the exact EMI payment amount that you need to pay to the lender.

Let us discuss how, as a borrower, you can benefit from a housing loan calculator.

Benefits Of Housing Loan Calculator

• The housing loan EMI calculator instantly generates results and displays them on the screen. The entire process is completed within a fraction of seconds.

• The EMI calculator for home loans is the easiest tool. You just have input values into the desired field and it will automatically generate the output.

• There are various combinations that you can choose from on the home loan calculator. You can decide the best suitable combination as per your budget.

• It is available 24/7 and 365 days on the website. Borrowers can use the calculator any time without paying anything.

• Before getting the loan amount sanctioned in your account, you can plan your monthly budget, as it will inform you about the total EMI amount that has to be paid, along with the total interest amount.

These are the reasons why you should use a housing loan calculator while applying for home loan.

Factors That Affect The Calculation

To calculate the EMI amount for any loan, you need these three variables: Principal Amount, Tenure, and the Rate Of Borrowing (Interest Rate). The formula used to code the housing loan calculator is:

EMI = [P*R*(1+R)^N]/[(1+R)^N-1]

Where; P is for Principal Amount, R is the Interest rate, and N is the Loan Tenure.

• Principal Amount:

The amount that is credited into the loan account of the borrower, is called the principal amount. Also, the principal or the sanctioned amount depends upon the current market value of the property.

• Tenure:

There is a fixed time, decided mutually between the lender and the borrower. In which the entire principal amount and the interest amount has to be paid. The housing loan EMI amount is directly related to tenure. If the tenure increases, then the monthly EMI amount also increases.

• Interest Rate:

The monthly EMI amount depends upon the housing loan interest rate, which is given by the lending institution. Various factors affect the interest rates such as the borrower’s CIBIL score, the locations of the property, and many more.

While the interest rates will vary depending on your individual criteria and how risky as a borrower are you perceived, these are common thumb rules you can read up and ask questions on when you apply for a home loan.

The post Details you Need to Use with Housing Loan Calculator appeared first on Today News Spot.

The area of customer service is where NBFCs are focusing and implementing strategies to beat their competition. In this regard, Bajaj Finserv has excelled well with the introduction of its Experia Portal. This user-friendly online platform brought a one-stop-shop feature in customer service.

With the help of this portal, individuals can apply for credit, make an investment, and manage their accounts without any hassle. Along with these facilities, the Experia Portal also has the Bajaj Finance toll-free number, which allows customers to get in touch with the company representatives and resolve their grievances or fulfil any queries.

How to connect through Bajaj Finance helpline number?

Here is an outline on how to reach the Bajaj Finance helpline number –

The customer care number for Bajaj Finserv is 086980 10101. Individuals can call from their registered contact numbers to get their queries sorted immediately. However, if anyone calls from an unregistered number, he/she needs to provide the 7-digit customer ID and EMI Card details for the call to proceed.

The IVR facility on offer is available in 10 languages, which include English, Bengali, Hindi, Punjabi, Tamil, Telegu, Kannada, Malayalam, Gujrati, etc.

This toll-free number is easily available; current and prospective customers can always get in touch to resolve any queries that they have.

Apart from the Bajaj Finance number, customers can connect with the NBFC through other channels as well for their queries and problems. Here are some examples –

1. Via SMS

Customers can also get their queries resolved through SMS. They can type ‘help’ and send it to +91 92275 64444 from their registered contact number and receive immediate assistance.

Individuals can type the below-mentioned keywords to get different information –

• APP – To get the download link for Bajaj Finserv Experia App
• UPDEMAIL ’new email address’ – To update the email address
• CUSTID – To know the customer ID
• LAN – To get loan account number
• VAN – To know the Flexi Virtual Account Number (it is not applicable for flexi customers with salaried employment)
• Experia – To access the username and password for app login
• PIN – To get the 4-digit EMI Card PIN
• Branch ‘pin code’ – To know the nearest branch
• NOC – To obtain ‘No Objection Certificate’

2. Via virtual assistance/chatbot

The virtual assistance ‘Blu’ available on the official website of Bajaj Finserv answers different questions that a customer has. It offers a prompt and interactive mode of communication, and individuals can learn about different offers and services offered by the NBFC.

3. Online customer portal

The Bajaj Experia portal offers all the information at the single click of a mouse. Following a successful login, customers can use it to get the Bajaj Finance helpline number or register any issues directly.

They can do a lot more through this portal apart from just getting queries answered and lodging complaints. It helps individuals to check their pre-approved offers, get a detailed overview of their loan account, manage EMI Network Card, make payments, apply and pay for loans, etc.

The hassle-free experience of the Experia portal is now available at the touch of a finger with the Bajaj Finserv Experia Mobile App. It extends all the facilities that this web portal offers but in a more concise and user-friendly manner. Individuals can download this app by sending an SMS, as mentioned above.

Afterward, they can easily perform a login through username and password sent to their contact numbers.

Bajaj Finance toll-free number offers a great avenue for its present and potential customers to avail useful information. With assistance available round the clock, it can aid individuals to learn about a loan offer or manage any crisis that they are facing while accessing various services.

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A demand for owning a house leads to a demand for a home loan. However, the differential rates of interest in the market between different individuals for similar properties is often mind-boggling and discouraging. What is worthwhile to remember is that an individual’s eligibility for a home loan and the corresponding home loan interest rate are influenced by factors, such as their job/business, monthly income, debt burdens, life stage, investment decisions, and CIBIL score. 

    Here are the above factors explained in more detail for your better understanding:

1. Your credit score: This score is determined by CIBIL which keeps a track of a person’s loan and default history. This is one of the top factors which impacts home loan eligibility and interest rate. 
2. Income figures and type of occupation: This has a direct impact on home loan eligibility and interest rate. 
3. Spread of investments: Past trends in investments undertaken, and savings discipline, affect one’s home loan eligibility.
4. The age of a loan applicant impacts the disbursal sum and its tenor since home loans are usually long-term loans.
5. The current market value and its potential for increment of the property in concern also heavily impact a home loan interest rate.

With the help of the above factors, we shall now determine in a step-by-step manner how to calculate interest rate on home loan, and negotiate a better rate with the lender:

1. First and foremost, it is important to practise financial hygiene and develop a credible reputation around it. This credibility is offered by CIBIL which maintains records of all PAN holders’ credit history and habits. A score of 700 and above is advisable for a better home loan eligibility and interest rate. This indicates that one is less likely to default on repayments of the loan. Such a score is possible if one pays all credit card outstanding dues regularly, and does not default on EMIs payments on existing loans. Even a one-time delay in repayment can impact one’s CIBIL score, which in turn, can adversely impact the home loan interest calculator.

What is also important to remember is that the CIBIL score of a joint applicant of the home loan has equal weightage in determining the interest rate on it.

1. Secondly, it is imperative that one has a stable regular flow of income which can be proven with the help of past data. For this, a job in an MNC, or with the government helps. Also, having a business of your own with a substantial history and continuing period of success is also useful. In case any of these factors is not optimally aligned in the current time, it is advisable to first stabilise this before applying for a home loan and trying to negotiate a competitive rate of interest on it.  
2. An approved home loan application file usually also features diversification of funds across investment lines, primarily towards stable ones not subject greatly to market fluctuations such as PPF, FD, debt funds, and so on. The ratio of risky equity investments is lower.  
3. Once income levels, credit rating, and investments are optimally stabilised, a home loan should be sought out without much delay. A younger person is likely to get a better interest rate on their loan as opposed to another who is older. Also, the loan tenor is more favourable for a younger person than for an older one.  
4. The final and perhaps the most important step to a person is choosing a house to buy. It is recommended that the property chosen is from reputed realtors, with a good market value. Lenders are usually not keen to invest in properties which have little to no scope for appreciation in value and might be difficult to sell in the future if the borrower fails to repay the loan on time. NPAs or non-performing assets are a big cause for concern for lenders and they’d like to keep these figures as low as possible.  
5. Macro factors, such as economic indicators and repo and reverse repo rates, impact trending home loan rates. Even then, it is possible to fetch a favourable rate by keeping the above in mind and aligning these towards a robust home loan application file. 

If you have understood the steps detailed above, you will be able to work out your home loan interest rate calculator. Just remember to practise basic debt hygiene, financial planning, with optimal resource diversification, and keep yourself abreast with economic health indicators to know the best time to opt for a home loan and invest in a house. It is always wise to remember the housing bubble and a collapse of the financial system in the latter part of the decade of 2000 in the Western parts of the world and learn from their mistakes. We can avoid the same by being meticulous and prudent in our financial decisions, especially when it comes to a home loan.

The post Step by Step Guide on Home Loan Interest Rate and how to Calculate it appeared first on Today News Spot.

Gold possesses an immense monetary value that tends to sky-rocket, allowing it to be leveraged as a valuable funding source. However, while the sale of gold jewellery can fetch a hefty amount, it also leads to the loss of the asset. Alternatively, pledging this tangible asset on a mortgage to collect a substantial sum can prove to be more beneficial. Repayment of the funds availed will let you recover your assets. Nonetheless, to apply for this advance, you must comply with a set of gold loan eligibility requirements. A prime benefit of gold loans is their simple application process. Therefore, if an individual meets the age quota and provides the necessary documents, he/she can easily benefit from a gold loan.

Gold loan eligibility criteria to be aware of

If any individual plans to apply for a gold loan, he/she must first meet these criteria set by any financial institution or NBFC. Usually, the eligibility standards remain similar across different institutions.

Here is a list of factors you must comply with to be eligible for a gold loan:

• An applicant must be between the ages of 21 and 70 years. Following this information, he/she must present an age and ID proof.
• Applicants must be salaried employees at an MNC, public, or private limited company. They can also be self-employed, traders, farmers, or businesspersons.
• The individual must be an Indian resident.

Meeting these standards is sufficient to qualify for a gold loan eligibility. However, they must also present the proper documents to receive approval upon application.

Documents necessary for gold loan eligibility

Here is a list of some of the gold loan documents mandatory while applying for a gold loan. These documents will affect the loan officials’ decision on whether they should sanction the loan amount or not.

• Passport size photographs
• Address proof
• Identity proof
• Duly filled application form
• Form 60 or a PAN card
• Signature proof
• Age proof
• Post-loan disbursement document

Providing these documents along with your gold deposit should be enough to gain access to monetary funding.

Gold loan vs personal loan: Which to choose?

At the time of medical emergencies or business expansions, many individuals lean towards personal loans. While it is a lucrative funding medium, it might not be as effective as a gold loan.

Following are some of the distinguishing factors between gold loans and personal loans:

1. Processing time

Gold loan processing takes only a matter of a few hours. After receiving approval on a gold loan application, the person receives the loan amount immediately.

Personal loan applicants must provide ITR forms and other documents for the loan application process. It usually takes from 2 to 7 days to process the application.

2. Loan amount

The amount receivable under a gold loan is dependent on the LTV ratio. Therefore, the purity and the market value of the gold decide the loan amount the institution will sanction.

A personal loan is an unsecured funding medium, and applicants can avail funds up to a certain limit under it.

3. Tenor

Gold loans come with a short tenor allowing borrowers to get rid of their debt without hassle and. The personal loan tenor period is dependent on the loan amount received by the applicant. It is usually longer than a gold loan.

When opting for instant financing, consider choosing a gold loan from institutions like Bajaj Finserv. They maintain industry-safety protocols that protect your gold deposit from damage. The NBFC also provides a part-release facility to individuals upon repaying an equivalent amount.

Be it business expansion, medical emergency, or any other high-value purchase, a standard gold loan will fetch you the monetary funding necessary to fulfil your requirements.

The post Guide to Know All About your Gold Loan Eligibility appeared first on Today News Spot.

A fixed deposit is an investment to grow your savings and earn a higher rate of return than a regular savings account. It is offered by banks and NBFCs (Non Banking Financial Companies). A fixed deposit has the lowest risk in the portfolio of investment. Money is invested in a fixed deposit with a lock in period and interest is given either at the end of the maturity date or as a regular payout.

Parking your investment in the correct Fixed Deposit in 2021 will ensure high fixed deposit returns on maturity and also a choice of regular interest payouts throughout the chosen tenure.

To ensure high returns you must look for a Fixed Deposit scheme with a high-interest rate payouts before opening a new fixed deposit account or renewing an existing one. 

The fixed deposit interest rate varies depending on factors such as Government policies, economic conditions and liquidity conditions in the market. 

While calculating fixed deposit interest rates, we need to keep in mind that fixed deposit interest rates have features that are different for senior citizens in a lot of ways compared to the general public.

• At the time of opening the fixed deposit account, the depositor should be 60 years or more.
• Depending on the bank, interest rates are higher by 0.25% to 0.50%
• Interest rates for senior citizens are higher by 0.25% to 0.5%. The actual increase is different from bank to bank.
• The tenure is between 7 days and 10 days
• Loan can be availed against FD
• Penalties for premature withdrawal are the same as for the general public

There are many factors which contribute to the calculation of fixed deposit interest rates. Some of them are noted below:

• Deposit Tenure: A lower tenure will yield a lower interest rate. For a higher interest rate, the tenure should be high or medium range
• Deposit Amount: Higher deposit amounts will fetch you higher interest rates, especially bulk deposits exceeding Rs.1 crore. Deposit amounts are also directly proportional to interest rates. A higher deposit amount will fetch you a handsome interest rate, specially bulk deposits exceeding 1 cr.
• Depositor type: Senior citizens typically get 0.25% to 0.50% additional interest rate on fixed deposits.

To determine the Fixed Deposit maturity amount, you can simply use the Fixed Deposit Calculator or Term Deposit Calculator. A few simple steps are to be followed to check the FD maturity amount. Firstly, go to the FD calculator and choose the type of customer you are. Then put in the FD type (cumulative or non-cumulative) and the amount of your principal and the tenor. The final amount of interest and your total amount earned at maturity will be displayed on the screen. 

Fixed Deposit Interest and Income Tax

• The interest earned from your Fixed Deposit is fully taxable as it comes under the term of income from other sources.
• If your interest income from Fixed Deposit is less than Rs. 40,000 in a year, banks will not deduct TDS.
• You need to submit Form 15G and Form 15H with the bank at the beginning of the financial year. Banks will not deduct TDS following the form submission.

CRISIL & ICRA Rating List for Corporate Fixed Deposits

Credit ratings of corporate Fixed Deposits determine the consistency, stability and credibility of the companies that offer FDs and it is hence beneficial to understand the credit rating.

The CRISIL credit ratings for FDs fall under the categories as given below:

FAAA has the highest safety followed by FAA, FA, FB, FC and FD in the decreasing order of Safety and increasing order of risk.

The ICRA credit ratings for FDs fall under the following categories in decreasing order of quality. The highest credit quality is MAAA followed by MAA, MA, MB, MC and MD being the lowest quality of credit.

The post How to Calculate Highest FD Rates in India appeared first on Today News Spot.

Sometimes it might be hard to achieve your dreams without having liquid funds or a collateral that can be pledged to borrow money. Whether it is growing a small business or planning higher studies, money should never be an issue to put a pause on your dreams and for that, there is one solution. The solution is to borrow unsecured funds.    

We will go through the process of how to bag a small personal loan without any security. First, let us understand: 

What are Collateral-Free Loans? 

As the name suggests, unsecured or collateral-free personal loans are short-term loans offered by the lending institution without any security. 

Collateral refers to a transferable asset that can be pledged by the borrower to secure the repayment of the borrowed money.    

Generally, when large loans are sanctioned financial institutions keep a liquid asset as a security for the repayment of the loan amount. 

Advantages of collateral-free personal loan

• One of the significant advantages is that you do not have to worry about your asset. Since the nature of a personal loan is unsecured you can apply for it even without pledging any asset. 

• Due to technological advancement, the loan approval time has been cut short. Furthermore, if you have a pre-approved offer on your account, the loan can be disbursed within seconds. So, to get some quick money you can rely on personal loans. 

• Personal loans do not have any strict boundation on usage. Personal loans are disbursed directly into your bank account thus they can cover a lot of other expenses such as weddings, traveling and hospitalization expenses. 

Ways to Get A Personal Loan Without Security 

Repay Previous Dues

It will be an added advantage if you pay off your existing loans or credit card dues before applying for a fresh unsecured loan. It will reduce your monthly expenses, thus, will save more money in your pocket. This will give lending institutions a sense of confidence, as they focus on the disposable income of the borrower. You should know that in the case of unsecured loans, it is always better to have a lower debt-to-income ratio. 

Improve/Build Your Credit Score

It is very important to have a good credit score while applying for an unsecured loan. To improve your credit score you need to start monitoring it. You can easily check your credit/CIBIL score online to know about discrepancies if any. 

Check the eligibility on the lender’s website

Once you are confident that your CIBIL score is good to bag a low-interest personal loan. You can visit different lenders’ websites to check for the eligibility and offers if any. Also, check for the eligibility to apply for a small personal loan, as it varies from a different lender to lender. 

Major lending institutions such as Bajaj Finserv provide pre-approved offers to their existing customers. So, to check the availability, you can visit their website and fill in the information. 

Fill the application form 

Once you are sure of the eligibility criteria of the lender, and if you think you fit in. You can go ahead with filling the application form. You will be required to upload/submit these documents:

KYC documents (Do not worry if you are an existing customer, they already have it in their database.)

Proof of address 

Income Proof   

Bank Statement/Passbook 

Unsecured loans can be a blessing during emergencies, as their approval time is lesser than secured loans. You can follow these steps to bag without pledging any security.  

Read Also: How Does a Small Personal Loan Work?

The post Personal Loan: Steps for Getting a Small Personal Loan Without Security appeared first on Today News Spot.

According to a report, the car ownership market in India stands at 3%, creating a lucrative prospect for the auto industry. The same report stated that Indians are investing in personal cars due to environmental and economic consciousness.

However, purchasing a new car may compel an individual to invest substantial fund and spend tons on installation costs. Moreover, a new car loses its purchase value by 10% – 30% after usage. Comparatively, pre-owned vehicles are cheaper and offer better value for money.

To that end, individuals planning to upgrade from two-wheelers or public transport can double their savings by availing a second-hand car loan.

However, potential borrowers must understand the steps used in a used car loan application in detail for an informed decision.

Steps to follow for a successful second-hand car loan application

1. Compare lending institutions

To find a lucrative pre-owned car loan, a potential borrower must check whether a lending institution offers a financing option to purchase a used vehicle. Many lenders avoid lending finance for cars older than three or more years. Individuals must also scan online and offline to find lenders offering loans at competitive interest rates. Ideally, comparing various deals and borrowing cost can help an applicant make nearly 20% to 30% savings.

2. Evaluate the eligibility criteria

Lenders scrutinise an applicant’s personal and professional details before approval. This is followed to substantiate a borrower’s repayment capability and timely payments. Following are eligibility requirements for second-hand car financing –

Parameters for salaried individuals                                                       

•         The applicants must fall in the age bracket between 21 to 65 years
•         He/she should have a stable income source
•         Applicants must be employed in a private or public organisation with a minimum of one year of experience.

Parameters for self-employed individuals 

•         The applicant must fall in the age bracket of 21 to 65 years
•         Individuals must show a profitable revenue
•         He/she must have a business vintage of at least three years.

Moreover, individuals must possess a CIBIL score of 750 or above to qualify for this loan.

3. Check the EMI and tenor

Individuals must evaluate the different factors related to lending like tenor and repayment structure. One must ensure the processing fee, interest rate, EMI pattern set by a lender are viable. In this regard, using an online personal loan calculator or similar tool would streamline this process. It is important to know that the LTV ratio on a pre-owned car loan is usually higher than on a new car loan. The loan amount also depends on the car’s valuation by a lender.

4. Initiate application

If the variables linked with a second-hand car loan suits a potential borrower, he/she can initiate an application. Typically, individuals need to fill an application form with personal and professional details and submit scanned documents online. Alternatively, one can visit a lender and submit documents manually. If the papers are correct, the credit amount is disbursed to a borrower’s account.

However, keeping up with these steps can be problematic for certain individuals. In these circumstances, one can look for a personal loan that offers substantial credit against feasible interest rates.  The disbursed amount can be used to purchase any model they choose, customise a number plate, decorating the vehicle, and more since there’s no end-use restriction.

To proceed with these steps without hassle, an applicant must check everything one needs to know about personal loans for used cars.

Moreover, finding a lender offering customised features would scale up the benefits. Reputed NBFCs like Bajaj Finserv extend pre-approved loan offers that simplify the loan application process. Such offers are usually available on financial products like business loans, personal loans, etc. Check your pre-approved offers today by entering your name and contact number.

Getting a personal loan is comparatively more manageable than a used car loan. With digitalisation, individuals can apply for a personal loan for used cars online against minimal eligibility criteria and documentation.

Availing a second-hand car loan is a lucrative credit form for aspiring drivers who plan to invest in a cheaper vehicle for practice. However, fulfilling the eligibility requirements and application process can be troublesome for many. In this situation, looking for a high-value alternative like a personal loan can be a step closer to the dream car without squandering.

The post Check how to get a Loan for a Pre-owned Car appeared first on Today News Spot.

The biggest challenge an individual would face is filing taxes after each financial year. Visiting your CA and going through the entire computation can be a time-consuming task. However, there are simple alternatives to this situation available just around the corner.

We are talking about an income tax calculator that can now be found easily. Even if you are a layperson who is trying to file for the first time, these calculators can be of great help. Mainly due to their simple design. 

Therefore, if you wish to know more about an income tax calculator 2021, then continue reading. Along with this, we will also share with you the benefits of using this simple income tax calculator online.

What is an online income tax calculator?

An income tax calculator is a tool that is available online for those who are looking to file returns. It allows you to evaluate taxes depending on your income during a financial year. Besides, an income tax calculator can be customised for information in order to get accurate results.

Therefore, if you want to get a computation outline for the previous financial year, then consider using a calculator today. These calculators can be found online by simply searching. Also, they are available for free so you would not have to spend a lot of time.

On the other hand, you will be able to calculate income tax for the current active year as well as previous ones. So, even if you have not paid your taxes for the last year you will be able to get an accurate idea of what you owe to the IT department.

Benefits of an online income tax calculator 

1. Convenience 

A key benefit of using an income tax calculator available online is convenience. Imagine having to take out time from your busy schedule to visit a CA. Besides, with the current situation and ones work life, it is now impossible to do so. Therefore, with an online calculator, you will be able to finish the work from your own home.

2. Availability 

Another great thing about an online income tax calculator is that it is available 24/7. Therefore, if you are someone who likes to work late at night, then you would not have to deal with time limitations. Besides, there is less to no downtime on these calculator websites. Hence, you do not need to worry about last-minute filing issues. 

Read Also: How can you Reduce your Home Loan EMI?

3. Easy to use

Even for first time users calculating taxes using this particular tool is very easy. Most income tax calculators have a very straightforward user interface. Therefore, you will not have to struggle when it comes to putting in information. Besides, the tool generates quick results so there is almost no waiting time. 

4. Specified fields

Most of us are not CAs so we do not know what all can be deducted or added to our ITR file. However, the online calculators available these days have specific fields marked for the same. All you would have to do is fill in information and press submit.

5. Defined exemptions 

Lastly, while using a similar calculator you will also be able to get information on exemptions. The calculator would ask you specific questions so that it could take note of the possible exemptions in your case. This too reduces the need for you to visit a professional or expert while getting your computation prepared.

Since now you are well aware of the income tax calculator and how it is beneficial, we suggest you try using one yourself. Besides, if you need more help, you will be able to get additional information on different tax calculator websites.

Read Also: Know your Precise Home Loan Tax Benefits Using an Income Tax Calculator

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To maintain the records of investors properly, financial institutions like banks, finance firms, etc. maintain KYC (Know Your Customer) documents of all their customers. The CKYC (Central Know Your Customer) was introduced to avoid inconsistencies and fraudulent activities. To register in the CKYC, one needs to submit the documents online and go through the verification process only once after which a CKYC number will be allotted to him. This number can be shared whenever he wants to invest or take a loan from a financial entity. 

If an investor wants to invest in a fixed deposit, the CKYC can come in handy as he would be saved from the ordeal of going through the document verification procedure. This would be especially helpful if the bank or NBFC with whom he wants to open a fixed deposit account also provides an online investment process. 

For instance, Bajaj Finance FD gives the option of online investment with an online FD form. This along with CKYC can prove to be beneficial as they will ensure that the entire investment process becomes online. Not only that, a 0.10% higher FD interest rate is provided to those who invest online. The other important features of Bajaj Finance FD that make it a favorable option for investors are given below:

Lucrative interest rate 

Before investing in an FD, one must ask what is the interest rate for a fixed deposit that the financier offers. If the interest rate is not high enough, the deposits won’t be able to generate sufficient returns at maturity. 

Must Read: How does CKYC Help Fixed Deposit Investors in India?

Bajaj Finance FD offers the highest FD rates in the market as they allow the depositor’s money to grow at an interest rate of up to 7.25%. This means that the growth of savings will be much more than what bank FDs and postal FDs provide. 

Suppose that an individual invests Rs. 40,00,000 in an FD. The below table shows the returns that can be expected from bank FDs, post office FDs, and Bajaj Finance FD after 5 years:

It can be clearly understood that one can earn much more through Bajaj Finance FD as compared to the conventional FD plans like bank and post office fixed deposits. To check the combinations of different investment tenors, deposit amounts, and fixed deposit types, one can use the FD calculator that can be found on the official website of Bajaj Finance. 

Laddering deposits

To maximize the earning potential through fixed deposits, an investor must ladder his deposits smartly. For that, he needs to choose a different tenor for each FD so that the fluctuating interest rates are balanced out. Also, with several liquidity points, an investor might get a chance to invest in a high-paying FD in the future by laddering his FDs. 

The multi-deposit facility is one of the key features of the FD plans that are offered by Bajaj Finance. With this, investors can think of investing in several FDs of different lock-in periods and amounts at once. Not only that, it gives them a chance to invest in both the FD types simultaneously. 

As a result, one can split his corpus and invest some funds in a cumulative FD for compounding returns and the remaining funds can be locked in a non-cumulative FD for earning a regular income. The periodic payout options offered by Bajaj Finance FD include interest payout after each month, quarter, six-month, or year. This allows an investor to use the interest gains to manage his monthly expenditure. 

Security of deposits 

Bajaj Finance FD ensures that an investor’s deposits are entirely safe as the returns are unaffected by changing dynamics of the market and economy. It has been regarded as one of the safest FDs by credit rating organizations like CRISIL and ICRA. Therefore, one can invest in this FD scheme without worrying about the security of deposits.

The post How does CKYC Help in the Process of Fixed Deposit Account? appeared first on Today News Spot.

In India, every minute a serious road accident occurs and 16 die due to the same in an hour. In a similar context, more than 1,200 road crashes are witnessed in India, and 377 individuals die, in a day. In most cases (25%), two-wheeler motor vehicles are accountable for road crashes. 

These accidents mostly occur in the urban regions where roads are busy and chaotic throughout weekdays. Cities that top the list of most numbers of road crashes are – Delhi, Chennai, Bangalore, Mumbai, Lucknow, Pune, etc. 

2013 recorded one of the worst years in respect to road crashes, where more than 1.37 Lakh individuals died due to road accidents. Such a health insurance policy has become a common financial product for urban dwellers, especially personal accident insurance. 

Personal accident insurance policies facilitate financial coverage on account of accidents and losses suffered by the insured individual. 

However, there are circumstances which are not considered for financial coverage under personal accident insurance policies. 

What are the things that do not come under personal accident insurance?

As per the mandate of Insurance Regulatory and Development Authority of India (IRDAI), there are certain specific circumstances which are discounted under the purview of standard personal accident insurance policies. 

A few of these are mentioned below – 

1. Self-inflicted injury: In case an individual hurts himself or herself voluntarily under any circumstance, any monetary compensation is not facilitated by a personal accident insurance policy toward medical expenses. 
2. Sexually transmitted diseases: Health insurance policies do not apply towards treatment of sexually transmitted diseases (STDs) such as HIV or AIDS. 
3. Involvement in perilous activities: In case an individual decides to engage in dangerous activities which constitute joining the military, navy, air force, scuba diving, hang gliding, sky diving, racing, rock climbing, etc., he/she cannot enjoy the benefits of a personal accident insurance policy. 
4. Substance abuse: If an individual is found to be in a state of intoxication during an accident occurring from abuse of toxic drugs, alcohol, or hallucinogens, he/she is not entitled to receive any financial coverage under a health insurance policy.
5. Acts of subversion: An individual cannot avail monetary coverage for treatments for injuries which occurred in the course of any subversive activity. Subversive activities under the guidelines of IRDAI are – rebel, revolution, terrorism, war or warlike operations, riots, etc. 
6. Criminality: In case an individual suffers an injury on account of any criminal activity or breach of the law, he/she will not be facilitated with financial coverage for treatment expenses under personal accident insurance policies. It is applicable if the individual is held accountable, proven guilty, or party to the aforementioned. 

This list comprises the comprehensive set of exclusions made by the regulatory body under personal accident insurance. While this is the definitive list of exclusions, there are other instances, coverage of which varies from one institution to another. 

Regardless, personal accident insurance proves considerably beneficial in case of road accidents or any other cause of severe injury excluding the aforementioned. For instance, reputed insurance aggregators such as Bajaj Finserv offer an allowance to compensate for an individual’s income due to hospitalisation under their Personal Accident Insurance policy. 

There are several types of health insurance policy, apart from personal accident insurance, which allow you to avail financial coverage under various instances, clubbed according to their nature. 

These are – 

• Individual insurance.
• Family floater insurance. 
• Critical Illness Insurance policy.
• Senior citizen health insurance.
• Maternity health insurance. 

Make sure to choose the best health insurance plans in India by comparing all the available products. 

Some institutions also offer a bonus on your policies if you do not apply for any claim during a particular year. These companies also offer health insurance online for better convenience. 

The post Essential Things that do Not Come Under Personal Accident Insurance appeared first on Today News Spot.

It can be hard to request a loan for your business. Even though you know you need the money and you know you can pay back the monthly charges, the idea of having to ask and the potential to be rejected is stressful. This is an issue that you will need to get over if you want to grow your business; that is what the money is for, after all.

The best way to overcome your nerves and to ask for the loan you need is to plan ahead. If you know just what you have to do to apply for a business loan and you put it all in place before you need it, applying will be much easier. Doing this still will not guarantee that you will get the loan, but it will certainly help. Read on to find out what you need to do.

Define What Your Financing Needs Are

Unless you know exactly what you need the money for, it is unlikely that you are going to get very far when you ask for it. The lender, whether you are speaking to a bank, an investor, or anyone else, will want to understand just what their money is going to be used for because in that way they can determine whether it is a safe investment or not.

Think carefully about what you intend to do with the money and how you can show that this investment is exactly that – an investment. Perhaps you need a specific piece of equipment such as an oil and water separator that you simply cannot run your business without, or maybe you need to buy a vehicle to help you deliver your products and services and build your customer base. There are many reasons and knowing yours is essential.

Prepare Your Business Plan

Although it is good to know what you want this specific business loan to pay for, that will not be enough to entirely convince a lender. You will also need to have a thorough business plan in place. This is a document that explains exactly how you intend to run your business, what you need to buy, what you plan to spend, how you are going to grow, and so on. Essentially, you need to write down the path you are going to follow to get to your end result, whatever that might be.

This will show the lender that you are serious about what you are doing, and that there is a viable business there. They need to know that you can pay back the loan, otherwise they are unlikely to lend you the money, especially if you are asking for a large amount.

Compare Loans

Once you are ready to apply for a business loan, do not just find the first lender you can and make an application. You only really have one or two chances, so you will need to ensure that you choose well – the more you apply for loans, the worse your credit can become which makes your chances of being accepted much lower.

Take some time to compare the various different business loans that are open to you, and only apply to those that really make sense. Look for low rates or good guarantees. Also, only ever apply for one loan at a time, as this will help your chances.

The post How To Apply For a Business Loan appeared first on Today News Spot.

Housing finance is undoubtedly one of the most popular borrowing options for potential homebuyers. This is primarily due to the extended repayment tenor they offer, and their popularity is fuelled by the current decrease in interest rates and property prices. However, financial institutions reject several loan applications too. 

This is because a majority of new applicants fail to adhere to the specified requirements for qualification. If you are a first-time homebuyer seeking external financing, here is a discourse on the home loan procedure in India to help you make an effective application.

Home loan application procedure

Potential borrowers can follow the given steps to apply for a home loan online.

Step 1: Go to the official website of your choice of lender and navigate to the page displaying the online home loan application form.

Step 2: Fill in this online form with required information like your name, employment type, financial and contact details.

Step 3: After getting your pre-approved offer, decide on a suitable loan amount using a home loan calculator. 

Step 4: Place a request for the same amount by submitting property details. 

Step 5: Complete your application by uploading scanned copies of mandatory documents. Also, make the required security payment.

Upon application, the lending institution will conduct a property appraisal procedure. This includes evaluation of property ownership, size, location, house construction progress, and maintenance. Additionally, lending representatives will also scrutinise submitted documents and your eligibility before sanctioning the home loan.

Eligibility and documentation parameters to qualify for housing finance

Applicants must check if they match the following eligibility parameters to ensure a successful home loan procedure in India.

• Employment status: Applicants must be salaried employees or own a business.
• CIBIl score: Must not be below 750.
• Age: Applicants should be aged between 23 to 70 years.
• Net income: Must be following lender-specific criteria.
• Experience: Salaried individuals must be associated with their present employer for minimum 3 years. Self-employed individuals must own a business with at least 5 years of vintage.

In addition to these eligibility requirements, lending institutions mandate submitting the following documents to complete a home loan procedure in India.

• ID proof, including KYC documents.
• Proof of residence, including any one KYC document, utility bills, and lease agreement.
• Latest passport-sized photographs.
• Property ownership proof.
• Income proof, including salary slips for salaried individuals and audited balance sheet for business owners.
• Other financial documents like bank statements, ITR documents, etc.

Besides meeting all the above eligibility and documentation requirements, first-time borrowers must also keep a few other factors in mind before borrowing a housing loan.

Things to consider before getting a housing loan

Here are a few things to keep in mind before going ahead with the application procedure.

1. Scrutinise your exact loan requirement 

Most borrowers tend to opt for the longest available tenor to reduce EMI burden. Practise borrowing only the required amount and opt for the shortest tenor you are comfortable repaying the sum in. This might increase your home loan EMI but will enhance your interest savings in the end.

2. Compare different lender policies

Always compare the different housing loan interest rate and other policies of various loan providers to pick the one offering the best benefits.

3. Ask about any additional charges

Most creditors levy processing charges constituting up to 3% of the principal amount to finance an effective home loan procedure in India. However, borrowers should always clarify with their lender about the presence of other hidden charges.

Also, look out for your lending institution’s foreclosure terms and pre-payment charges, if any. Check for additional facilities like the convenience of switching between fixed and floating interest rates.

The post All About the Home Loan Procedure in India for First-Time Borrowers appeared first on Today News Spot.

Finding oneself in need for Rs. 5 lakh loan is a common phenomenon these days. Many banks and other lending institutions are relatively more flexible now in offering loans than they were previously. However, getting the asked for amount instantly is not what every bank will offer you. In fact, most of them do not. For this, you will have to apply for an instant cash loan. Through the option of instant cash loan, you can get help quite easily and quickly.

However, whether you should go for the traditional method of loan or for an instant cash loan is a matter worth considering. So, before you apply for a loan, here are five things you must keep in mind-

The Approval Period

Many banks take longer than a week for the loan amount to be processed and approved. Only then will the amount be transferred to your bank account. With instant cash loan, however, you can get a Rs 5 lakh loan or even more approved within a day only. The amount, too, will be transferred to you as soon as your application process is completed.

So, if you are looking for funds immediately, an instant cash loan is a great option. The benefit of instant cash loan is whether the situation is urgent or not, you will get the loan amount much faster.

Credit Score

Credit score refers to your creditworthiness in numerical values. The higher your credit score is the higher creditworthiness you hold in the eyes of the lender. On the basis of your credit report, the lender can decide whether he can trust you with the loan amount or not.

The credit score is the entire summation of your credit history up to the present. A bad credit score will lower your chances of getting a loan approved. Even if you manage to get a lender, he will provide the loan at a higher interest rate which, if not paid on time, will further damage your credit score.

Your credit report is a determining factor to decide whether you will get a loan or not. 

A credit score of anywhere above 700 is considered good. But if you do not have the requisite numbers, there are still options to get the loan, just apply for Rs. 5 lakh loan with a low credit score!

Eligibility And Documentation

For an amount as high as Rs 5 lakh, eligibility criteria are not lenient. Your credit score, age, salary etc play quite an important part. If you do not live up to the expectations of your lender there is no chance of you getting a loan. All the requisite documents will be asked for while applying for the loan. The paperwork will be quite a lengthy and tedious process and if they are not up to the mark your efforts will go in vain.

It is, therefore, important to find lenders who are not strict on the point of eligibility. One sure way of finding them is to look for instant cash loans rather than applying in a bank. The eligibility criteria are quite simple even for a Rs 5 lakh loan. Moreover, the documentation process involved in an instant cash loan is next to nil. So, this will make the overall process of application highly effective and efficient.

Loan Tenure

How much time you are being given to repay a loan is also an important thing to consider. You should always look for a lender who provides a flexible payment tenure. You can trust a lender if he gives you a repayment period as long as 36 months. Once you are in a position to choose between different payment tenures you can easily pick the one most suitable to you.

Depending on your salary or income, you can choose the EMI amount accordingly. An important thing to note about EMIs is that if you choose to go for the option of a high EMI amount, then you can pay the loan much quicker as well as with lower interest charges. On the other hand, if you have chosen a longer tenure, your EMI amount will be low but the accrued interest charges will be high. So, here too, you can choose which EMI payment option suits you best.

Accessibility

Ease of accessibility in getting a loan would be all too welcome. With banks, you often have to visit their branches for loan application. Instant cash loans, on the other hand, allow you the accessibility of their service right from a mobile app. So, you can just sit at your home without needing to go out anywhere and a Rs 5 lakh loan will be sanctioned to you as soon as possible.

All of these factors play an integral role in applying for a loan. Since it is quite likely that you will take a considerable period of time before repaying the loan amount, it is important that you access all the benefits and services you can get from your lender.

The post 5 Things To Consider Before Applying For A 5 Lakh Loan appeared first on Today News Spot.

No matter if you stay in a city or a village, the need of having personal transportation of some kind is of the utmost importance. While buying a four-wheeler might not be possible for everyone, wanting a two-wheeler is much more realistic. 

Although the COVID-19 pandemic is almost over, public transportation is still a major area of concern in most cities around India, thus increasing the need for personal transportation even more. If you are confused about how you can finance your two-wheeler and looking for options to do it right, this article is for you. 

In today’s article, we will share with you if it is a good option to purchase a two-wheeler on a personal loan. Let’s get started.

What Is a Personal Loan?

A personal loan in simple terms can be understood as a short term loan that allows you to meet any unforeseen or sudden financial needs. Unlike standard loans like vehicle loans and property loans that tie you to one spending purpose, the money from a personal loan can be used for any spending needs.

Features of a Personal Loan

Now that you know what a personal loan is, let us take a look at some of its most prominent features:

Ease of Access

One of the first and most important features of a personal loan is its ease of access. Thanks to the many lending companies in India, which specialize in rendering short term loans, getting a personal loan has now become easier than ever before. Along with this, most personal loan lenders have an online application process, thus making sure that you don’t need to worry about visiting an office or meeting with an agent to get your loan processed.

No Collateral Needed

While most lenders in the market ask for some form of collateral while processing your standard loan application, most personal loans do not need any form of collateral while applying. The reason behind this being, personal loan amounts are generally smaller in amount than other types of loans, and thus the exposure to loss for the lender is quite less even without collateral. 

Spend Your Money on Anything

Unlike other loans in the market which put restrictions on spending the loan amount, you can use the money from the personal loan to spend on anything, be it to buy a  two-wheeler or finance your credit card bill.

For example, if you take a property loan of 5 lakhs, you can only spend that amount on either building materials or on construction work, but on the other hand, when you take a personal loan of 5 lakhs, you do not need to inform the lender of where you will be spending the amount, thus essentially giving the choice of spending the amount at your own discretion and choice. 

Low-Interest Rates

Most standard loans in the market come with a very high rate of interest attached to them. For example, a two-wheeler loan from TVS credit comes with an interest rate between 8 to 10% per annum. While this number might look small in the beginning, when you start calculating, you will quickly realize that you will end up spending a higher amount than what you planned for. 

On the other hand, if you take out a loan from a personal loan lender like MoneyView, the interest rate on your loan amount will be the lowest in the market at 1.33%. 

Why Should You Buy a Two-Wheeler on a Personal Loan?

Now that you know of the various features of a personal loan, mentioned below are the top 8 reasons why you should purchase a two-wheeler on a personal loan. 

Complete On Road Price

No matter which two-wheeler finance company you choose, in most cases, you will get up to a maximum of 90 to 95% on-road price and not the full amount. This essentially means that even after you avail of finance, you will need to pay some amount from your pocket to finance your vehicle.

On the other hand, if you take out a personal loan, you will be able to finance the full on-road price of your vehicle and don’t need to spend even a single rupee from your pocket. 

No Need for a Downpayment

In lieu of the earlier point, when you take vehicle finance, in most cases you will need to make a down payment, which will be in the ballpark of 10 to 20%. On the other hand, when you take out a personal loan to finance your two-wheeler, you will not be spending any amount of money from your pocket for your down payment, as you will essentially purchase the vehicle at the complete price without any dues. 

Low Credit Score Is Embraced

Chances are that you are planning to buy your first vehicle right after you get into college or land your first job. At such a young age, you would probably not have a decent credit score given that you have not taken out any form of credit previously or have not applied for a credit card. But if you approach a vehicle financer, they will most certainly ask you for your credit score, and on witnessing that you don’t have a proper one, they will reject your application. 

On the other hand, if you approach a lender like Credy, which accepts applicants with low credit scores, you can get your loan amount without much hassle from your end. All you need to do is fulfill some of their criteria, such as employment history, employment status, etc., and you will be on your way to securing your loan amount. 

No Need for Hypothecation 

Not a lot of bike aspirants know this, but if you take out a two-wheeler loan for purchasing a new vehicle, your vehicle will be hypothecated meaning, there will be a record of your loan with the RTO. Until and unless you pay off the full loan amount of your vehicle, your hypothecation will not end, and once you complete the full payment, you will need to undergo a lengthy process with the RTO to get your NOC or No-Objection Certificate. Without having the NOC from your local RTO, you will not be able to take the vehicle out of state; neither take it on international trips making it a significant constraint.

On the other hand, if you take out a personal loan and purchase your two-wheeler, you won’t need to undergo the hypothecation process, as you will essentially own the vehicle from the very first day itself, thus saving you money and time from the very first day of ownership. 

Conclusion Purchasing a two-wheeler on your personal loan is not only a good option, but I would go on to say that it is the best option. Taking out a personal loan will give you all the freedom you want, with essentially a no strings attached commitment. So go ahead, apply for a personal loan, and purchase your dream two-wheeler today.

The post Is It a Good Option to Buy a Two-Wheeler With a Personal Loan? appeared first on Today News Spot.

Everyone reaches a point when they want to clear off their personal loan early. In order to save on the interest that you’re paying your lender, you can utilize the part payment process. We have compiled a list of ways for you to pay off the loan sooner than required. By following these steps, you are sure to pay off your personal loan effectively.

If you have a tight budget, it might be difficult to commit yourself to clear off the loan quickly. Every time you have some extra funds, put them aside to use for your personal loan. Before we start, if you’re yet to apply for a personal loan, remember to choose a comfortable EMI and tenure. Your EMI payments affect your CIBIL score. For future loans, it’s important that your CIBIL score is above the average rank.

When you have a loan, you have to pay a certain EMI amount every month without fail. This fixed amount gets deducted from your bank account directly. However, you can always choose to make a part payment to reduce the interest on your principal amount. Do this only if you are left with cash after setting aside your primary expenses like rent, medical, transportation, and other daily expenses. This method is sure to decrease your interest. For example, if you are expected to pay an EMI of 15,000 per month, pay 30,000 when you can. You don’t have to pay the minimum monthly amount. You may also choose to stick to the minimum EMI requirement of the month if your funds are tight.

Say you get a bonus or an incentive of some sort. You can choose to set aside this amount as a yearly part payment towards your loan. Any extra income by saving on some expense or an external perk can be used to pay off the loan faster. Some people set aside a fixed amount from their salaries especially to make an extra payment every year. Not all lenders give you these options. You can always talk to your lender if there is any fee or penalty for doing so. Many lenders like Money View, Bajaj Finserv among others provide their customers with a part payment option to reduce their burden. If you receive a fixed bonus of 50,000 every year, you can consider this to be a part payment of your loan. Planning is the key. When you plan your finances and stick to your budget, you’ll be able to achieve this much faster.

We highly recommend you to check the lender payment programs. Often, lenders provide you with options to pay off your loan quickly. Sometimes, these programs come with an additional fee.

If you have too many loans, and you’d like to reduce high-pressure financial commitments, we suggest you talk to an expert about debt consolidation loans. These personal loans help you pay off existing loans from various lenders at a higher interest rate.

You can also opt for a pre-qualified loan to avoid any impact on your credit score. The pre-qualified loan process is hassle-free and simple. Most loans today have an online, quick process that lets you upload your documents digitally without having to go to any bank or office.

Some lenders are flexible and provide you with a foreclosure option. This way, you can close the loan immediately without having any future EMIs. They might charge you a certain fee to process this. But, in the end, all you need to do is calculate if the interest you are paying for the future payments is higher than these preclosure charges. If you see a massive perk in foreclosing the loan, you can proceed with it.

For Example, if one sells an existing asset, he/she must first look to clear all the existing debts. When you are free of loans, you can set aside the same EMI amount as your savings for future emergencies.

Well, now you know how to close your existing personal loan quickly. To achieve this, you need to create a budget. Once you’ve taken the first step towards paying off your personal loan earlier, you must refrain from taking another loan or debt. First, clear off your existing debt before taking on a new financial commitment.

If you have existing student loans or a credit card debt, prioritize the one that needs to be paid off. You may have applied for a loan for various reasons. Though financial experts don’t recommend anyone to hold debts or loans, sometimes you may depend on such options to fulfill your need at that point in time. There’s no harm in holding a personal loan, but make sure you take smart steps to save on the interest rate. Financial freedom is essential to achieve your future goals and live a stress-free life. A personal loan is a long-term commitment, and the sooner you close it the better it is for you.

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A financial emergency usually comes without any warning. And it often has a devastating effect on people’s physical and emotional well-being. 

With a loan against land property by your side, you do not need to worry anymore if a financial emergency ever blocks your way. As a loan against land property is a collateral-based loan, the eligibility criteria are relatively easier than other loans. However, despite being a collateral-based loan, lenders often require the borrower’s income proof to evaluate their repayment capability. 

So, can you apply for a loan against property if you do not possess an income proof? The answer is a resounding ‘YES’.

Read on to discover the best ways to get a loan against land property without income proof. 

Apply For a Joint Loan Against Land Property

If you are worried about loan against property eligibility, consider applying with someone else. The co-applicant must have a stable source of income, though. There are two benefits of applying for a loan against land property with a co-applicant. First, it enables you to avail a higher loan amount. Second, it assures the lender that the chances of default are minimal.

Maintain a Healthy Savings Account 

A healthy savings account balance is one that can take care of your six-months’ expenses. When you apply for a loan against land property without income proof, the lender might analyse your savings account to find out your saving habits. If the lender feels satisfied that you have sufficient savings to repay the EMIs on time, they may approve the loan. 

Apply For a Lower Loan Amount or LTV

Generally, most Indian lenders approve a loan against land property for up to 60% of the property’s market value. However, if you want to increase the chances of loan approval, it is better to apply for a lower Loan-to-Value or LTV. You can also make more as downpayment than what the lender stipulates. A higher down payment speaks volume about your loan against property eligibility and makes loan approval smoother.

Have a High CIBIL Score

CIBIL score does not apply to you if you are a first-time borrower. However, if you availed a loan or used a credit card before, you have a credit profile. For borrowers with a high credit score, availing a loan against land property becomes easier. A high CIBIL score indicates that you take debt repayments seriously. Such an assurance can enable the lender to approve the loan. 

What Other Documents Do You Need to Fulfil Loan Against Property Eligibility?

Now that you know the best ways to avail a loan against land property without income proof, here is a list of the documents you need to submit along with the loan application form.    

• Latest passport-size photograph
• Age proof, such as PAN Card, Aadhar Card, birth certificate, etc.
• Address proof, such as Aadhar Card, Passport, etc.
• Identity proof, such as PAN Card
• Certificate of educational degree
• Six months’ bank account statement
• Processing fee cheque
• Property papers, including Title Deed, Tax Receipts, etc.

Conclusion

A loan against land property can provide you with quick money that you can use to pay hospital bills, construct a house, renovate your home or office, consolidate business debt, travel abroad, sponsor a wedding, and so on. Before applying for a loan against property, always enquire about the eligibility criteria and choose a lender who offers you the lowest interest rates.

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Funding big-ticket purchases or sizable expenses such as overseas education or home renovation can put a serious dent in your savings. In some cases, you may not be able to afford such an expenditure out of pocket. This is when you can consider alternate financing options like a loan against property. With a property loan or mortgage loan, you get access to an ample sanction that you can repay over a lengthy tenure. Such a financing option is quite effective when you’re looking to address priorities without breaking the bank. However, to ensure that your experience is favourable and affordable, you need to secure the best possible property loan interest rate.

To do this, the first step is to compare offerings by different lenders, be it banks or NBFCs, in the market. The mortgage loan interest rate is dependent on several factors, some linked to the applicant’s financial profile and others based on the lender’s internal policies. Of course, the property loan interest rate is also dependent on external policies of the RBI.

You can conduct a check on a third-party website and compare the interest rate offered by different lenders and choose the one which best suits your budget. Now, once you’ve narrowed down on a few options, you can consider approaching lenders to know their final offering. But, before you do, you should know that there are a few factors that affect the final property loan interest rate offered to you. Here’s a quick breakdown.

Type of property

Lenders assess the final property loan interest rate offered to you based on the type of property you pledge as collateral. Commercial and residential properties have different market values and so, the interest rate offered is also different. Moreover, the age and condition of the property may play a role in the final decision too.

Credit score

Your credit score is one of the most important factors of your financial profile. Lenders use it to assess your creditworthiness and this is why it is important to have a high credit score. Typically, meeting just the bare minimum of 650 to qualify for the loan will not get a favourable property loan interest rate. You may need a higher score of 750+ to negotiate with the lender to truly bag a good deal. Alternatively, having a low score will result in a higher interest rate mainly due to the fact that lenders perceive you as posing a higher risk.

Loan tenure

Choosing a longer tenure for LAP Loan translates to smaller EMIs, which lowers the risk of defaults. Although you should remember that a long tenure attracts more interest overall. However, if you choose a shorter tenure, lenders are likely to offer a higher rate of interest on account of the added risk.

Borrower’s financial profile

Your financial profile is another key factor lenders assess as it dictates whether or not you can keep up with payments. Here, a stable income, healthy savings and type of employment all factor into the final decision.

Remember, a low loan against property interest rate shouldn’t be the only criteria you go by. In some cases, you may end up paying fees and incur additional charges that could very easily turn a pocket-friendly option costly. Pick your lender wisely and only after accounting for all the other charges that come along with it.

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The digital world has made it convenient for us to buy all kinds of insurance, including the best health insurance plan. A major advantage of buying health insurance online is that you get to the plans before you make a purchase. There are many benefits you get when you compare health insurance plans online at Turtlemint. However, you need to complete the task with precision to get the best results. Read on to know more.

What is meant by comparing health insurance online?

As we all know, there are numerous health insurance plans available from the various health insurance companies in India. The different plans have different features and hence are all priced differently. When you compare, you get to see the plans side by side. You get to compare their features as well as their rates. This allows you to easily and quickly find the most suitable and the best health insurance plan in just a few minutes. Thus, comparing health insurance is important and also a necessary step as it helps you to save money and also find the most appropriate medical insurance coverage.

How to compare health insurance accurately

As mentioned above, there are some procedures to compare properly. If you just run a random comparison, you may not find the desired results. Here are some handy tips for you:

• Know your requirements –
  The first, and perhaps the most crucial step, is for you to know and understand your own requirements. Health insurance needs aren’t universal and everyone has a different expectation from their health cover. You need to see how many family members you have, what kind of covers you need (maternity cover, diabetes cover, cancer cover, etc) and also assess who needs more health insurance and who needs less of it. Once you work out the health needs of your family, you will be able to find the most effective health plan that would support those specific needs.
  
• Finalise a budget –
  You cannot afford to have a health plan with an unrealistically large premium. This is why you need to make a budget and see how much you can spare towards your health costs every month. Compare the plans that are in your budget to find a suitable option. If your plan is too expensive, it may become difficult for you to pay the premiums on time, so be careful and select the correct plan at the correct price. 
  
• Find out about types of plans –
  As stated, everyone has different requirements for their health covers. Keeping this in mind, health insurance providers also design different types of plans. There are the usual family floater health plans, individual health plans, critical illness plans, cancer protection plans, etc. If you are looking for a specific type of plan, it is important for you to compare the plans in that specific category. For example, if you want a critical illness cover, you cannot compare the maternity insurance covers! So be very sure of what you are looking at and compare effectively.
  
• Select the correct tenure –
  Health insurance plans are available in durations of one year, two years and at times even three years. Get the perfect plan for the perfect tenure. Remember to compare properly as well. For example, if you want a short term (1 year) health plan, compare between the short term covers only. If you want a long term health plan, compare between the long term plans. Doing so will enable you to get a realistic picture between the prices and features of the type of plan you need and you can choose properly.
  
• Consider buying riders –
  Riders are add-on covers that help you to customise your plan. Consider getting riders with your basic health plan. Compare and get a suitable health insurance policy in your price range. Then, if you feel the cover is insufficient or you want to customise it a bit more, make use of the riders. Riders are available at an added cost, but they are very handy and allow you to have the best health insurance plan at a competitive price.

If you are aware and alert about the points mentioned above, you will be able to compare and save while buying the best health insurance plans.

In conclusion

As you can clearly see from the points mentioned above, comparing the best health insurance plans proves to be very beneficial for you. Thankfully, it is very easy to compare health insurance online and the process is free as well. Therefore, never buy health insurance without comparing your options first. When you compare you get an idea about all the available options and you can then make an unbiased and informed choice and get your hands on the very best health insurance plan that would keep you and your loved ones covered in a wholesome manner.

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An unwanted expense is always a problem if you do not have the money to tackle it. Whether it is of a huge amount or just a small one, it always comes as a not so present surprise. What matters is how we tackle that emergency to make the most out of it. While some decide to exhaust their savings, others borrow from their near and dear ones. The smartest, however, decide to take the small personal loan, keeping both their savings and personal ego intact. 

What is a small personal loan?

Also known as instant cash loan, a small personal loan is an unprotected or unsecured loan that you can use for your personal financial needs. They serve as a convenient way to deal with any financial emergency without touching your savings.

Why opt for a small personal loan?

Though the sanctioned amount in case of small personal loan is low, it has various features which can be helpful.

1. No collateral is required for getting the loan sanctioned.
2. Only a few documents are required with the loan application form, during the complete process. The documents required are”

• KYC documents, for example, driving license, Aadhaar card, and voter ID card
• Last 3 months’ salary slips (for salaried) or income proof (for self-employed)
• Last 6 months’ bank account statements of salary account (for salaried) or current account (for self-employed)

3. The very easy and straightforward verification process, thus great for financial emergencies.
4. The loan is disbursed in just 30 mins of document verification and loan approval.
5. Flexible Repayment option is available.

Reasons for taking a small personal loan?

A personal loan does not mention any specific reason to apply for small personal loans. Some of the common reasons are:

1. Wedding: To ensure that your wedding is a memorable day for you and your spouse, going a little extravagant is important. So one can use the loan amount for their wedding.
2. Education: Whether it is higher studies for yourself or your kids, personal loan takes care of that at the market-driven interest rate and flexible repayment tenure.
3. Exotic vacations: Vacations are the only option to get away from the mundane lifestyle. So make sure you are taking an exciting trip with your parents and friends and let your loan finance the entire vacation.
4. Hobbies: It is important to have a hobby to stay focussed in life. These days if you like photography or music, the tools required are expensive. So instead of delaying your hobby, take a personal loan and enjoy your hobby and develop your skills in your area of interest.

The eligibility criteria for a small personal loan

To get a small instant loan, the applicant must fulfil the following mentioned eligibility criteria.

1. The applicant must be an Indian Citizen.
2. The minimum age of the applicant should be 21 and the age of customer at the time of maturity must be below 65 years.
3. The applicant must either be self-employed or have a certain kind of income.

The eligibility can also be different for various lenders, but these are the basic points. Also one can use the personal loan eligibility tool to know whether you qualify for the loan or not.

How to apply for a personal loan?

If you follow the above criteria and would like to give a new start to your life then you can apply for the loan by visiting the lender’s website and filling in the application form with the necessary details. If you qualify for the loan, you will get a call from the customer executive for loan terms.

Conclusion

A personal loan is a great tool to sort all your financial troubles. However, make sure to know all the loan details before you apply for the loan.

The post How Does a Small Personal Loan Work? appeared first on Today News Spot.

Creating and multiplying wealth requires a lot of financial discipline. You can grow your wealth systematically by investing in the commodities/stock markets. You can also opt for more conservative instruments like bonds/term deposits depending on your risk-return appetite.

In the last decade, India has witnessed the popularity of term deposits growing by leaps and bounds. Minimal risk coupled with stable returns make Fixed Deposits (FD) one of the safest investment avenues. Currently, Bajaj Finance FD rates are one of the best in the country.

Another type of deposit that enjoys equal popularity especially among the lower income group is the Recurring Deposit (RD). 

Let us now examine the differences between FD and RD.

Fixed Deposit Vs Recurring Deposit

1. Definition and Types

An FD is a type of deposit that locks your money for a stipulated period of time and earns a fixed rate of interest that is either reinvested or paid out monthly/quarterly/semi-annually/annually, depending on the interest payout frequency chosen by you. 

When interest income is reinvested and repaid along with the principal at maturity, it is known as a cumulative FD. When an FD pays out interest income at periodic intervals without compounding it, such an FD is known as a non-cumulative FD.

FDs are the best investment options for risk averse investors with lump sum amounts at their disposal.

A recurring deposit is a type of deposit that allows you to deposit a specified amount on a monthly basis for a minimum period of 6 months. 

Flexi RDs allow you to make monthly deposits in multiples of the chosen deposit amount. For example, if your minimum monthly installment amount is Rs 1000, you are free to deposit Rs 2000 or Rs 4000 etc in some months.

RDs are a good option for individuals in the small income bracket.

Bajaj Finance offers both cumulative and non-cumulative FDs. Their Systematic Deposit Plan is a variant of recurring deposit that allows you to make small deposits on a monthly basis.

2. Deposit Tenure

The minimum lock in period for FDs is 7 days and maximum is 10 years. The minimum deposit tenure for RDs is 6 months and maximum is 10 years.

3. Investor Default risk

An investor cannot default in depositing the principal amount of an FD as it is a single lump sum payment. Hence, FDs are sans default risk.

On the other hand, investors may default in making monthly deposit payments in an RD. The bank will foreclose the RD account if the investor defaults in paying monthly installments for 6 months continuously.

4. Interest rate and interest pay-out frequency.

The interest rates offered on RDs are usually lower than those on FDs for the same investment tenure.

Moreover, RDs do not have periodic interest payout options like FDs. Interest is paid along with principal only at maturity. 

An FD on the other hand enables you to receive interest income on a monthly/quarterly/semi-annual/annual basis. You can also opt for the interest compounding option and receive cumulative interest accrued along with principal amount on the date of maturity.

Bajaj Finance FD offers higher rates of return at 6.85% for senior citizens for a tenor of 5 years, coupled with a wide range of interest payout options.

5. Multi-deposit and partial withdrawal facility.

You can avail multi-deposit schemes which allow you to open multiple term deposits with the same institution. You can also withdraw a part of your FD amount to meet your liquidity needs. These facilities are not available for an RD.

Bajaj Finance FD offers multi-deposit facility along with other facilities like premature withdrawal and Loan Against Security.

Thus, Bajaj Finance term deposit schemes are recommended over traditional recurring deposits. 

In India, FDs and RDs are the most popular when it comes to stable investment schemes. You must examine their differences closely before choosing either one among them. RDs enable you to deposit a fixed amount every month that gains interest till your RD matures. On the other hand, you will have to invest a lump sum amount in an FD and the deposited amount gains interest throughout the tenor. Your investment grows at a fixed rate in both the cases but as only the first installment earns interest for the entire tenor in case of RDs, the returns of FDs are slightly better. To further improve your returns, you can invest in a high-paying and stable investment scheme like Bajaj Finance FD. It provides a flexible tenor and its multi-deposit facility can be used to invest in multiple FD schemes at once. It is also a stable investment scheme as top credit rating agencies have rated it highly for being a secure investment option.

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US SBA report says, 50% of small businesses fail after five years of operation. The main reason for failure is the lack of funds. Apart from small business loans, other creative financing options are also available. Innovative financing options are critical for the success of small businesses. Many SMEs don’t get business loans from banks. Hence, you may need to consider options other than small business loans.

In this article, we will explain the creative ways to raise funds for small businesses.

Small Business Loan from NBFCs

If banks reject your application for small business loans, then Non-banking financial corporations (NBFcs) can come to your rescue. They provide Small business Loans to SMEs at affordable interest rates. NBFCs provide easy online business loans. NBFCs like Ziploan have business instant loan apps in India for hassle free and easy processing. They can get the business loan in 59 minutes. Working capital can be accessed in 48 hours. 

Crowdfunding

Crowdfunding is a boon for small businesses. To get started, a small business needs to present its idea for which they want to receive funds. They can reach out to investors through online lending portals. It can be reward-based which promises a reward to investors on profit or either debt or equity. 

Venture capital

Venture capitalists invest in a small business that shows a high potential for growth. Most of the venture capitalists request a combination of equity and debt financing.

Trade creditors

As a small business, you are associated with many manufacturers and distributors. They can provide you with short-term small business loans. They can be convinced to not charge you for their services until you make profits. Once you pay your trade creditors and earn their trust, you can ask for longer small business loans. You can convince them for easier payment terms by showing your potential. 

Angel Investors

Angel Investors have surplus money and are keen to provide small business loans to profitable ventures. Make a promising proposal to them. If they are glued up to your planning they can also offer to mentor apart from an msme loan. 

Business Incubators and accelerators

If your business is in the early stage, consider an Incubator and Accelerator. These are the programs that assist small businesses with loans, training, operations, and nurturing. These programs normally run for 4-8 months. 

Winning contests

Many contests are held worldwide to encourage entrepreneurs to set up their business. You need to make a captivating project in order to increase your chances to win. 

Government Programs

Pradhan Mantri Rojgar Yojna – Micro Units Development and Refinance Agency Limited (MUDRA) provides Rs. 10 Lakh of small business loans. You need to submit your business plan and once approves, the business loan gets sanctioned. 

FAQs

1. How can I raise funds for my business?

Small business loans are the best way to fund your business. Many banks and non-banking finance corporations provide easy online business loans. You may also opt for crowd funding and Venture capital to get funds.

2. How do I get free money to start a business?

Government grants like MUDRA scheme are the best way to get free or cheap money to start a business. A promising proposal can create higher chances of getting a government grant. 

3. How to ask for money to start a business?

You need to be confident about your business. Prepare a well-crafted business plan that can show your real potential. You must research about the investors before contacting them for small business loans.

4. How do I get a government grant for my business?

Many state or local governments offer small business loans. Check with your local or state government for grant opportunities. 

5. What are the best sources of finance?

The best sources of finance for businesses are business loans, equity, debt, debentures, venture funding, and term loans.

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India’s healthcare system relies heavily on a network of private and public hospitals, backed by an army of medical professionals, clinical staff, and doctors. Currently, there are more than 12.5 lakh allopathy doctors in the country, according to a report published by the Union Ministry of State for Health and Family Welfare in September 2020. India’s healthcare system makes do with only 3,71,870 doctors who carry specialist/post-graduate qualifications. few NBFCs offer loans for doctors at low interest rate. 

• 52% of India’s allopathic doctor’s practice in only five states.

Recent studies show that the majority of healthcare professionals, including doctors, operate in metropolitan areas, which creates credible medical infrastructure in Tier – 1, Tier – 2, and Tier – 3 cities, but at the expenses of crumbling rural healthcare. Despite multiple attempts to divert doctors to every corner of the country, often the cost of setting up a clinic and the necessary infrastructure struck down such initiatives, also calling for suitable financing such as a loan for doctors.

The Possible Solution Healthcare Financing

Healthcare financing has, for long, been one of the most sought-after modes of financing in India’s lending industry. Loan for doctors was often availed by both new and seasoned practitioners as quick and hassle-free means to bridge monetary shortcoming. Various loans for doctors also gained immense popularity recently, as more and more practitioners looked outside of conventional funding and planned to set up their own healthcare facilities.

Opening a clinic and starting a private practice can be taxing though on one’s savings, especially for newly graduated healthcare practitioners. Healthcare financing in the form of a loan can provide the necessary assistance. There are several favourable factors why one should certainly consider this option as a way forward. Let’s take a look.

• Demand for Quality Medical Care is Growing

India’s medical industry constantly battles the ever-increasing demand for quality healthcare. A recent report published shows that the demand and supply gap of affordable healthcare in India is constantly widening.

Newly graduated doctors can take advantage of this situation and set up their own practices with the help of a loan for doctors. Extending specialised services to the rural sections of the country can be one of the primary reasons to avail a loan for doctors. They are also likely to benefit thanks to the introduction of Government-backed insurance schemes as well.

• India’s Population is Ageing

India is set to become home to more than 34 crore citizens over the age of 60 by 2050. Extending quality healthcare to this massive pool of residents will thus become necessary for both the private and public sector establishments.

Healthcare professionals can avail a loan for doctors to create nursing homes and old-age homes, offering both residential and visiting medical assistance to patients. Existing practitioners should also consider this market, extending their clinic with the help of a doctor loan.

• Medical Tourism is Flourishing

India has a thriving medical tourism industry as well, and attracts a good chunk of healthcare seekers from several neighbouring (as well as other) countries. A large pool of skilled healthcare professionals, low cost of healthcare, and affordable accommodation draw thousands of patients every year to some of the esteemed facilities of the nation.

One can easily partake in this million-dollar industry, creating the necessary infrastructure with the help of such a loan after having understood what is necessary to participate in medical tourism.

Financial institutions such as Bajaj Finserv also offer a loan for healthcare professionals at affordable interest rates and borrower-friendly terms.

Doctor loans are available for super-specialist, MBBS, DHMS, BHMS/BAMS, and BDS/MDS doctors. Such qualification eases the eligibility criteria, whereby one can avail a loan for dental clinic in India as well as avail an advance to practice alternate medicines in any part of the country. Due to these lax requirements and broad usage, these credits can prove to be the key to unlock the true potential of India’s healthcare industry.

The lender even extends pre-approved offers, which further simplify the application process and help save time. These offers are available on several different forms of credits, such as business loans, personal loans, etc. You can check your pre-approved offer online by sharing only some essential details.

Check out here few tips for online Doctor Consultation in India.

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A personal loan is an unsecured loan that an individual or entity can opt for their personal needs and requirements. For personal loan approval, the documentation process has to be passed, and that’s why you need to know about the necessary documents that you must have in order to get your personal loan sanctioned.

Documents Required For Personal Loan:

If you are a salaried Professional or self-employed, you need to submit the following required documents for your personal loan.

• Proof of Identity

Under Proof of Identity, any statutory issued photo document would work. Now, what all can be counted under the photo documents? It mainly includes a driving license, passport, PAN card, Voter ID card, etc.

• Proof of Residence:

Under Proof of Residence, the same documents as above would work, though just ensure that there’s your residence address on it. However, you can even apply with utility bills like electricity bill, water bill, and even your Ration card would do the work.

• Income Proof:

The income proof depends based on which category you fall in from the below:

• A) Salaried Professional – Keep your FORM 16 (certificate of tax deducted from salary), or the Income Tax returns of the past three years accompanied with the bank (in which salary is credited) statements of the previous 6-12 months.
• B) Self-Employed – Keep the last three years of income tax returns (ITR) ready along with the other necessary documents, and yes, not to forget the annual accounts.

Eligibility for a Personal loan

It is impossible to tell at the moment, whether or not you are eligible for the personal loan. If we have to sum up in two words, then we would just say “Credit Score”! Yes, it’s the whole game of maintaining a decent credit score, especially in this case as you are going for a personal loan.

The questions regarding loan eligibility and the loan amount can only be answered by the lender. If you have a good credit quality, trust us, you won’t have much issue in obtaining a personal loan. In most cases, you may even easily get a pre-approved personal loan sanction.

Is there a way to get a personal loan sanctioned online only?

Yes, a lot of lenders these days in the market have also started to adopt digitization for loans. The borrowers can complete the whole loan process online only. The documents could be uploaded in soft copies as per the details given. Most of your leading financial institutions and banks have taken the whole personal loan application process online only. In the current market, these days there are a lot of instant approval personal loan applications that have made it a lot easier to get your loan approved.

Requirement or necessity of original documents

You have to submit the photocopies of your original documents to the lenders. However, we recommend you to keep the original documents in handy, in case the lender has to validate the photocopies with the original documents. Beware of the individuals who ask you to upload/submit all original documents. Yes, at times, a few original documents could be required for some time just for verification purposes, though, other than that, originals are for you to keep with you only.

How to opt for a pre-approved personal loan?

As the name suggests, a pre-approved personal loan isn’t for everyone out there. For instance, if you are already a customer of a bank, then you may get the privilege of an instant personal loan or pre-approved loan as most of your documents are already up there in the database. Also, it depends upon credit history, repayment capabilities, income records, etc.

Are the documents required for submission going to remain the same with every lender?

In most of the cases, the documents are going to remain pretty much the same only. However, a few documents may go up and down, depending upon the lender and loan type. In certain cases, you may be asked for less or more documentation too. So, it all comes down to what you are looking for and where you are looking for. Hope that makes it clear!

Conclusion: We hope that you would have now understood about the different kinds of documents required for personal loan approval. That being said, just follow what we have said above and in a matter of time, your loan amount would be in your hands. So, what are you waiting for? Get the documents ready!

The post What Documents are Required for a Personal Loan? appeared first on Today News Spot.

In today’s time, it is extremely easy to get cash from lenders to finance your emergencies. These loans provided are unsecured loans that do not require any collateral or security. This is also the reason that to ensure that the borrower does not default, the eligibility criteria are a little stringent.

While the eligibility criteria may vary for different lenders, some common points that all the lender’s personal loan requirements include are:

∙        Applicant must be a resident citizen of India.

∙        The age of the applicant must be between 21-60 years of age.

∙        The applicant must have a good credit history and a good credit score

∙        The income of the applicant must be more than Rs 20,000 per month.

∙        Must be able to present the salary slip of past 3 years.

∙        A valid employee ID card.

These are some criteria that are mentioned by each lender as the eligibility criteria. However, some hidden factors can help you in getting a loan sanctioned by Fullerton India online personal loan application. One of these factors is the Borrower’s company.

Let us learn how your company’s profile can impact your personal loan.

How your company can impact your personal loan

Most of the lenders offer instant loans or pre-approved loans to various applicants. This instant-loan is either due to your good credit history and more often than not it is due to the organization you are working in Employees of a reputed company are more likely to be offered such instant-loan service by lenders.

The loan application of the applicant is assessed based on the applicant’s employer. For most of the banking institutions, the companies are divided into listed and non-listed categories. These categories are further differentiated into various sub-categories like

∙        Super A

∙        Category A

∙        Category B

∙        Category C

∙        Category D

∙        Silver

∙        Gold

∙        Platinum

∙        Diamond and so on.

For private employees, categorization is done on the reputation of the company. At the same time, a variety of deals are also offered to government employees and top-rated private and public companies who seek personal loans.

In the case of government employees, the lenders do not worry much as the loan offered is secured and guaranteed by the government.

Your organization will not only help you get a loan but will also help you get the personal loan at a lower interest rate. With a good company’s reputation, the lenders are open to negotiations as it reflects well in their company and the lender’s profile.

Why the borrower’s company matters?

As a personal loan is an unsecured loan, the risk is high and the chances of failure too are high. To ensure minimum risk and maximum profit, the lenders look for criteria through which they can ensure the individual has a stable and regular source of income.

The only way to do this is to check the individual’s income and the reputation of the company the persona is working in. The organization’s name indirectly acts as the security for the applicant.

Conclusion

If you do not work in a reputes company or are working in a start-up, do not worry. It does not mean that you are not eligible for a personal loan. Instead, you can work on other eligibility criteria to ensure you get the funds you require. All you need to do is look for lenders who do not mind you working in a smaller organization, and are also willing to offer you the loan amount that you want.

In the end, your loan amount, application, and interest rate will be determined by the lender you choose to get the loan from. So, choose wisely and fund your emergencies without any worry.

The post How borrower’s company may impact on a personal loan? appeared first on Today News Spot.

A money back policy can secure your family financially under unavoidable circumstances, such as critical illness or your sudden death. This insurance plan will pay your dependants periodically to meet financial liabilities in various stages of life. It is not only an insurance policy but also an investment plan. We have listed five key benefits of it below. Let us take a look to understand why owning a money back policy is a wise choice.

• Survival Benefits

The policyholder gets an amount of money every couple of years until the policy ends. These payouts begin after a few years from the money back policy’s commencement until the plan matures. This survival benefit is a percentage of the total sum assured, which the insurance company splits over the policy term. The policyholder gets the remaining amount at the time of the plan’s maturity. However, if the insured meets an untimely death during the plan term, the survival benefit does not accrue.

• Death Benefits

A death benefit is a periodic payment that the nominees receive under the circumstances of the policyholder’s sudden death. This amount consists of the money back policy’s total sum assured and the bonus accumulated since the plan’s commencement. It helps the family of the insured to meet financial liabilities after he is no more. As mentioned earlier, the nominees do not get the survival benefit after the death of the insured.

• Maturity Benefits

The total amount of funds received at the maturity of a money back policy is known as maturity benefits. It is the combination of the sum assured, the remaining amount of the survival benefits, and the bonus accumulated over the years. The amount of compensation depends on the company’s performance. Also, some offer a terminal bonus too.

• Sum Assured

The sum assured is the amount of money determined upon while buying the money back policy. This amount also determines the premium that the insured party has to pay during the policy term. The sum assured is paid to the policyholder when the plan matures or nominees if the insured does not survive the period.

• Bonus

The bonus is paid to the insured party depending on the performance of the money back policy provider. It is either paid to the insurer or the nominees in case of the policyholder’s untimely demise. There are mainly two types of bonuses. They are:

• Reversionary Bonus

It is declared at every year-end and combined with the total amount paid to the insured or the nominees. Reversionary bonus is again classified into two types- simple and compound.

• Terminal Bonus

It is also popular as a persistency bonus and is paid at the end of the money back policy term or even as death benefits.

Conclusion

A money back policy offers much better benefits than several other insurance plans. The five mentioned above will help you determine why investing in such a policy can secure your family’s future financially if you happen to meet something unfortunate.

The post 5 Key Benefits of Money Back Policy appeared first on Today News Spot.

Usually, the cost of pursuing higher studies abroad is quite expensive and to pay for it many aspirants look for external financing such as an education loan. For instance, the cost of pursuing a course in the United Kingdom can cost anywhere between Rs.19 lakh and Rs.39 lakh based on the selection of an academic course and University.

However, the chances of availing such a loan depends significantly on the CIBIL score of the guarantor backing up the applicant. It is because the score serves as a summary of an applicant’s credit history and his/her track of previous repayments.

Consequently, financial institutions prefer applicants who carry a credit score of more than 750. It often limits the chances of many in availing loan approval, restricting them from funding their higher studies abroad.

Nonetheless, with the availability of secured financing options like education loan against property, individuals may avail funds at a low credit score. Furthermore, such a funding option extends user-centric features and benefits that allow individuals to meet their requirements quickly.

CIBIL score and education loan against property 

One must, nevertheless, note that a high CIBIL score can come in handy in more than one way for borrowers. For instance, individuals with a high credit score are more likely to secure a lower interest rate and better terms of repayment than most others.

Also, there are plenty of ways through which one can improve his/her current CIBIL score eventually.

Nevertheless, one must become familiar with the factors that impact the CIBIL score. For instance, the following factors impact one’s CIBIL score to a great extent.

• Repayment history accounts for 35% of this rating.
• Credit utilisation ratio makes up 30% of the score.
• Loan tenure acquires 15% weightage.
• Credit mix and CIBIL score enquiry makeup for 10% of this score.

One can take measures to improve this existing credit score by taking care of a few factors. The most effective means include –

• Repaying debt in time.
• Keeping credit utilisation ratio below 50%.
• Maintaining a diverse credit mix.
• Limiting the number of loan applications at a given time.

Hence, individuals with low credit scores can avail an education loan against property from a lender who extends credit against a low CIBIL score requirement. Nevertheless, individuals may consider improving their credit score through healthy practices for financial management and avail multiple benefits while applying for a financial product.

Education loan against property – A better alternative to finance higher education

The following few features make an education loan for abroad studies a suitable financing option.

• Simple eligibility 

Being a secured credit option, a loan against property is made available at simple eligible criteria. For instance, leading financial institutions consider salaried applicants between the age of 33 and 58 years with a stable source of income eligible for this loan.

Also, the CIBIL score requirement for an education loan against property is comparatively lower than most other unsecured financing options. Nonetheless, one must check education loan eligibility against the property before applying for it to minimise the risk of rejection in general.

• High loan value with zero restrictions to use

Leading financial institutions provide up to 75% – 90% of the mortgaged property’s market value as the loan amount. Notably, this amount can go up to Rs.3.5 crore for self-employed applicants and Rs.1 crore for salaried employees.

The best feature of this loan is that it does not impose any restriction on how the borrower uses these funds. It allows students pursuing higher studies abroad to account for expenses like – food, lodging, transport, stationery, etc. Consequently, it will enable students to manage their finances better while studying abroad.

• Flexible repayment tenure

Leading financial institutions offer this credit at flexible repayment tenure that allows borrowers to plan their repayment and streamline it accordingly. For instance, usually self-employed applicants get up to 18 years to repay the loan.

However, one must note that the tenure plays a significant role in deciding property loan interest rate and monthly EMIs. So, one should factor in those aspects as well to make the most of such financing before applying for a loan against property.

Other than these, leading financiers also extend additional facilities like loan balance transfer and top-up loans. With a balance transfer facility, one can lower their loan burden by switching to a new financier. Likewise, the top-up loan feature helps them to avail additional funds to meet ancillary requirements.

Also, the lenders provide tailor-made pre-approved offers to customers that make the process of availing a financial product less time-consuming and simple. Usually, these offers are available on multiple financial products like loans against property and home loans. You can check your pre-approved offer by sharing details like name and mobile number.

With all these aspects in mind, individuals can proceed to apply for a suitable funding option, preferably a loan against property, to fund higher education. Simultaneously, they must also make proper arrangements to ensure timely repayment of the advance and improved financial management.

The post How Does CIBIL Score Matter in Education Loans? appeared first on Today News Spot.

If you are planning to buy a new bike or car or want to pay for your medical bills or your education, applying for a personal loan is the best option. Personal loan rescues us from any situation easily. If you are in search of a lender that provides a personal loan in India, then there are literally many lenders available in the market, and you have to research to find the best lender.

With the advent of technology, it has now become easy to avail a loan online using the simple loan application form of the lender. You may not have to visit the lender’s physical location to submit your documents. You can upload them online and complete your KYC to get approved for a personal loan instantly. But there are certain rules that should be considered before getting a personal loan.

Rules to Follow When Taking a Personal Loan

1. Say no to advance EMIs: Some lenders will ask you to pay first and second EMIs in advance while taking a loan. This may lead you to pay more interest. So, always avoid paying EMIs in advance and choose a personal loan lender who only asks you to pay EMIs regularly.

2. Don’t apply for a loan with many lenders: Never apply for a loan with multiple lenders. Every time you enquire about a loan, the lender studies your profile. If you register in 5 different apps, the lenders will think you are credit hungry and you may face a rejection straight away.

3. Go for short tenure: Choosing a longer tenure might be tempting because you will pay lower EMIs. But you will end up paying more without even knowing. So, short tenures are better even if the EMI is slightly higher.

4. Check for other charges: Most lenders levy hidden charges. Only a few lenders charge less processing fee and other charges. Therefore, before applying for a loan, read the fine print carefully to avoid disappointment at a later time.

5. Don’t take a personal loan for investment: Personal loan interest rate is higher compared to most of the loans. Taking out a personal loan to invest is ideally not the best choice because the purpose of investment is to generate more money but not to pay interest.

6. Repay on time: It’s a known fact that timely payments can improve your credit score and you will have access to loans in the future. Late repayments on your personal loan will cost you huge penalties, which affects your CIBIL score to a great extent.Follow these rules when taking a personal loan so that you will stay prepared and avoid unnecessary hassle. If you are looking for suggestions on the lender to choose, choose Flex Salary. It is one of the best lenders, which can offer a personal loan in India https://www.flexsalary.com/ within a few hours. It’s a personal loan with no fixed EMI – If you don’t have money to pay this month’s EMI, you can make a minimum payment. You can continue making minimum payments till you are financially stable, which is a huge benefit when you apply for a loan with Flex Salary.

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The buyers, sellers, and manufacturers in every other country are bound to pay tax on what they produce or purchase. The government will receive this tax and will add it to the government’s revenue. This revenue generated from the tax is useful for the development sectors and other fields of the country.

Apart from development factors, the tax amount is useful in paying government employees’ salaries, such as government schools and hospitals. Whether there is a need for money by the government or not. The government still applies a tax on goods and products because to make the resources available every time. People tend to buy the product less if the tax applies to it than the products having no tax.

It becomes impossible and hard for the sellers, manufacturers, and companies to understand the VAT rules and regulations. That is why they consult agencies for help; the best VAT consultancies in Dubai are also available to guide in this regard.

What is Value added tax (VAT)

Value added tax or VAT is also known as goods and services tax sometimes as it is the tax on goods and other raw materials. Value added tax is much more different from sales tax. Value added tax is payable on each stage of the production. When a seller sells its product to a buyer, the VAT is inclusive of its cost.

 Let suppose the sellers have a product whose manufacturing cost was 100, but when the seller would sell the product, a value added tax will be a part of it, which may be any standard rate for every product. The buyer’s total cost will be its actual cost, plus the Value added tax.

The tax that the buyer pays is received by the government indirectly through the actual seller because the government is not responsible for tracking a record of every buyer ad then goes door to door for collecting the tax.

How VAT works?

To understand the working of the VAT, let consider a product that is manufactured by a manufacturer. The manufacture does not produce just one product; instead, the quantities are enormous. When the manufacturer sells the products to the buyers, they include the tax on each product.

The manufacturer receives the cost of the product along with the tax amount for each product. The government takes the total tax depending upon the number of goods sold. The VAT rate for the type of product is different, ranging from 20 percent to zero percent.

Are charities free of VAT?

Charities work for the well being of individuals and society. The charities may intend to provide different modes of help. There is no exemption for charities that are providing services like sports events and fitness activities.

Activities that intend to save human life and are crucial for humans are likely to get zero VAT rates. You can get more information about VAT exemptions from the best VAT consultantcy in Dubai.

Which activities in charity pay a reduced rate?

Not all the activities under charitable organizations are free; some activities have zero VAT rates. Such actions are as follows.

• Ambulances: Many charities provide ambulances to hospitals to deal with any emergencies.

• Medical equipment: Stethoscope and machinery used in hospitals and health care institutions are free of VAT.

• Equipment purchased for disabled people: Wheelchairsand other necessary equipment types for a disabled person are also part of the Zero VAT rate list.

• Rescue material: Rescue materials such as life jackets, boats, and ambulances have zero VAT rates for charities.

• Drugs and medicines: Charities donate medicines and other medical equipment to many medical camps and hospitals. When the charities prove their eligibility for relief, they get the medical equipment at a zero VAT rate from the supplier.

• Home and shelter services: Charities provide shelter and homes to homeless people. They receive a grant in the construction of shelters and homes.

• Advertisement material asking for donations: Charities don’t work on their own they also ask for grants from the people. The medium use to ask for varies. For example, writing letters are a way to ask for donations, envelopes, and other relevant materials are with zero value-added tax.

What is a relief, and how to ask for VAT relief?

The discount on the VAT rate is known as a relief. Many charities who are are not having zero VAT rates can apply for relief.  Charities must prove their status with the documents required.

Letters and certificates from the authorities play a significant role in relief for the charities. These letters are means for the confirmation of the eligibility for relief.

If you are one of the charities and need help regarding VAT relief, seek the guidance and assistance of the best VAT consultancy in Dubai.

The post A complete Guide to VAT for Charitable Organizations appeared first on Today News Spot.

Let’s face it – getting into private equity industry is one of the toughest nuts to crack. The grueling process of getting into a private equity firm starts with a challenging interview where partners or someone at the mid-level will grill you with brainteasers. If you aim to become one of those private equity professionals, you must crack your way through these brainteasers. 

 These are questions that check your mental math skills. While mental math skills are not so important in private equity, but hedge funds need people who can do quick math. Private equity investment professionals require good math skills as well as soft skills they often involve themselves in financial statements, building financial models, investigating market and trends, and other tasks.  

Most of the brainteasers asked in a PE/ hedge fund interview are questions related to probability or statistics. These questions will test how quickly you can perform math. Accuracy is paramount in answering these questions. However, interviewers understand that unless you are frequently brushing up your mental math skill, it would be a challenge to answer those questions. What’s more important, therefore, is following up the answer with an approach. Even if you answer wrong, explaining how you arrived at the answer will give you bonus points from the interviewer. 

To give you a gist of the questions asked in a private equity/hedge fund interview, here are a few examples. 

Q1. What is the probability of drawing two sevens in a deck of cards?

There are four 7s in a deck of 52 cards. So the probability of drawing 7 in the first draw is 4/52, which equals 1/13. Then, there will be three 7s in a deck of 51 cards. The probability of drawing 7 in the second draw will be 3/51, which is equal to 1/17. The cumulative probability would be 1/13 multiplied by 1/17, which yields 1/221. 

Q2. Suppose you are paid an equivalent amount of dollars to the number you roll. For instance, if you roll 5, you will be paid $5. What is the amount you are willing to pay if you roll a fair six-sided dice? 

The amount of return will be the probability of each outcome multiplied by the outcome. The average of each outcome which has equal probabilities is 3.5. 

 Q3. A closet has three bulbs and three switches outside the roof. If you can enter only once in the closet. How will you determine which switch to turn on?

Turn on two switches – A and B. Once you enter the room turn off switch B. Touch the bulbs and you will feel warm. The bulb that feels warm is controlled by switch B. The 

the third bulb which is off and cold  

is controlled by switch C. 

Q4. You are given a length of rope that can be lit to burn. However, the rope burns unevenly such that if you burn half the rope it would not indicate that half-hour has passed. 

Burn both sides of the rope. One side will burn faster than the other such that when they meet an equivalent of half the time has passed. 

Q5. Following up on the last question, if you’re given two ropes. How will you measure 45 minutes?  

 To measure 45 minutes, burn one rope on both ends like in the previous scenario. Light the second rope simultaneously. When the first rope burns out, a half-hour has passed. The second rope only has 30 minutes on it. Quickly burn the second end of the rope. When the fire meets at both ends again, it will be fifteen minutes. 

 Q6. You have a 10X10X10 cube made of 1X1X1 cubes. The sides of the larger cube are completely painted. How many cubes are not painted? 

 First, realize that there are 1000 cubes. The number of cubes that don’t have paint on them are 8X8X8, which equals 512 cubes. So the number of cubes that don’t have paint on them is 1000-512, which equals 488. 

Power proof your way into a private equity firm

 Private equity jobs are hard to get. One of the ways you can ease your way into a private equity firm is by getting a private equity certification. Chartered Private Equity Professional (CPEP) from the United States Private Equity is a globally recognized high –value certification that can ease your way into the private equity industry. The certification demonstrates your proficiency in the technical and soft skills required to excel as a private equity investment professional. 

The post 6 Brain teasing Questions That Private Equity Firms and Hedge Funds Ask appeared first on Today News Spot.

It can be overwhelming to manage loans, investments, credit cards, and investments, all at the same time. However, with online portals like the Bajaj Finserv Experia, you can find everything in one place. That way, it becomes significantly simpler to keep track of different financial commitments, saving both time and effort. 

Furthermore, with a simple Bajaj Experia login protocol in place, the entire process becomes even more effective time-wise. You can access a host of financial services with just a few clicks any time on the go. 

Guide to Log in to bajaj finserv experia login

For Bajaj Finserv Experia login, you can either visit the NBFC’s official website or do so via the mobile app. You can log in to your account in multiple ways. You might sign in with OTP, password, or through social media accounts. 

• With OTP

The steps that you need to follow to sign in through its website with OTP are:

1. Head to “My Account” at the dashboard on its homepage. 
2. From the dropdown menu, select “Customer Portal.”
3. Enter your phone number, email ID or customer ID, select “Send OTP” and click on “Generate OTP”. 
4. Select “Send OTP on Email ID” or “Send OTP on Mobile no.”
5. Provide the OTP you receive on your number or ID and tap through “Next.”

• With password

In case you hold a password, follow the first two steps as mentioned above for Bajaj Finserv Experia login via the NBFC’s website. After that, refer to this guide:

1. Provide your customer ID, email ID, or number, select “I have a password”, and click on “Next.”
2. Enter the password in the following page and tap through next to sign in

In case you do not remember this password, you can reset it in the following manner –

• Click on “Forgot Password” in Step 2
• Choose where you’d prefer to receive the OTP – mobile or email – and provide corresponding details, date of birth, and enter the Captcha before tapping through “Submit.”
• Provide this OTP and follow the protocol as guided by that portal

Consider setting a strong password, with combinations of alphabets, special characters, and numbers, to avoid unauthorised Bajaj Experia login.  

• Using social media accounts

If you have registered your Facebook or Google account with Bajaj Finserv, you can use those for login as well. After visiting the customer portal, adhere to these steps:

1. Click on either of the Bajaj Finserv customer portal login options with Google and Facebook icons
2. Follow the procedure as per your choice

• Via app

You can access all the benefits of the NBFC’s customer portal through the Bajaj Finserv Experia app. Take a look at the steps to log in:

1. Open the app and select “Login using Mobile no.”
2. Provide your number on the following page and click on “Continue.”
3. An OTP will be generated and sent to your mobile number
4. Enter that and tap through “Continue.”

Alternatively, you can use an M-Pin on the first step. Also, it’s possible to sign in using your customer ID or Facebook account. 

Features of Bajaj Finserv customer portal

Online payments

You can pay for a host of services through this portal. Be it EMI payments, premiums for insurance policies, or investments, you can carry it all out through this web-based platform. 

Keep up-to-date with loan

It’s quintessential to keep track of your existing loans. The Bajaj Finance customer portal allows you to check out your loan details anytime from anywhere. You can check EMI dues, principal repaid, etc. instantly through it. 

Avail pre-approved offers

If you are eligible for pre-approved offers, you can view those via this portal. Based on your eligibility, you can avail such offers across an array of financial products like personal loans, home loans, credit cards, etc. Provide details like name and phone number to check your pre-approved offer. With these, you can access different financial services quickly.

Aside from these, you can also find a range of other financial services on the portal. After Bajaj Experia login to its website or app, you can apply for loans and credit cards, shop online on EMIs, etc. easily.

The post Step by Step Guide: How to Login to Bajaj Experia Customer Portal? appeared first on Today News Spot.

Are you looking to apply for a mortgage loan to borrow a large loan amount and meet many of your needs? If yes, then you are not alone! 

Many people apply for a mortgage loan like the loan against property since its secured finance. 

Being secured in finance, mortgage loans attract an affordable rate of interest. This way, you can manage your outlays by paying smaller EMIs. 

If you want to enjoy lower loan against property interest rates, then you ought to know what determines the loan rates. 

Read on to know some vital factors that determine the loan against property interest rates!

1. Your credit score 

Your credit score is one factor that affects the interest rates of mortgage loan. The higher is your cibil score; the lower may be the interest rates offered by lenders. A higher score showcases that you are a reliable loan customer. And hence; creditors reward you by offering a lower rate of interest. A cibil score of 750 or more is considered ideal for anyone to get the loan approval at a lower rate. 

2. Your location of the new home 

Lenders may provide you with a lower or higher loan against property interest rates depending on where your home is located. Thus, it depends on where you are availing the loan and in which city. If you use the loan money to buy a new home in an area with poor infrastructure, then the applicable rates on it will be higher. It is because lenders will find it tough to liquidate it in case of defaults.  

3. The price of the home and the loan amount 

If you are availing a larger or smaller loan amount, then you have to deal with a higher loan against property interest rate. The money that you need to borrow for the mortgage loan is the price of the home + closing charges – your down payment. Hence, buying a home that is carrying a bigger price will mean borrowing a large loan amount. Such loan types lead to a higher interest rate. And vice-versa is true for a smaller loan amount for a home with a small price tag. 

4. Down payment 

If you manage to put down a large down payment – about 20% of the value of your new home, then you will get a lower rate of interest. It is because you will only need to bother about the applicable rate on the remaining 80%. Not being able to put down 20% may lead to paying EMIs consisting of a higher amount + interest charges. 

5. Loan tenor 

Opting for a smaller tenor may mean paying higher EMIs but lower mortgage interest rates and vice versa. If you can, then you should go for a smaller loan tenor and avoid paying higher interest rates. 

6. The types of the interest rate applicable 

In general, there are two types of interest rates – fixed and flexible. Fixed rates remain the same over the tenor. Flexible rates come with a fixed initial phase, and after that, they may reduce. Hence, your starting rate of interest may be lower if you opt for a flexible rate compared to a fixed rate. But that may slowly increase later. 

7. Loan types 

Mortgage loans may be of various types such as the loan against property and more. The rate of interest could be different and may be based on what type of loan you choose. You should get in touch with your lender to dig deeper into this. This way, you can have an idea of what kind of mortgage loan will suit your needs. 

You now have an idea of the vital factors that majorly determine the mortgage loan rates such as the loan against property interest rates.  

The post Top 7 factors that Determine your Mortgage Interest Rate appeared first on Today News Spot.

In case you want to assess, analyze, and evaluate your tax claim or rebate eligibility for home loans on multiple properties, it is important to understand the taxable amount, sections, options to claim tax benefits on interest, principle, and the joint loan considerations if any. 

Besides, if you own multiple properties with a few or all being purchased via home loans, there are quite a few aspects to consider, including the one related to rental income, occupied establishments, and more.

In the subsequent sections, we shall take a closer look at the diverse aspects of home loan tax benefit, precisely for multiple properties:

1. Considerations related to Principal Payments

Regardless of the number of properties you own, Section 80C of the Income Tax Act allows you to get a rebate of up to 1.5 lacs on the repayment of the principal amount. However, the 1.5-lac limit is applicable to the property conglomerate and cannot be extended even if you have multiple properties at your disposal.

2. Tax Rebate on Interest Paid

In case you want to save money on the total interest paid, you can consider Section 24 of the ITA for claiming rebates amounting to 2 lacs, irrespective of the number of properties you own. However, the limit exceeds up to 3 lacs for the seniors. However, if you are planning to let the property out, the interest claiming limit doesn’t exist as the same can be adjusted with the rental income. Despite the workaround related to interest claims and even the existing number of properties, you cannot get a rebate of more than 2 lacs in case the ‘Letting Out’ Venture starts incurring losses.

3. Pre-construction Interest

If you have multiple properties on loan with pending constructions, you can still get a sizable tax debate for the EMIs paid before the establishments get handed over to you. The total incurred interest, however, can only be claimed as 5 equal and separate claims. Moreover, even in this case, there is a 2 lac cap on the home loan tax benefit. Your calculations are made using a house loan calculator, you can easily evaluate the interest, payment, and even the overheads.

4. Considerations for Registration Charges

For individuals interested in purchasing properties, even the stamp duties or registration charges can be claimed as a part of the tax rebate scheme. Then again, you need to consider the 1.5 lac cap and the same year expense factor into account.

5. Deduction and Rebate under 80EEA

The budget of 2019 also accounts for a rebate of up to 1.5 lacs under 80EEA, applicable for properties with stamp value equal to or lower than 45 lacs. However, this form of tax rebate is also applicable to either of the purchased properties.

6. Joint Home loan tax rebate

To enjoy tax claim benefits for joint loans, the number of properties does not come under consideration. However, the co-borrower and co-owner can enjoy separate benefits, as per the mentioned sections.

Depending on the number of properties and calculations made using a house loan calculator, you can easily evaluate the interest, payment, and even the overheads. This would eventually make it easier to analyze tax rebates, either yearly or across the entire loan tenure. 

The post Tax Rebate Eligibility for Home Loans on Multiple Properties: Here is everything you need to Know appeared first on Today News Spot.

Chennai’s cost of living index and average rent is 11.76% and 69.04% less than Mumbai, making it a sought-after residential city. Additionally, the city has a booming IT sector that offers ample job opportunities. While Chennai is one of the top metro cities for relocation, moving here and staying on rent involves many costs. However, you can tackle expenses by opting for a rental deposit loan in Chennai. This is a type of personal loan designed to help you address relocation expenses, while keeping your savings intact. 

A notable option to consider is the Bajaj Finserv Rental Deposit Loan, which gives you access to a sizeable amount for a flexible tenor. To know more about why you should opt for this offering, read on. 

Allows You to Pay Hefty Security Deposits

Security deposits in Chennai are infamously high, with landlords demanding around 7 months’ rent, as per a 2019 NoBroker study. As this amount may run into lakhs, opting for a Bajaj Finserv Rental Deposit Loan in Chennai can be beneficial. You get up to Rs.5 lakh to cover this expense and others. 

Facilitates Easy Repayment

Bajaj Finserv makes repayment simple and stress-free by offering a flexible tenor of up to 36 months. This allows you to repay the sum as per your financial capabilities.  

Helps Address Ancillary Spends

You also need access to finance to pay advance rent, brokerage, and auxiliary expenses like packers and movers, electricians and plumbers. Using the ample sanction from a Rental Deposit Loan in Chennai, you can cover all these costs.

Facilitates Speedy Disbursal

Rental properties cost more in areas that are close to offices and offer ample amenities. Therefore, Bajaj Finserv disburses the loan amount in 24 hours, so that you don’t lose out on the property of your choice because you don’t have the funds you need to make an offer. 

Extends Value Added Services

Bajaj Finserv’s Rental Deposit Loan in Chennai offers services like Bajaj Allianz’s My Home cover for added protection and the Flexi Loan facility. The latter lets you borrow as per your needs, pay interest only on what you use. This further helps you repay comfortably.

Should moving to Chennai or moving into another home in Chennai be on the horizon for you, check your pre-approved offer today to avail customized, hassle-free financing for all your rental needs.

Must Read: How Rental Deposit Loans Are Making It Easy For You To Rent A New House

The post 5 Reasons Why a Personal Loan is Best Financial Solution for a Security Deposit appeared first on Today News Spot.

The Reserve Bank of India declared to extend the moratorium period on term loan EMIs until 31^st August 2020. Previously, the extension was offered for three months ending 31^st May 2020. Such an extension is directed towards making the loan repayment experience smooth and less cumbersome for existing borrowers. 

Regardless, only eligible customers can request a moratorium and ease their current liquidity crisis easily. To further benefit from this feature, customers of leading financial institutions should learn about ways to extend their EMI moratorium period on advances like the Bajaj Finserv Personal Loan.

Eligibility to avail a moratorium on loan EMIs

Borrowers can request for a moratorium on EMIs yet to be paid for June, July and August. Individuals meeting these following criteria would be deemed eligible for a moratorium on all existing loans.

• Customers, including personal loan borrowers.
• They should have a consistent track record of timely loan repayment.
• Should not have more than 2 EMIs due.

It must be noted that Bajaj Finserv Personal Loan borrowers may be asked to fulfil additional requirements to extend the moratorium if they do not meet all these criteria. Generally, applicants are contacted only if their requests are rejected for any particular reason.

Documents Required For EMI Moratorium

Borrowers may be required to submit a fresh NACH debit mandate to send a request regarding an EMI moratorium for a personal loan. The concerned financial institution may direct borrowers to submit other documents as well depending on their requirement.

How to extend the moratorium on loan EMI?

Typically, individuals can raise a request for a moratorium on their existing personal loan EMIs at least 7 days before the EMI due date. They can do so by following two simple ways – 

1. Through customer portal

• Log in to your financial institution’s customer portal and authenticate your customer identity.
• Next, select ‘Covid-19 Moratorium Policy’ from the drop-down menu to raise a request.
• Proceed to provide details pertaining to the existing personal loan.
• Go through the terms and conditions and click on the ‘I Agree’ option.
• Complete your application by submitting the request.

2. Via email

Individuals can also raise a request for a moratorium by sending an email to the designated email ID of their concerned financial institution. 

Typically, individuals are required to send details pertaining to their Bajaj Finserv Personal Loan via an email. Subsequently, the request is reviewed as per the defined policy of the financial institution, and a decision regarding approval or denial is taken accordingly.

By opting for this facility, borrowers do not need to pay any EMI bounce charges on their personal loan for the delays.

Things to consider about a moratorium on personal loan EMIs

An EMI moratorium tends to benefit borrowers who are struggling with a financial crisis and income uncertainty. However, there are few things borrowers must be aware of before requesting for the same.

• Though individuals do not have to pay their loan EMI during this period, the loan due still continues to attract interest. In turn, it increases the total outstanding amount.
• Borrowers who would be comfortable paying an increased EMI post moratorium are only recommended to raise a request for it.
• It also leads to an increase in the overall loan tenor. Typically, such tenor increase depends on the number of months borrowers have opted for a loan EMI moratorium.

Individuals who intend to apply for a personal loan within the moratorium window can also opt for this feature. Or, they can simply select a loan EMI and tenor combination that suits their current repayment capacity. Typically, a Bajaj Finserv Personal Loan comes with an attractive rate of interest and flexible loan tenor, which facilitates easy repayment.

The lender also brings pre-approved offers to improve and simplify the loan availing experience. Such offers apply to several financial products, including personal loans and business loans. Check your pre-approved offer in a few steps by entering name and contact details. 

While at it, applicants should also pick some tips to manage personal loan EMI repayment efficiently to streamline their financial management.

Lastly, borrowers must weigh the pros and cons accompanying a moratorium for Bajaj Finserv Personal Loan EMIs. In turn, it will help them to make an informed decision. Also, they must read all the associated terms and conditions to eliminate the risk of any confusion in the future.

The post Easy Ways To Extend Loan EMI Moratorium For The Bajaj Finserv Personal Loan appeared first on Today News Spot.

Interest rates on loans against property can contribute significantly to the cost-effectiveness as the extended tenor and sizeable EMIs of these advances can affect one’s repayment capacity. Also, as the loan amount is of high value, even a split-percentage increase in the lending rate can lead to substantial interest accumulation over its repayment timeline.

While lenders cover the risk of such long-term lending with interest charge, borrowers seek to reduce the repayment liability with affordable loan against property interest rates. The rates so fixed by a lender are, however, subject to a few crucial factors. By understanding such factors and making essential changes, individuals can avail reduced loan against property interest rate.

Top 5 factors that influence property loan rates

Choice of interest type

Typically, there are two types of loan against property interest rates applicable – floating and fixed rate. Depending on a borrower’s preference of interest type, the interest rate can change. 

Floating rates are chargeable based on the interest rate alterations that the lending market goes through. Hence, if the market rates reduce, individuals can expect similar reduction in their rate of interest, thus leading to lower monthly instalments and vice versa.

As for the fixed rate, it remains unchanged throughout the tenor irrespective of the market changes. Lenders sometimes also levy mixed rates that begin with interest chargeable at a fixed percentage for a given timeline, beyond which it accrues at the floating rate.

So, individuals should research properly and compare floating rate vs fixed rate to understand the better interest option for a loan against property.

Down payment made

High-value purchases like vehicles or property often require individuals to make a down payment. When planning to make such a purchase with the loan amount, individuals should opt to go for a higher down payment. It helps improve one’s creditworthiness and allows him/her to negotiate for competitive loan against property interest rates. 

It also affects the LTV or loan to value ratio provided by lender, and allows them to offer a higher percentage of the property value as loan. LTV suggests the percentage of the property’s market value, which a lender is ready to provide as an advance.

CIBIL score

The credit rating of an individual weighs significantly on the lender’s decision regarding the property loan interest rates. A credit or CIBIL score reflects borrowers’ repayment habits, as well as credit discipline. 

A poor score or history means an unreliable financial behaviour, and thus leads financiers to levy higher interest rates. On the other hand, a strong credit profile with a high score reduces the risk of lending, and hence allows borrowers to negotiate for better rates.

Individuals should thus adopt the necessary steps that can help improve their credit score. Here are a few.

• Individuals should prioritise timely repayment of debts as skipping or delaying any such payment can hurt their credit profile.
• They should also avoid multiple loan applications at one time. Every such application invites a hard inquiry on their credit history, which is not considered as favourable credit behaviour by lenders.
• Also, individuals should try to maintain an extended loan repayment history with responsible credit habits like timely repayments as it helps improve the score.
• Property location

The location of a property to be mortgaged also plays a crucial role in deciding one’s property loan interest rates. For example, if good amenities and transport facilities surround the locality where it is situated, the property holds promising resale value, thus reducing lender’s risk and attracting competitive rates. 

Contrarily, a neighbourhood with limited amenities may find a lower market value, thus standing low chances of attractive rates.

Employment profile

From financers’ perspective, stable and regular earnings represent promising credit capacity. Therefore, lenders can offer affordable loan against property interest rates to applicants with regular earnings like salaried professionals or non-salaried individuals with high and stable income. Government or PSU employees or those working in reputed private companies and MNCs also stand a better chance of securing competitive rates.

While opting for a loan against property, applicants should look for lenders who provide flexible tenor options of up to 20 years as well for convenient repayment, among other attractive features.

Such lending institutions also come up with pre-approved offers that can reduce the hassles of loan processing. These offers are available on several financial products, like home loans and loans against property. Applicants can view their pre-approved offer by submitting their name and mobile number.

As for the interest rate and loan affordability, individuals should manage their finances wisely as its underlying factors can affect the interest rate for a loan against property. Moreover, strict credit discipline and stable credit profile also increases one’s chances of availing loans and advances in the future.

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Loan apps have become essential to the lifestyle we live in now. While earlier before buying something expensive such as a house, we would toil and save our money, failing most of the time as something or the other came up. Now we can buy whatever we want in an instant and pay the amount in smaller chunks. It has significantly improved our purchasing power, and we like that.

There are two ways to get a loan for your house – Get a housing loan – securing it is tough. Get additional help from home loan apps. Personal loan apps are best when it comes to adding a buffer to your housing loan.

There is no limit of options while looking for an online loan app. In this post, we shed light on features that make a good loan app and how best to identify them. 

Different loan apps offer unique services. Some are not as useful as others. 

You should look out at these features – 

1. Look out for an app that provides Personal loans. Personal loans are a great help in navigating tight financial situations. They improve your credit score and offer you an easy way to divide huge expenses into smaller chunks. A desirable feature from loan apps is flexible repayment. You want an app that gives you the lowest interest rate and the longest tenure, so loans don’t become a burden on your life. Drowning under the weight of the credit and living life to chase your EMIs is no way to live. Take loans responsibly and pay them in time to gain maximum benefit.
   
2. Look out for an app that provides you an online marketplace with great offers and discounts on maximum items. Competition is tight. Each app is trying to reach a larger audience and win customers by providing maximum offers. Some apps are winning, such as Bajaj FinServ that offers a variety of handpicked services, all under a single roof. It is beneficial for us. We get discounts and offers that weren’t just possible before this.
   
3. Some of the best loan apps are also well equipped with digital wallet services. For example, Bajaj FinServ is powered with MobiKwik, which offers a range of spectacular wallet services. You can send out money to your friends, pay online bills, do mobile recharges, transfer money to your bank account, and make other online payments.
   
4. Another great feature that only the best apps are providing is digital expense manager. We all know we are treading a slippery slope when it comes to money management. Keeping a tab on your expense is highly beneficial. You get peace of mind as you don’t end up with an empty wallet at month’s end and also protect you against late payments, fines, and unnecessary interests.
   
5. Look for 24/7 customer support, the latest feature in online loan apps in an AI-powered digital assistant. More and more apps are coming with this – an AI bot service that’s intelligent enough to understand your requirements and suggest you the best plans and services. Choose an app that provides offline customer service along with AI.
   
6. While all of the features are good. They are no use if you can’t trust the Brand. It’s money after all! Always look for online loan apps that are supported and backed by trusted and known brands. They offer you the best reliability and trustworthiness. You can finally be at peace with your money related troubles. Finding an app that provides you financial security is a huge relief in our already strained lives. Just be a little vigilant and stay away from scammers as you don’t want to waste your hard-earned money, or worse, risk your sensitive information. 

With revered and trusted brands, you can stop being overly precautious and focus more on the subject at hand – Making your home!

The post An App to Ease Your Home Loan Process appeared first on Today News Spot.

The personal loan is amongst the most popular borrowing choices for people seeking quick access to the funds for a range of personal reasons, including wedding, education, medical treatment, purchasing expensive things, etc. The reason is easy availability and no collateral needed for availing loan for personal uses

Along with personal loan documents, the collateral-free or unsecured nature of the loan makes it highly crucial for lending institutions to ensure the applicant’s creditworthiness. 

What Is Credit Score?

A credit score given is a three-digit number ranging from 300 to 900, which is ascertained based on your credit history. A higher CIBIL score or the score closer to 900 (above 750) is usually considered to be an impressive score, whereas the score around 300 is a poor credit score.

A high CIBIL score indicates increased creditworthiness through good repayment and past credit behavior track record. So, it indicates a decreased default risk of the lending institution. Although credit score does not determine a person’s ability to obtain a personal loan, it is amongst the factors that lending institutions consider when they evaluate loan applications. 

A person with a poor credit score or no credit history is considered as dubious or a high-risk borrower by lenders and finds it difficult to secure a personal loan for a low CIBIL score. Your credit score is affected directly by – 

• Credit mix or the ratio of secured and unsecured loans.
• Credit utilization ratio or the ratio between your assigned credit limit and current outstanding debt. 
• Age of credit history 
• Repayment history 

Benefits Of Having An Ideal Credit Score

1. Better Living Standard
   If a person has maintained an attractive CIBIL, they can take up loans for buying a new vehicle or house or starting a new business. With a new home in a posh area and a good car, the applicant’s living standard will automatically rise. The person can afford luxury items because of easy and cheap personal loans.

2. Signifies Your Creditworthiness
   While seeking a personal loan, lenders consider your CIBIL score as much as your personal loan documents. The credit score acts as a stamp of your creditworthiness. The lender can know whether an applicant would repay their loan on time or not just by considering their CIBIL score. People who have low CIBIL scores are usually offered loans with a lot of terms and conditions. 

3. Interest Rate
   Lenders happily offer personal loans to applicants with impressive CIBIL scores for a competitive rate of interest. So, if your credit score is high, you can secure the loan easily at any lending institution, which means you can negotiate for a lower interest rate. Some lending institutions also waive off pre-payment and processing charges. But in the case of a low CIBIL, the lender determines the rate of interest, which is considerably high.  

4. Fast Loan Approval
   If you are thinking of starting up, you will need a fair amount of cash. You will have to acquire a small loan for the same, and you cannot obtain an affordable personal loan for low CIBIL score. Although having a good CIBIL score is not enough to guarantee loan approval, it increases the chances of being successful at acquiring personal loans. Additionally, applicants with a high credit score will acquire larger loan amounts at lower interest rates. Their loans also get approved within significantly less time. 

Conclusion 

The benefits mentioned above of possessing a winning CIBIL score signify why maintaining a score above 750 is essential. CIBIL score is a direct indicator of your creditworthiness and affects how risky lenders consider you. If your score is low, they would be hesitant in offering you a large loan, and even if they do, the interest rate would be high. 

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A fixed deposit is one of the most popular and safest investment options for investors across all age groups. It has stood the test of time as an investment avenue. The assurance of guaranteed returns and the safety of the investment make it a preferred investment option for all types of investors. 

Even investors who have an inclination towards market-linked instruments, tend to diversify their portfolio by allocating some portion of their portfolio to fixed deposit investments. Fixed deposits not only provide assured returns but also help you in offsetting the risks of market linked investments such as equity, mutual funds, etc in your portfolio. 

Let us take a look at some distinguished benefits of fixed deposit investment:

• Monthly interest on FD

With a non-cumulative FD, you can get monthly interest on fixed deposit. The most important aspect of this benefit of fixed deposit is that you can choose how you want your interest. There are various periodic options available when you invest in fixed deposits. You can choose from monthly, quarterly, half-yearly and yearly interest options. 

• Availability of online tools

Companies such as Bajaj Finance provide you with online tools like the online FD calculator if you don’t know how to calculate fixed deposit interest. It is very convenient these days to know how much interest your fixed deposit will give you at the end of maturity. And you can even invest through the online application process. Once you apply through the online application process one of the representatives from the company will get in touch with you.

• Loan on fixed deposit

You don’t have to worry about withdrawing your investment during an emergency, which is of great concern to most investors while investing in a fixed deposit. The benefit of fixed deposit is that if you invest in fixed deposit you can avail a loan of 75% of FD value. 

• High FD interest rates for senior citizens

Almost all financiers give priority to senior citizens. Higher FD interest rates for senior citizens along with the option of availing periodic interest payouts make FD a preferred investment option for those looking to secure their post-retirement life. 

• Multi deposit facility

Bajaj Finance provides a multi deposit facility which you can choose while filling your FD application form. You can choose to pay for multiple deposits through a single cheque payment. You can choose different payment frequencies for your different FDs. Which means you can withdraw one of the FD, before maturity while keeping all the other deposits safe. 

• Credibility

Company FDs with a good credit rating by agencies such as ICRA and CRISIL ensure that your money is in safe hands and you will get the amount due to you upon maturity. Bajaj Finance FD has a credit rating of FAAA/Stable by CRISIL and MAAA/Stable by ICRA, one of the highest ratings in the industry given to any fixed deposit investment. Thus, you are assured of guaranteed returns even when if the economic condition is very volatile.

As the economy is going through a tough phase in 2020 and the stock markets have been extremely volatile, it is imperative for investors to park some portion of their funds towards fixed income investments such as a fixed deposit. Experts have indicated that there is a strong likelihood of the global economy going into recession. In such a scenario, it will be helpful to have an investment avenue that offers you the benefit of periodic payouts along with high interest earnings. A fixed deposit investment meets all these criteria.

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Are you looking to expand your family? If yes, make sure that you are financially ready. Many people struggle to get by after giving birth to their child. If your family is growing, it should be celebrated, and money should not cause stress. Of course, when a new member comes to your family, money is a subject of discussion.

You have to be more careful about your spending to ensure that you face no interruptions when it comes to taking care of mother and unborn baby. However, this trend is to continue even after the birth of the baby. It is because a part of your money will go to fulfil the demands of your baby.

Having a child will transform your financial life drastically. You must be mentally prepared to see a hike in your expenses after the arrival of your baby. However, it does not allow for an interpretation that you should be financially negative before expanding your family.

The most common financial challenges that you are likely to face are difficulty in handling a monthly budget, staying away from work for a limited time due to your child, failing to achieve your financial goals, and so on. You can avoid all these challenges if you do financial planning effectively.

Have a clear what you have to do

Since you are expanding your family, you would be looking to move to a new house or renovate your current house. Consider all possible options available in front of you. Make sure that you know explicitly what you want and what you have to do.

For instance, if you are planning to move to a new house, find out if you can afford the cost of remortgage. If you are seeking refurbishment of your house, estimate its total cost and check out if your budget has enough wiggle room without disturbing your essential expenses.

Plan first-year expenses for your child

You do not need to think of distant future expenses, but there are a variety of expenses you need to start plan right away. Start setting aside money for things your baby will need in their first year, for instance, car seat, pram, toys, clothes, blankets, and nappies. A right way is to note them down in an excel sheet.

It will help you have a clear idea of how much money you will need immediately when your baby comes into your family. If it is your second baby, you will already have hand-me-down. If it is your first baby, you can reach out to your friends and family who have some toys and hand-me-down that you can borrow for your baby.

Of course, you will have to invest in clothes if this is not an option. You have to set a clothing budget smartly. Some parents buy expensive, branded clothes. Though they will look charming in such clothes, do not forget that your baby will grow out of them so quickly. Buy the right clothes but from a store that offers them on discounts. Shop their clothes online as you will get them at lower prices compared to a retail store.

Settle outstanding debts

As you know, your expenses are going to climb when your baby comes. You should try to settle all your outstanding debts. Before you make a baby budget, make sure that you have settled all your dues.

However, it does not discourage you from borrowing money in case of an emergency. For instance, if you need money to fill the gap in working capital, you can take out kredite ohne schufa und einkommensnachweis. Settlement of outstanding dues is often recommended because you can easily plan expenses for your child.

Do not neglect emergency cushion

No matter how much you are spending on your household expenses, never compromise with your emergency cushion. You can come up with unforeseen expenses any time and that time emergency cushion will be your saviour.

For instance, if you need to leave your job to care for your baby, you will need some savings to cover all essential expenses.  However, you can take out kredit für selbstständige ohne einkommensnachweis if you have a part-time job. But it does not mean that you will not build an emergency cushion.

If you are growing your family, you will have to revamp your budget. Make sure that you have a robust spending plan to cover all your expenses.

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QuickBooks Accountant is a program created by Intuit to help proficient bookkeepers with invoicing, route and work process. Not at all like other Intuit items, for example, QuickBooks Pro, QuickBooks Accountant is perfect for the expert who works with various customers. 

QuickBooks Customer Service, with only one login, you can get to rehearse the board, customer the executives, selective costs for customers and more.QuickBooks Online Accountant is a free stage for bookkeepers where you can oversee and develop your training across the board.

Your success starts

Your optimal practice starts with the essentials—from adding your first customer to finding your most loved apparatuses. We’ll stroll through how to get ready for action, and review the development and productivity that QuickBooks Online Accountant puts readily available.

Sign up for QuickBooks

Online Accountant

Sign up for free to grow and manage your practice remotely from one login. QuickBooks Online Accountant is a portal to client leads, training, tools, and support. We provide a range of materials to ease your transition, whether you’re new to the cloud or to QuickBooks.

Add your first client

You can add and track all your clients in QuickBooks Online Accountant—even ones that don’t use QuickBooks. There is no need to waste time on login in individual accounts. We can help you figure out which clients form an action plan for migrating them smoothly.

Connect to QuickBooks Online

Similarly, as QuickBooks Online Accountant is worked for masters, QuickBooks Online is intended for independent companies. Our self-guided training, a significant number of which live in your dashboard, tell you the best way to access and work in your customers’ books. You’ll likewise discover assets to help train your customers. When you’re prepared, coordinate different administrations, for example, finance, and ProConnect Tax Online, in addition to applications that let you redo customers’ books to their necessities. 

Fine-tune your workflow

You’ve made your record, included customers, and associated applications. Presently comes the fun part: investigating every one of the highlights and viewing your outstanding burden wane. Unload your Accountant Toolbox. Dive into dashboard tabs. Careful discipline brings about promising results… and for this situation, your ideal practice.

Manage the firm’s workflow

Keeping the work on a track from start to finish

1. Recurring activities and updates: Make rehash ventures for repeating work and set updates for time touchy undertakings. 
2. Track undertaking status initially: See precisely what’s expected, when, and what’s coming straight away. Check advance continuously and you can channel by customer or appointee. 

3. Assign assignments effectively: Make in general activities, split them into littler undertakings and appoint them to yourself or colleagues. 

4. Improve permeability:  Channel your view by customer or appointee to all the more likely dole out undertakings and activities. Alter venture subtleties and see customer warnings from the dashboard.

  One Area for each customer 

1. Shared archives, notes, and customer data are in every case close within reach in a merged customer list. 
2. Post notices from your cell phone that your customers can find in their 3QuickBooks Online record and in their email inbox. 
3. Send messages and demands to customers and read answers all without leaving your work process. 
4. A secret key ensured and completely scrambled condition keeps QuickBooks Support Number records secure and sorted out.

With QuickBooks Online Accountant 

• Accommodate exchanges in a single tick 
• Be better arranged for expense time
• Bid a fond farewell to the crate of slips
• Know where their business stands

Help you have to develop your training 

• Bolster when you need it 
• Adaptable preparing choices
• Develop your firm

The post QuickBooks Online Accountant-An Integrated Place To Manage All Things appeared first on Today News Spot.

Enterprise Risk Management (ERM) is the process of planning, organizing and leading the organizational activities in order to achieve positive responses and minimize risk and negative impacts related to organizational capital and earnings.

ERM includes the assessment of financial, strategic and operational risks in order to obtain organizational business factors associated with other accidental losses.

In recent years, external factors such as competitive advancements, technologies, and other changes have fueled the interest level of the organizations. internal factors like corporate culture and organizational nature also impact the ERM factors of the organization.

Organisational factors can directly affect ERM essentials easily. This can help organizations by shifting their corporate culture from one that could focus on one target on making business compliance decisions and obligations.

Types of Enterprise Risk Management

There are different types of Enterprise risks that any business might face. Here are a few examples:
●Financial – A company has to account for things like non-payment (bad debt) or a rise in the interest rates on business.
●Compliance – Businesses have to handle their government risk, health, safety and privacy regulations. For instance, physicians have to comply with HIPAA (Health Insurance Portability & Accountability Act) regulations to protect patients’ privacy.
●Operational – Businesses also have to handle operational issues with the help of ERM such as power loss, theft, and breakdown
●Strategic – Enterprises struggle with many strategic risks, for example they need to consider what happens when they introduce a new product that is an utter failure or any new competitor launches new products or services in the market or the product’s price would be undercut by 20%.

Enterprise Risk Assessment & Mitigation

Enterprise risk assessment is one of the major things that needs proper planning. What do we do if something happens and is it worth worrying about? Given the fact that there are multiple categories of risks to plan for, we have to prefer and prioritize our efforts and put in place routine procedures and policies to minimize exposure.

It is necessary to look into the process and make it correct by placing routine procedures and policies to minimize the exposures. ERM also helps to look at our processes, people and technology by determining your risk appetite, which controls the level of risk by accepting new strategies to control uncertainty.

Risk Mitigation Strategies to increase the value of ERM

Active risk assessment and mitigation is the process which is begun with the proper assignment and management of enterprise risk factors. It can be done effectively by reporting and analyzing the risk at universe level. Risk mitigation opportunities are proactively recognized during reporting and reviewing different organizational phases of ERM phases.

Many organizations look at enterprise risk management and strategies as a risk identification function. During the active process, there should be several risk mitigation strategies that could be used to prioritize risk, as per requirement:

Acceptance: Auditors and managers should accept and deliberate the decisions to understand the risk and not make any further plan for incomplete execution. It will help to reduce and control the uncertain enterprise risk.

Monitoring: Reviewing the risk factors is another important change and characteristics that may influence the impact of the risk.

Avoidance: Changing the risk responses and processes to eliminate uncertain elements.

Control: Develop further risk mitigation plans and in order to minimize the risk and uncertainty.

Considerations to increase the Value of ERMs

The change in the perception of ERM functions and value can be viewed as an organizational risk expert. By considering the following steps, the values of ERM can be increased:

1.Collaborate with affected risk owners

Risk owners live their business risk on day-to-day business operations. They know how to mitigate risks for enterprises to control uncertain activities by maintaining interest in working with all efforts.

2.Define the plan, resources, timing and deliverables

Sometimes, it is as simple as defining where you are expecting to go with factors that affect your business and ERM strategies. So it is necessary to define a plan, business strategies allocate resources properly in order to exhibit values to the organization.

3.Risk Mitigation Approach understanding

Understanding the elimination of risks is also important. Focusing on the efforts that will take minimal time and resources to remediate the risk. But here it is necessary to demonstrate the risk, in some illustration, we can say that, it may be prudent but accepting risk in its current state. Accepting the risk to manage ERM values should make strategic sense.

4.Circle Back

All your efforts related to focusing on risk mitigation have profoundly impacted the ongoing assessment and measurement of your business risk environment. Be sure, you directly connect and link your efforts with your risk management and mitigation strategies with the ongoing risk assessment. You can share your significant outputs and results of the prioritization process with stakeholders to experience the beneficial impacts on the organizational profiles and priorities.

By taking that initial step to focusing on the risk assessment and mitigation factors of enterprises, you have to keep in your mind these above mentioned points, it will help you out to transform the risk operations and functions to operate Enterprise Risk Management factors and enhance its value to your organization.

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APEDA stand for Agricultural & Processed Food Products Export Development Authority. In India it is managed by the central government. The main object of APEDA promoting the export of the scheduled products and thus the concerned authority of APEDA needs to implement the rules and guidelines framed by the central government.

APEDA has its presence in almost all agriculture rich states of India and has been providing service from his Head office (HO) which is located in New Delhi. So how do you register an APEDA? Take care to choose a distinctive mark, file a thorough application.

What are the functions of APEDA?

• Development of agriculture related Industries.
• Registration: Export registration on payment of required fees.
• Carrying out inspection.
• Timely inspection of meat and related products in slaughter houses.
• Setting quality standards of the product for exports.
• Training & development of industrial personnel.
• To improve packaging and marketing of scheduled products.

How to Register for APEDA in India?

• Go to APEDA registration website (https://apeda.gov.in/apedawebsite/).
• Tap on “Register as member” icon.
• Fill the basic details IE Code, name of the company, Email ID & contact no.
• An OTP will be send to your Email ID & registered number; the exporter need to first verify both of them separately.
• Once verification is done, the exporter will be required to fill the application form and upload the necessary documents.
• Application number is generated once the payment is made.
• Exporter can view the status of the application by clicking “Track Application” icon.

As seen in the above, the APEDA registration process does not require much effort, but one which is nonetheless very important for brand name registration. You can get in touch with any Chartered Accountants near Jalandhar, and will have a discussion.

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Market for applications is maturing. Industries across the board are benefiting from it and investment banking is not behind.

Industry leaders are adopting new tech at both front and back offices.

A few of the key technologies that are especially making a mark in the investment banking industry include:

• Artificial Intelligence,

• Blockchain,

• Quantum Computing, and

• Cloud Computing.

Many are shifting their legacy systems to cloud and harnessing the agility to bring flexibility to their product and services solutions for the clients.
One of the marvels of these times that especially stands out are conversational agents aka chatbots. These agents are bringing in superior customer experience and operational efficiency in investment banking.

Bot Assistance: What are Conversational Agents?

Conversational agents are computer programmed call center agents, also known as chatbots. They are capable of conducting textual and voice conversation with the consumers.

Basic-level, rule based chatbots handle simple routine queries efficiently, including FAQs. However, they lack self-learning features and adaptive abilities.

Intelligent bots, on the other hand, are powered by cognitive technologies and are capable of handling human-like conversation with accuracy. Due to their continuous learning and adaptive features, they can bring personalized experience.

Voice based chatbots are a combination of voice-recognition and cognition technologies. They can be invoked through smartphones or speakers like Echo Dot.

The chatbots powered by both Natural Language Processing and Machine Learning can process both voice and text inputs, understand the user intent and extract information relevant to the user.

A few leading conversational agents include:

• IBM Watson

• Google Dialogflow

• Microsoft Bot Framework

• ChatterOn.io

• OneReach.ai

• Kore.ai

• IPsoft

• Amazon Lex

Chatbots Use Cases in Investment Banking

Capital markets are embracing the use of chatbots, particularly conversational AI. Investment bankers are finding use for the technology to augment customer and internal relations and cost of ownership through automation.

Banking professionals are adopting chatbots to offer self-service capabilities to clients and reduce client dependency on CSGs (Client Service Groups).

Let’s parse two of the most important dimensions of investment banking and their use for chatbots.

Taking Stock: Across Two Divisions – Research and Sales & Trading

Research Services

Within research and development domains of investment banking, using chatbots:

• Enable clients to use research services 24X7. Clients can talk to the bot at any time of the day and night, and answer client queries ranging from analyst reports, and research coverage to target price and so on.

• Can Extract information – even from unstructured reports.

• Understand research related nuances, and provide accurate answers to the client.

Example: J.P. Morgan.

Morgan Stanley has built an AI powered conversational agent for users on the internal side to answer research related queries and plans. Clients are offered this service through Amazon cloud voice service.

Sales & Trading

Despite heavy electronic trading that banking professionals are becoming conversant with, a significant amount of high-touch client services are still prominent. They include pre-trade queries such as quote management, and during the trading process comprising execution of bond trade. Chatbots can automate these points of contact with efficiency.

Example: RBC and Alliance Bernstein.

They use chatbots, which message among each other to execute trades. The platform for messaging is called Symphony messaging.

Wrapping Up

Is investment banking industry digitalizing? A resounding yes.

It is even going a step further to adopt AI and Machine Learning in their products and services. It is predicted that the divisions within investment banking may also witness an overhaul.

Firms that leverage fintech will stay ahead of the line and eliminate competition. Going digital is the differentiation of this day and age. Among the slew of new innovations, conversational agents are increasingly finding acceptance within investment banking best practices as it continues to prove its utility across the world. Are you ready to jump on board?

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COVID-19 has a bad impact on private equity. The number of buyouts, exits, fund-raising and returns have declined sharply. 

 The private equity industry is experiencing a sharp decline in global buyout and exit transactions. Signposts globally suggest the same will happen in fund-raising and as the year progresses. The industry is sitting on a record level of dry powder, which is forcing firms to find and close deals. The markets are riled up by volatility and cash-strapped companies are struggling to predict demand for the coming year. Here’s what the future looks like in each market category. 

 Investments

Between January to April 2020, global buyouts transaction fell 60% and is now dwelling at near a third of the five-year monthly average. General partners are focused on stabilizing their portfolio companies, sellers are skeptical about selling their companies amid uncertainty and lenders are busy tending to exist loans amid. Lenders are struggling to find out how to assess risk amid increasingly uncertain macroeconomic activity. 

 However, unlike the last global recession, banks aren’t frozen, but leveraged lending has slumped 80% this year.  

 The private equity industry has significantly more dry powder to do deals. The private equity funds had a record of $2.6 trillion in April. While funds are looking to put the money to workplaces like General Partners with the mandate, they are under debt. In early March, more than 90% of leveraged loans were trading above 90. As pandemic took hold, more than 90% of them went below 90as a percentage of par by late March. In the meantime, the market recovered to an extent, but 40% of issues were still trading below 90%. 

 Loan-to-own, distressed investments with no control (trade-in/trade out), direct lending, etc. have become go-to strategies for debt specialists. Equity funds have come up with creative structure equity deals that range from preferred stock and PIPE transactions. PIPEs are customized investment strategies in newly issued tranches of equity that can help public companies raise cash quickly when banks are not ready to lend. 

 PE firms, hedge funds, and other firms have invested more than $8.6 billion in US PIPE investments. The $400 million partner’s investment in publicly traded Outfront Media Inc. by Providence Equity Partners and Ares Management Corp is a prime example in the category of investment. 

Exits

Since January exit transactions have fallen to 72%. Equity funds are waiting to get things before selling anything that can be avoided. The majority of GPs, on the other hand, don’t want to exit portfolio companies in the next 12 months, according to a survey by Investec. 

 The majority of PE portfolio companies had been just bought and GPs are coming off many years of consistent strong deal-making. Even now when GPs are sitting on assets that they are expected to sell in a normal market, they won’t sell if the price isn’t right. Increasing the pool of assets will likely increase activity once the rebound takes shape. 

 Returns

The majority of both LPs and GPs are expected to see write-downs of at least 15% in funds’ first-quarter valuations, according to Campbell Lutyens Survey. 

 For funds, it’s difficult to value companies in the pandemic, fledgling cash flow, volatile market, and lack of comparable transactions. 

 The pattern created by the pandemic is clear. Private equity deals made before the pandemic are better than deals made after the pandemic, according to a Bain & Company report. To maintain strong returns long term, stay on offense.

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Managing your own business is a difficult task, and you have to consider various important things to sustain your business in the market. The business owners have to deal with various financial obligations and legal problems. If you want to keep your business growing, then you should include some modern tools and software like online invoices and payment automation.

There are various benefits of online invoicing, and some of them are discussed below:

1. Avoid Delays & Errors

If you send invoices to your customers manually, then it will take a lot of time, and there will be a high probability of errors. Moreover, you may forget to send these invoices to the customers at the right time. Small mistakes in sending invoices to the customers will lead to misunderstandings, and it will break the trust of customers on your business. But, when you opt for software enhanced invoicing, and then you will not face these kinds of problems.  

In addition to this, if invoicing takes place in ordinary ways, then there is a high probability of errors and miscalculating payments. Even adding or removing one digit can lead to significant changes in the calculations but when you choose automated accounts receivable software, then you will not prevent your business from mishaps but also save your precious time.

2. Easily Accessible Anywhere

Nowadays, business life is very fast, and you have to be quick as well. It is very important to access information related to payment anywhere and at any time. The latest technology invoice automation software provides the payment-related information on your smartphone.

You can easily access any invoice of any customer and check what went wrong. It will save you from the hassle and also enhance the speed of operations. The biggest advantages of online invoices tools are that you can easily send, receive, edit any invoice, and at any time.  

3. Maintain Professionalism

When you opt for an online invoicing system, then it leaves a good impression on your customers. The online invoicing indicates that your business is professional and follows good rules and regulations. Though your customers create unique invoicing templates, it can compete with the customized invoices generated by software tools. Moreover, when you integrate email marketing with online invoicing, then it leaves a good impact on your business.  

4. Optimum Working System

When your business start growing, then you will need to hire more employees to handle the growing number of invoices. You have to increase the number of employees in the accounting and finance department. But, when the number of employees who perform the same task increases, then there is a high probability of errors and mistakes. It is very important to keep your system well organized.

Otherwise, you will not be able to meet deadlines and deliver things at the right time. But, you can make your system well-organized by opting online invoice generation system. The online invoicing system will remove the hiccups in the workflow and maintain everything properly. The online invoicing will not just create a better workflow, but also help in adopting new changes in the invoicing system.

5. Real-Time Tracking Financial System

The online invoicing system will help you to track your business expenses and keep a check on account receivables. When you start using an invoice solution, you’ll be able to track all your business expenses and receivables. When you use online invoicing tools, then you make some serious financial plans and precisely keep an eye on your account.

For example, if you want to revamp your workplace and you do not know whether you have sufficient balance in the account. You can check your invoicing tool and identify when you are expecting payments from your customers. If you are expecting payments soon, then you can make the right decision.

6. Appropriate Notification of Clients

Your accountant may forget to send the notifications to your clients that the payment date is due. But, delayed in notification may lead to delay in receiving payments. Thus, these things can lead to a bad impact on your business. If you want to prevent your employees from stress, then you can restore good communication with your client by opting automatic online invoicing system.

The automatic invoice generation and sending system by latest technology accounting software will help you to send the notification and reminders at the right time. If you remind the business people gently, then they will be happy to make their payment at the right time. If any of your customers become debtor, then you should use gentle ways to get your payments. This is a basic rule of any business, and your polite behavior will help to take your business to the next level.

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Whether you just started a new business or are running an established business, most probably you will spend most of your time thinking about how to make it succeed.

So, how do you know when it is time to hire an accountant or outsource your accounting and bookkeeping task to a professional accountant?

A suitable CA in Udaipur will have the experience to manage and advice upon a wide range of accountancy activities ranging from operational accounting and auditing through to liaising with potential investors.

Professional chartered accountants will adopt a proactive stance in advising you in the various areas:

• Taxation Services.
• Communicate with client and provide financial information and advice.
• Financial Accounting.
• Financial Reporting.
• Applied Finance Management Accounting.
• Negotiate terms with suppliers.

Here are a few of the benefits you and your business will reap:

• Help you write your business plan: It’s a good idea to have a direction and goals for your business rather than playing it all by ear.
• Save your time: As a business owner, your time is your money, business accounting can be very complicated and many forms to complete and deadlines to meet. Having a professional to manage the tax process to keep track of to focus your time and energy on running your business.
• Advise you on your business’s entity structure: An accountant can help you with businesses start out as sole proprietorships, your particular business type or personal financial situation might mean another entity structure makes more sense.
• Help you get all the appropriate licenses:  An accountant can help you untangle all of the red tape and make sure you start your business on the right foot.

If you are outsourcing your accounting services to an accountant, it’s up to you how many of your financial tasks to hand over. Remember a good accountant can help with your business to growth. Professional accountants handle all of your accounting, auditing, bookkeeping, and tax requirements. So you need to hire a CA in Chennai someone you can trust and who has the necessary experience.

The post How can chartered accountants in India help you to run your business? appeared first on Today News Spot.

There is little doubt about the fact that facebook over the years have emerged as a giant in the business sector. Most of us have had the desire of getting associated with Facebook in some way. Now it is not possible for everyone to get a job at facebook but you can buy stocks of the company.

Many of us have always imagined buying shares of a company that have skyrocketed in a no time. Facebook is definitely one such corporation.When you buy stocks in such a company you will in a couple of years time have ample money to chill and travel for the rest of your life. You must still remember that investing is a bit of a complicated affair in reality. You will have to keep a lot of things in mind before you can finally make profit.

Looking at Facebook, it is a US tech company that has traded on the NASDAQ under the FB ticker. The company is valued at a price of $482.6 billion and is the most famous and accessed social media platform in the world. In order to buy Facebook stocks the first and the foremost thing you require is to find a broker who will give you the access to NASDAQ since it is the primary exchange it is traded on. The original market capital of Facebook was estimated to be around $482.6 billion as of March 2019.

Steps to buy Facebook shares

When you are sure that you will buy stocks of Facebook then you will have to follow a formal procedure. Here are the steps to buy the shares of Facebook:

• Find a suitable online broker- The primary step which will get you started is the availability of an online broker. A good online broker has access to a number of exchanges. When you find that a particular broker is discouraging you from buying Facebook shares then you need to understand that he has no access to the NASDAQ. You will come across a number of brokers but remember not all of them will allow you to open an account with them. There are some who are extremely costly while some also offer their services for free. Therefore you must consider factors like trading platform, broker’s fees, find accessible markets for trading, safety as well as the simplicity of opening an account.

• Open a brokerage account- You will have to open an account after you have found out about an online broker.  Opening an online brokerage account is similar to opening a regular bank account. The entire procedure is an online process. Some brokers have made things so simple that you will have no difficulty in opening and it is more like opening a Gmail account. While for some the process is complicated and it usually takes days to open one. In this brokerage account you will store money.

• Deposit money onto your account- In order to buy the stocks of Facebook you will have to pay cash. This cash has to be sent to your broker first which is a very simple and quick process. Bank transfer is the most common way of depositing your money.

• Buy the shares of Facebook- The penultimate process, when you are done with the initials it is time for you to buy the Facebook shares. Just log into your online brokerage account and search for the Facebook shares. Once it has appeared just insert the number of shares that you wish to buy and then click the buy button.

Following this process you will get to find your answer to the question how to buy Facebook shares.

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When purchasing a residential property, availing a housing loan is one of the biggest financial commitments for most aspiring homeowners. As repayment tenor usually stretches to around 20 years, its affordability largely depends on the housing loan interest rate. A nominal difference in the interest rates can increase or decrease the overall cost of a loan significantly.

So, this 2020, if you are planning for a home loan soon, consider certain factors beforehand which may affect the current housing loan interest rate. Note that while some are beyond control, and awareness of the other factors can help you get the best deal with more attractive rates.

Factors affecting housing loan interest rates

• Property value and location

Location is an essential factor in determining the property value and rate of interest for home loans. Well-equipped properties located in areas of grocery stores, railway stations, hospitals, bus stops, etc. attract higher resale value and vice versa. Housing Finance Companies or HFCs consider these factors in determining interest rates accordingly.

While houses with poor facilities usually attract higher rates, those with better amenities at a prominent location accrue lower rates.

• Credit score

Although a secured loan, credit score plays an important part in determining the rate of interest. The credit score reflects a borrower’s creditworthiness and influences the lender’s trust in his/her repayment capability. Being the most-accepted benchmark, a CIBIL score above 750 is considered as excellent.

You should follow a financial discipline throughout to maintain a healthy CIBIL score for a home loan. While a lower score reduces your chances of approval, a higher CIBIL rating gives an upper hand. A healthy score gives you the grounds to negotiate for the most competitive housing loan rates with your lender.

• Type of interest rate

Most lenders offer fixed and floating interest rates. It is vital for borrowers to have a proper idea on either of these rates –

• With fixed rates, the monthly instalments remain fixed and equal throughout the repayment tenor. It doesn’t get influenced by financial fluctuations.
• With floating rates, the monthly instalments change according to market conditions and the relevant benchmark rates. As they are reliant on lenders’ base rates, the interest gets modified from time to time. While floating rates are comparatively cheaper, it can go higher following market trends, thus, increasing your cost of the loan.

Opt to enjoy the benefits of calculating EMIs beforehand. This can help you choose an appropriate type of home loan interest rate according to your preference and repayment capability.

• Down payment 

Another factor affecting the rate of interest is down payment. When you make a higher down payment, it brings down the LTV or loan-to-value, thus, reducing the risk for the lender. This enables you to enjoy more attractive rates on your housing loan. Alternatively, financial institutions levy higher rates when the down payment is lower.

Try to pay 25% or more as a down payment for the home loan to avail a reasonable rate of interest.

• Eligibility criteria

Every applicant needs to meet certain home loan eligibility criteria which qualify him/her for the funds. These usually encompass age, minimum salary per month, nationality, work experience, etc. Individuals who fulfil all such parameters accordingly are entitled to enjoy more attractive rates on their housing loans. On the other hand, those who do not meet the requirements adequately may have to pay higher rates.

You can also check out some tips to decrease your home loan rates. Approach the best Housing Finance Companies in India for the best housing loan interest rate and attractive features.

HFCs such as Bajaj Housing Finance Limited bring customised pre-approved offers to make the application procedure simplified and less time-consuming. Check your pre-approved offers by submitting your name and contact details only.

Aiming towards affordable housing for all by 2020, the Indian government has introduced several subsidy benefits on home loans. It is, therefore, the right time to invest in real estate and fulfil your homeownership dream effectively. Consider the aforementioned factors and enjoy lower housing loan interest rate from the most reliable lender in India.

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Accountants can help you during every stage of your personal and professional development. An accountant can provide some crucial insight into your current financial situation and make sure you are on track and alert you if there are any problems. So, choosing CA in Patna is a very important decision to make for a small business. If chosen correctly you could save time and will help your business grow. A bad one could cost you money and you could miss out on things you should know.

Here are some top tips on searching for the right accountant for your business:

• Look for an accountant that demonstrates the skills and knowledge of supporting a small business
• Take your time when researching for the right accountant. Perhaps speak with 3 or more accountants to find the best one for your business
• Look for an accountant with relevant expertise. For example if your company uses cloud based software you’ll probably want someone who is confident with using cloud computing.
• Ask friends or family who own small businesses if they would recommend their accountant. Keep in mind that if you have different type businesses their accountant might not suit your company.
• Who is willing to use the same software as you. It will waste less time and prevent more errors in the long run.
• Find an accountant who is familiar with your industry. A CA who has experience working with other small businesses in fields similar to your own can usually do a better job of providing you with knowledgeable advice.
• Ask the accountant for references before agreeing to work with them.
• Have a trusted accountant on hand if you are thinking over to activities like selling a company or purchasing a new business, as its require the proper advice and guidance.

When you are thinking over to hire a CA in Agra for your business, there are many things you have to consider, such as the experience of accountant, training, and reputation. If you want to find a really great accountant, try talking to other small business owners that you know.

The post How to Find a Small Business Chartered Accountant appeared first on Today News Spot.

A lot of people these days go through difficult financial situations. To manage a situation like these, they usually end up taking various loans. However, they forget that these loans also need to be paid off at the end.

If you are burdened with debt and are looking for ways to get rid of it, then here is an article just for you. It will take you through a method of getting rid of your current debt with the help of a debt consolidation loan.

What is a debt consolidation loan?

Debt consolidation loan or personal loan is a type of financing service which can be borrowed to get rid of your current debt. Imagine you have a debt of Rs.10 lakh and you are paying heavy interest on the same. 

With the help of a debt consolidation loan, you will be able to borrow the same amount with a lower interest rate. It will allow you to repay your current debt and improve your Credit or CIBIL score. 

However, one still needs to be careful as it is still a loan. Besides, it will also start a new debt account, which will need to be repaid on time. Hence, you should be careful while opting for a debt consolidation loan. 

Benefits of borrowing a debt consolidation loan 

1. You save on interest

There are fair chances that you are paying hefty interest on your current debt account. This adds to your overall financial burden which makes repaying the loan even more difficult. However, with a debt consolidation loan, you have an option to shop for a lower interest rate. In other words, you can easily find a lower personal loan interest rate, which will save you from these hefty charges.

2. Your EMIs reduce

When the interest percentage is high on your debt account, then the monthly EMI is also substantially large. Therefore, you might end up paying more than half of your income as EMIs. However, when you calculate personal loan EMI then you consider a low-interest debt consolidation loan, so that you can save on this as well. Overall, it will allow you to enjoy personal loan EMI which is more feasible.

3. Less financial burden

Since two of the most important things related to a debt account are lowered, the financial burden automatically reduces. It will give you peace of mind and will allow you to enjoy your life without having to worry about repaying your debt continuously. Besides, it might even give you enough time to think about generating an additional investment and income source.

4. Easier to pay off debt

The final benefit of using a debt consolidation loan is that it is easier to pay back. There is a lot of flexibility when it comes to personal loan eligibility as well as repayment methods. Hence, borrowers can conveniently choose a repayment strategy that works for them when it comes to a debt consolidation loan.

Bajaj Finserv provides multiple financing services and pre-approved online deals for them as well. Here you can borrow finance for services like personal loans, business loans, home loans, EMI finance and more. With the help of these pre-approved deals, you can reduce the loan processing time and make it completely hassle-free.

You can submit your name and mobile number to unlock your pre-approved loan offers today.

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What is a Gold Loan?

A gold loan is a secured loan taken from a lender by a borrower in lieu of pledging their gold articles – jewelry, gold coins, or bars – as collateral. The gold in question must be within a range of 18-24 carats and the loan amount sanctioned is calculated as a certain fraction of the gold – can go up to 80%. The calculation depends on the quality of the gold and its current market value.

How is Gold Loan EMI Calculated?

The Gold Loan EMI is the amount payable each month to the bank or financial institution you have availed your loan from. EMI consists of the principal amount and interest component. The interest component tends to be higher during the initial months and gets reduced with each EMI. Gold Loan EMI calculator help borrowers calculate their monthly EMI at their desired interest rates, for particular tenures. Thus, these calculators are provided by most lenders for their potential clients.

EMI depends on loan interest, interest rate, and loan tenure.

∙ Loan Amount – Higher the gold loan amount applied for, higher is the EMI applicable.
∙ Interest Rate – Higher jewel loan interest rate leads to higher amounts of EMI.
∙ Loan Tenure – High loan tenures lead to lower EMI.
Interest Rates of Gold loans
Interest rates are bound to vary from one lender to the other. You can compare the different interest rates available in the market before choosing the one that best fits your condition and needs.

Interest rates range from 9.24% to 17%. Loan disbursal may also include a nominal processing fee that some lenders charge. Hence, you need to check for variables, such as the rates of interest levied, processing fee, late payment charges, and also pre-payment charges before you decide to go for the lender.

Gold Loan Tenure

These are short-term loans with a flexible tenure period that range anywhere between a minimum of 1 month to 5 years or even more. It depends on the lender as to how long of a loan period he provides for.

Gold Loan Calculator

Gold loan eligibility gets calculated in terms of the loan per gram of gold provided to the borrower. It is the gold loan amount you may get depending on:

1. The value of gold pledged by the borrower

This depends on the current market price and is calculated as the past 30 days average price of 22carat gold.

Some private lenders will calculate the market value according to the per gram market value of gold as it stands on the day of the loan application. Stones, gems, and metals are usually excluded from the calculation method.

2. The purity of the gold pledged

The gold ornaments should range in between 18 to 24 carats

3. LTV (Loan to Value) applied by the banks

LTV is the ratio of a loan to the value of an asset purchased, in this case, the gold that is kept as collateral. As per the Reserve Bank Of India, the loan-to-value ratio of a gold loan cannot exceed 75%

Advantages of Gold Loan on EMI:

∙ The option of EMI saves you from the financial burden of having to repay the entire principal amount at once, at the end of the loan tenure.
∙ The EMI repayment option is aptly suited for long tenure loans, though banks and NBFCs are now offering EMI repayment options on shorter tenure loans as well.
∙ Lower interest rates are available for EMI gold loans as compared to alternative options like Bullet Repayment schemes.
Gold Loan EMI calculators online help you answer all questions and compare interest & EMI rates of all banks before deciding on one. The online calculators have the advantage over manual calculations as they are free from human error.

Indian households have gold articles in their lockers that they can put to good use as and when required. Your immediate and urgent fund requirements can be met by using these gold articles. Various banks and NBFCs offer their customers loans against golds at attractive interest rates. One should have the know-how of the procedure, advantages, disadvantages, etc. before applying for a gold loan.

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An accountant job for businesses to makes sure a company or organization is efficiently operating by accessing their financial records. Roles and responsibilities include analyzing data, finance reports, budgets, tax returns, and maintaining records. Chartered Accountants in Delhi sends financial reports to their clients that include current financial status, and future trends.

Starting from Signing of Balance Sheet to give an opinion on books of account here are some major Businesses that CA can do:

• Accounting
• Corporate Finance
• Reporting Skills
• Data Entry Management
• Attention to Detail
• Deadline-Oriented
• Reporting Research Results
• Confidentiality
• Time Management
• Auditing
• Basic Math
• Accuracy
• Planning and Organizing
• Scheduling and Monitoring
• Communication Skills
• Problem Analysis and Problem-Solving Skills
• Initiative
• Teamwork
• Confidentiality

Chartered Accountants in Hyderabad have a wide role of duties allocated to them as discussed in depth in the breakdown below.

• Statutory Audit: It’s an entity of financial records in accordance with the requirements of a government agency. None other than CA can signed the final audited balance sheet.
• Taxation and Consultancy: Yes, CA looks after taxation matters and also provides consultancy services. Finding loopholes in taxation system and taking benefits is one among many witty jobs.
• Internal Audit and process settings: Many knows about Internal audit process but few of business owners are aware about process settings. CAs also works as formulating, defining and implementation of Standard Operation Procedure (SOP) of the organization.
• Cost and Financial Analysis : Cost analysis is a comparison of costs. It’s done for two different phases. A) With existing project B) for new projects.
• Financial analysis:  It’s all about collecting capital with lesser burden.
• Evaluation Services and Risk consultants: CAs also works as independent evaluation professionals for various financial matters. Like evaluation of net worth of amalgamating companies etc.
• Management Consultants: CAs are experts and well trained to solve complex problems, devise invaluable strategies and improve the financial and operational health of their clients’ organization.

This is comprehensive list of what a Chartered Accountant can do, we can conclude that Chartered accountants in Bangalore therefore play a very major role in any particular company and can be referred to as the backbone of the success of any given business.

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Since the outbreak of pandemic COVID19, so many businesses have suffered. After being a couple of months at home and dipping into savings for regular expenses, alarm bells have started to ring in people’s mind. Now they are wondering how long they will continue to live like this. Savings are shrinking, and cash is not flowing in. It is a terrifying situation.

Whether you have an existing business or you are about to open a small business, the way of doing business will change. The company will become more digital. They will invest in digital platforms for marketing and promotion of their products.

They will use online tools such as Skype to have conversation and meeting with their clients as the lifting of lockdown does not mean that life comes back to the standard track. Everybody will have to follow the protocol of social distancing. Here is how the culture of your business will change post lockdown.

Investment in digital infrastructure

Since you cannot kill the virus, you will have to live with COVID19. Before the outbreak of the pandemic, sales executives, including fundraisers, used to visit door to door. Post lockdown it won’t be easy to continue this trend. People will less likely entertain such visitors due to the fear of COVID19.

Since you cannot grow your business without the promotion of your brand, you should choose digital platforms to connect with your audience. If you are starting a business, you need to have an entire set up for digital communication with your clients.

Customer engagement

One of the significant challenges you will face post lockdown is customer engagement. It is not possible to have an immediate spike in demand for your product. Most of the people would not have been aware of your business operations.

The first thing you need to do is to tell your customers that your business activities are resumed. You will prepare a formal email and send them a notification about your business hours. Try to give this notification on social media platforms and your website.

Financial planning

Finances are the most crucial part of business planning. Not only will you focus on how you will have cash coming in, but you will also have to consider your liabilities. You may have accrued interest on loans. First off, you should pay off your debts. Whether it is a business loan, loans without guarantor or business credit card bills, make sure that you settle all of your dues immediately.

Post lockdown your business will take some time to boost and therefore you will have to make some decisions to have enough money to keep your business running.

You may have to sell stocks, bonds and other investments to get some money and cut down salaries of your employees to boost the financial health of the company. You may also need to lay off your employees and hire freelancers.

Upskill your team

Since old methods of running your business no longer exist after lockdown, you must have a plan to hone the skills of your team. People must be given the training to handle technology. The entire business will go digitally, and hence each employee will have to prepare themselves for the current scenario.

One of the best examples to see to understand is teachers are providing online classes to students. Various institutes are conducting professional training courses online to avoid gathering of people.

Plan a strategy for future

Depending on the nature and type of your business, you will have to plan how you will pursue your business. Some industries are expected to change the way of doing business post lockdown. These businesses include fitness and coaching centres. Fitness centres are looking forward to providing online training to their members.

As the rule of social distancing is to be followed strictly, gym trainers will provide virtual classes. However, it does not mean that in-person workouts will vanish completely. Since fitness centres will provide face-to-face and virtual training, they can decide beforehand how they will implement it in the right way.

Even though your business fits the other industry, you will have to figure out ways how you can render services to your target audience in amid of COVID19. You will have to figure out more and more digital techniques to market your brand and deliver your products to your audience.

There is no denying that you will need to arrange funds as your business strategy will transform. You may not have enough funds to contribute to digital technology and upskill of your staff. In case of a shortage of funds, you can take out 100% guaranteed loans. This time it has become essential to fund new strategy of your business.

Now you have got to know how your small business will continue post lockdown. It will take some time to get on the track certainly.

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If you are working as a business owner, most probably you are concerned about cutting the extra costs. Every business expense means less money that you want to take home. However, by implementing a proper strategy to invest in your business can save your extra costs. If you are not able to implement a proper strategy not is able to see the growth you are hoping for. So here a Chartered accountants in Amritsar comes in figure, with the help of an accountants, you can experience the more success. An accountant can help with you in various areas.

Save Money with help of Chartered Accountants

Numbers of Chartered Accountants in Kanpur have the ability to help their clients to save money. An accountant can analyze the financial investment of business and can determine where you can cut costs. This analysis needs experience and ability to make better strategy and ultimately become more success. Without any financial advice, various companies make very poor decisions and suffer in long run. By hiring an experience accountant you can minimize your risk.

Avoid Fines with help of Chartered Accountants

Another reason to hire an accountant is to avoid extra fines. If you maintain your books at your end and prepare financial reports for business, you are more likely to make mistakes. These mistakes can cost you for extra money. Also, this will put you at risk for your future audits. So if you want to get success, it is best to hire a professional who can handle all your tax services as well as other financials so you do not have to.

Professional Help with Chartered Accountants

By hiring Chartered Accountants in Pune for your accountancy needs, you receive professional advice when it comes to manage to your books. This is very beneficial. Professional accountants frees up time, so you can focus on your other issues of business and its provides you peace of mind. As a business owner, this is very efficient and effective to handle the day-to-day activities of your company. If you want your business to be more successful, it’s a good idea to work with professional accountant. Having financial help might help you transform your business.

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The business, financial and professional services sector plays a major role in the market of UK and offers a wide range of career opportunities within industries such as banking; insurance; legal; architectural and management consultancy.

Chartered Accountants for your business is important aspects to get the high end value for your business activities.

Having the business is something nothing to be proud about but having a successful business is a different kind of feeling altogether.

The role of Chartered Accountants Kolkata is to ensure the records of business finances accurate and  also retrieve any part of the accounting to answer accounting questions on the accounts, provide a legal basis for the transactions and report the financial statements of the business at regular time.

The roles of Chartered Accountants Noida include helping business with compile and analyse business information and financial information. Other tasks include tax returns, company registration, auditing, GST registration and return, trademark registration, and helping with company books.

The small business has various accounting needs which are better described as bookkeeping than accounting. For non-limited companies that do not need to produce a balance sheet then a simple income and expenditure account can be produced much simpler using single entry bookkeeping principles.

The accounting landscape is increasingly complex and Chartered Accountants Ahmedabad work with a number of owner managed businesses and private individuals to offer them most suitable accounting and bookkeeping services, including business start-up support, and expenses.

Whatever the size of your business, you can get in touch with professional for your business growth. FinacBooks is a trusted name in the field of accountancy lead generation through advanced system. FinacBooks in India has a team of experienced Chartered Accountants in Jaipur can share you an overview of the entire lead generation system, pricing with value added services.

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Do you often find yourself income tax filing close to the due date every time? It can be a daunting feeling knowing you might miss the date this time. Well, we did some research and came up with some tips that should help you get out of this proactive once and for all. And you get to understand why its beneficial to file an income tax return early.

Quick Refund

The benefit of filing tax returns on time offers a “first come first serve” opportunity. This simply means that if you are filing a tax return earlier than others, you will be getting a refund earlier than the others. This is why you shouldn’t wait until the due date is close.

Revise your Return

It’s common to make mistakes while you file your income tax return and figure the same out later. But if you have filed your return earlier, you have enough time to figure out the mistakes you might have done, and rectify the details. Since the income tax department gives you enough time. But you have to remember that you should file early, and ask for revisions before the due date, otherwise you won’t get the chance to make any changes.

Avoid legal issues

You should understand that if you are not filing for income tax return before the due date, you might have to face legal repercussions. For example, if you pay after the due date, you will have to pay interest charges for late filing on a per month basis. You will also be liable to receive notices from income tax departments.

Premium filing

This isn’t a feature per se but a boon. Imagine a situation where you are filing for your taxes at the end of the due date. There are going to be a thousand of others like you, who are filing at the end as well. But when so many people try to file tax returns at the same time, the website might feel too much load and the response time might get slow.

Which will make you miss the opportunity to file earlier than others. But the same isn’t the case when you file early on. There won’t be a lot of people and you will have enough time to file without any issues with the website.

Loans

You might not know, but loan approvals get easier when you have filed for your taxes on time. But if you take too much time to take, you might not be able to get approvals on time as well. Showing your income tax return document as proof during the loan request is the best method to get your loans approved on time.

Since they are used to judge your financial credibility. It will make sure that, just like income tax returns, you will be able to pay your loan repayments as well. This makes it easy for you to get that house or car you always dreamt about.

Conclusion

These were some of the reasons and benefits, that are really important and should make you want to file taxes early. Sure, you can file for them late like every other person out there. But then you miss out on all the good things that come with early filing.

Income tax return filing shouldn’t and isn’t a hard thing to do. All you have to do is file your return early and you can reap all the benefits that come with it. The last date is 31st July, you still have plenty of time.

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Private Limited Company (PLC) is most widespread and common corporate legal entity in India. The registration process of a private limited company is administered by the Companies Act 2013 and Companies Incorporation rules, 2014. For registering any private limited company a minimum of 2 shareholders and 2 directors are required. Ministry of Corporate Affairs (MCA) has presently executed major variations to the process and made it very simple to integrate a company. Most startup companies and small business organizations are generally interested to choose the private limited company option, as that can help them to raise the fund from outsides and also confines the liabilities of the shareholders.

Private Limited Companies basically have some unique features, like –

• They offer Limited Liability Protection to their shareholders
• Uninterrupted existence. Such companies can be continued even after the owner gets died or leaves the organization
• Ability to raise the funds
• Restricted trade of shares

Process of Private Limited Company Registration

The entire process of registering a private limited company consists of the below steps:

Digital Signature Certificate (DSC) & Designated Partner Identification Number (DPIN) — Obtaining digital signature certificate and designated partner identification number both are required for the registration process. DSC is required for filing e-forms on online portal of Ministry of Corporate Affairs (MCA). Shareholders of the company is required to file e-MoA and e-AoA after affixing digital signature certificate, and directors are required to obtain DPIN after making an online application.

Approval of the company name — Suggested list of company names (minimum 2 and maximum 6 names) are required to submit to MCA. Few points are considered by the MCA like, subject of availability of the name, standard of the proposed name etc. Based on the MCA processing period the approval of the name of company can be completed within 5–7 working days.

Registration of company — Documents for the registration process along with an application for registration is required to submit to Ministry of Affairs (MCA). Subject to the processing time it generally takes 5- 7 days to complete the company registration process.

Your company name plays a very significant role for branding and helps people to identify your nature of business. Hence you need to choose them with proper care. Maintaining the below criteria can help you to choose a right name for your business and get the approval from MCA:

• The name of your Private Limited Company should be brief. It shouldn’t be hard to pronounce.
• You should choose a name for your organization that indicates the type of business you have.
• It must be a unique name. The name shouldn’t have a similarity with any existing company name.
• You must avoid using name of any person within the company name.
• Your company name must have a suffix as “Private Limited”
• You must strictly avoid using any abusive wordings etc. within the name of your company.

You may contact CA in Gurgaon for getting all the professional supports for Private Limited Company Registration process in India. FinacBooks has more than 10 years of experience in offering solutions for accounting, financial and taxation for freelancers and small business owners.

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A direct debit is a process of transaction that a business can use to charge people for their products and services. Many companies, from startups to small businesses to large corporations, are using the payment collection method of direct debit companies and greatly benefitingfrom it. What makes direct debit unique is that the payment automatically occurs. The payer does not need to be present, and your business does not need to set the payment schedule every time. In other words, it makes life much easier for everyone.

What Is a Direct Debit?

It is a straightforward and secure way of collecting payments from your clients regularly. You can set up your direct debit through online banking, a paper instruction form, or over the phone. After setting up your account, pick a date of payment to be made automatically. It removes the need to worry whether a customer has already paid or not. Also, direct debit makes it possible for you to alter the collection amount on every billing run.

But before you can collect payments through direct debit, your customers should receive advance notice.The rules of direct debit require your business to inform the customer of every automated payment before the bank takes it from their account.

In terms of a fixed amount for regular payments, you can issue a single notification that contains details of the amount and frequency of the payment. On the other hand, if the payments vary, you need to issue an advance notice before each payment, containing the necessary details.

What Are the Benefits of Using Direct Debit?

Increase in customer satisfaction and loyalty. The level of protection and ease of use that the direct debit companies provide help boost retention levels and customer loyalty. Compared to credit card payments, you will have no problems with missed payments in case the cards expire. Also, the customers may cancel their direct debits, and you will know about this if they do.

You may decide to offer an incentive like an ongoing or initial discount as a way to encourage your customers to pay using direct debit. It is a useful sales method to increase your customer satisfaction further.

Safe and secure transactions.Companies that use the direct debit system need to follow a strict vetting process. The banking industry closely monitors this type of payment; this provides peace of mind and reassurance to both youand customers. It means your company is trustworthy and reputable.

There is also the guarantee that the customers will have some protection against errors, which helps reduce the risk of fraud. For this, rest assured that direct debit is one of the safest methods today.

Efficiency and convenience. The method that direct debit companies use in collecting payments is hugely convenient. The payment is automatically transferred to your account. The money clears fast, and the failed requests are submitted again for you. If you are having issues with non-payments, they go to the flagged section, allowing you to take action immediately. You can address problems faster than the other modes of payments.

Direct debit also minimises the administrative load on your company because everything is electronic and automatic, from bank to bank. It eliminates the need to store and administer documents. It also increases your environmental credentials and corporate social responsibility.

Also Read: Bone Broth Keto

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Since COVID-19 became global, markets across the world have been on shaky waters. Although volatility is something you should be concerned about, it should not stop you from investing in the markets. Because of the unpredictability in today’s markets, now more than ever do the principles of smart investing apply. One of the fundamental principles is diversification. You can do that by buying shares from different companies that you trust. However, just like with the rest of the world right now, you may be tight on your budget. Buying high-valued stocks from different blue-chip companies can be expensive. An excellent and viable alternative you can do is investing in an exchange-traded fund or ETF.

ETF: What is It?

Say you are looking to buy chocolates and candies for your significant other who has a sweet tooth. You already know by heart all his or her favourite items. Being the good person that you are, you want to buy all of them. However, you know it can hurt your wallet. As you stroll through the shops, you notice a basket that happens to have most of what you are looking for in varying amounts. You decided to go for that instead.

You see, you can buy a pack of Brand A that can have a dozen pieces, a pack of Brand B that has another dozen pieces, and so on. That can be expensive. Not to mention impractical because no matter how much people love sweets, they will not be able to finish dozens and dozens of pieces. The basket, however, has only a couple of pieces of the brand you prefer. In this example, the different packs of brands are the different stocks available, and their contents are the minimum number of shares you have to buy to own the stocks. On the other hand, the basket which has a diversity of sweets, AKA investments like stocks, bonds, and more, is the ETF.

ETF: Why Go for It?

Because an ETF already contains a variety of assets of different companies, by choosing to invest in an ETF instead of separate stocks, you are already fulfilling one of the fundamental principles of smart investing: Diversify. Moreover, choosing this investment approach is cost-efficient.

An ETF company would typically buy shares of significant and noteworthy companies from a specific index. Say Company A makes up 10% of its index; then, the ETF manager would buy enough shares of Company A so that it also represents 10% of the fund. Whatever gains or loses the index incurs, so does the ETF fund.

See the Bigger Picture

Since COVID-19 entered the global scene, markets have become more volatile, but volatility is nothing new in finance and investments. Markets will dip during these tough times. However, as history has repeatedly shown, these challenges pass sooner or later. When they do, not only will people recover, but so will the markets. Another principle of smart investing is never to have your emotions get the best of you. When you enter investing, you are in it for a long time, not a good time. With this health pandemic, you will be in the game for quite a while. Find pieces when you invest in an ETF with shares from companies that have withstood the tests of time. Yes, their prices may wobble from time to time, but companies with solid foundations will not topple.

Also Read: Bone Broth Keto

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Introduction

The extra or additional return that an investor receives or he expects to receive from a market risk portfolio is called Mark Risk Premium.

CAPM which means the Capital Asset Pricing Model is used by analysts and investors to calculate the rate of return that can be accepted from a particular investment. Market Risk Premium is a part of the same CAPM. In CAPM there is a calculation of Risk also called volatility of returns and reward known as the rate of return. Any investor will always prefer to invest where he can get a rate of return more than the volatility of returns

There 3 concepts of how to Determine The Market Risk Premium

1. Required Market Risk Premium

This means the return amount that investors should accept. If the rate of return of investment is lower than the required rate of return then the investment should not be made by an investor, this is also known as the hurdle rate of return.

1. History Market Risk Premium

A measure of return from the last investment used to determine the premium of future investment. This type of premium that is History Market Risk Premium will give the same return to all investors because the calculation is completed based on the past performance of that investment.

1. Expected Market Risk Premium

This is purely based on the expectation that an investor has on the investment.

Required Market Risk Premium and Expected Market Risk Premium are the Risks that completely depends on the investor to investor. Calculating these two risk premiums the investor should consider the cost that was taken while acquiring investment.

In Historical Market Risk Premium, the return depends on the analyst, that is what instrument he uses to calculate. Commonly S&P 500 is used by them as a benchmark for the calculation.

Normally there is a government bond that is used to see the risk-free rate of return as it may be nearly no risk.

The Formula

Market Risk Premium = Expected Rate of Return – Risk-Free Rate

Market Risk Premium Use

As you know now that market risk premium is a part of CAPM, that means the return of an asset plus premium into the beta of the asset. Beta here means the measure of how risky the investment in the market. The premium is adjusted as per the risk of the investment. An investment or asset that has zero risks that mean zero betas will have market risk premium canceled. But if you see high-risk investment or asset that has 0.8 betas will have nearly full premium, if you take 1.5 betas then your asset will have 150% of volatile more than market.

Volatility

A now you know that the relationship between risk and reward is a very important part of market risk premiums. For example, if the security returns are 15% on-time period then the volatility returns are zero. On the other hand, if some security gives you 25%, 35% and 10% in three different periods then this will be higher volatility of return. This will also be known as “risker” even if you are getting a higher return on average. Here the risk-adjustment returns are applicable.

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Term Deposits offered by the different financial institutions make one of the best options for a safe and secure investment. These are the best for those who are looking for a stable return on their investment. An investor can deposit a lump-sum amount at an agreed interest rate. The time period can vary from less than a month to 5 years or more. 

The invested amount in case of term deposits is kept for a fixed period and can be withdrawn only upon maturity. Since these deposits are kept for a certain period, these are known as Term Deposits.

There is no difference between fixed deposits and term deposits. In fact, fixed deposit (FD) fall under the category of term deposits. There are two main types of deposit options offered by the banks.

• Demand Deposits
  • Current deposits
  • Savings deposits
• Term Deposits
  • Fixed deposits: in the case of FDs, the deposit amount is invested for a stipulated period of time. The choice of tenure is flexible and can vary from 7 days to up to 10 years. The rate of interest largely depends on the amount as well as the lock-in period. The FD process is a simple and easy avenue for new investors.
  • Recurring deposits: In the case of a Recurring Deposit, an investor can deposit a fixed amount at fixed intervals. This interval can be 15 days or a month or more.

Different rates of interest are offered by various financial institutions depending on the type of deposit and the time period. The rate of interest differs from institution to institution. You can check out the different financial institutions to find out the highest fd rates you can get for your preferred tenure.

Which financial institutions offer such term deposits?

• Banks
• Post offices
• NBFCs (Non-Banking Financial Companies)
• Credit unions
• Building societies

What are the Characteristics of Term Deposits?

Term Deposits are a great investment instrument with some unique features. Here are some of the characteristics of term deposits:

• A fixed rate of interest: The interest rate remains unchanged till the date of maturity and is not subject to market conditions or economic changes. 
• Safest investment option: This is a risk-free investment option.
• Predetermined time period: You can choose your term as per your convenience. 
• Interest payment frequency: On maturity or periodic (yearly, quarterly monthly or fortnightly).
• Easy process: The recurring deposit and FD process is simple and less time-consuming.
• Loan against deposit: A loan up to 60-75% of the deposit can be availed if required. 

Types of Term Deposit

• Cumulative deposits
• Non-cumulative deposits
• Company Fixed Deposits
• Sweep-in facility term deposit
• Long-term deposits
• Short-term deposits
• Senior Citizen deposits schemes
• Children’s deposit schemes 
• Post office deposit
• Tax-saver term deposits
• Recurring Deposits

Such deposits make a good source of safe income with interest earned on them overtime, particularly when you invest for a duration that gets you the highest fd rates. The returns on maturity are assured and are not subject to the state of the economy. Choosing the right tenure is essential to add to your income securely and stably steadily.

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QuickBooks accounting software is specially designed for small and medium businesses to maintain their economic branch and to streamline their finance. This Bookkeeping software program simplifies the equation within the flow of money, that became earlier carried by way of hiring a group of an accountant. This software is user-pleasant and has all the vital functions which are required for dealing with expert accounting. At the same time as working in this software there are few errors and issues which might be faced by our users like QuickBooks errors 3371, or Quickbooks not responding most generally found. To clear up those errors you must quickly take help from a technician, who has substantial information regarding this software.

QuickBooks couldn’t Load the License information/Data

Whenever you try to open or prompt Quickbooks desktop, QuickBooks error 3371 takes place with a message ‘could not initialize license properties’: QuickBooks couldn’t load the license information. This error takes place when the document is damaged or missing. This message takes place in a dialogue box and while you click OK, every other box pops up with a distinct message, that generally makes the user frustrating. To resolve this error you want the help of an assistant, so feel free to dial at QuickBooks support toll-free number and get immediate solutions for the problem.

What’re QuickBooks errors 3371

While you are operating on the software program and comes to a decision to reconfigure your computing device or install the software program for the very first time, you can get encountered with QuickBooks mistakes 3371, status code-11118. This error might annoy you because it won’t let you open your QuickBooks record and a warning will pop up which states QuickBooks could not load the license information. This could be triggered due to lacking or damage in files.

Causes of error 3371

This error happens because of one or many reasons. If you are well aware of the cause, your half of the trouble immediately gets solved.

• QuickBooks error 3371 or Quickbooks Stopped running takes place when you are cloning the records on C:/ drive to any other removable or permanent disk.
• Qbregistration.Dat: This file carries your license records and if through any approach this gets damaged you could face the mistake.
• Broken MSXML component: it is a critical component provided by means of Microsoft, and also you need this for going for walks your system and in case this is broken you won’t be able to run the software program.

Some Ways to restore QuickBooks error 3371

There are two ways by which you could remedy QuickBooks error 3371.

• Press window key + R for your keyboard.
• As you reach the subsequent region delete .Ecml record and close the report.
• Run QuickBooks and register the product.

In Case the problem still stays follow the following step:

• Click on Start > All programs> Window update
• Take a look at for update after updating, reinstall the software program.

Above are the methods through which you could solve the mistake. In case the trouble still exists, you can go the above-provided link of QuickBooks error 3371 or you can dial at QuickBooks toll-free number and may reach the professional for resolving the problem.

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In case you are jogging an enterprise, a lot of your expert existence would be depending on QuickBooks seasoned 2011 or its other versions. QuickBooks is pretty a flexible utility that organizes your expenses, monitors your cash waft, builds invoices, and maintains your tax compliant. And it doesn’t give up there; the utility has a separate set of capabilities catered specially to freelancers that assist them recognition on their paintings without traumatic approximately managing transactions. These days, most of the business houses or specialists around the arena, are using QuickBooks to take care of their financials.

But retaining all this glory aside, QuickBooks too is a utility on the quit of the day and is at risk of the threats/errors as different software program packages. It can get stuck up in messy error that can regularly get too tough to handle. Take the case of the QuickBooks Unrecoverable error 2010 / 2014 as an example. Many customers of this in any other case person-pleasant software have been left baffled by using the QuickBooks 2014 unrecoverable error. 

Read More:-QuickBooks Error 3371.

What should a user do while QuickBooks throws this error even as trying to open a document? Allow us to go through some options that will help either avoid the hassle or restore it. You may get in touch with Quickbooks Support for any query associated with Quickbooks error.

Commonplace ways to resolve the error

1. Forestall QuickBooks from beginning all home windows at begin-up

One of the most attempted-and-examined methods of averting this hassle is to prevent the application from opening all windows at begin-up:

• Press the Alt key while double-clicking QuickBooks software icon.
• While the machine presentations the prompt for the user password, release the Alt key and type for your password.
• Click on adequate, and whilst the software launches, press the Alt key once more.
• Release the Alt

Observe: while the application launches, do not forget to shut all home windows or truly click ‘near all home windows’ from in the application earlier than exiting.

Associated subject matter: QBO login

1. Open a pattern record

If you are nonetheless unable to open your business enterprise file without facing the error, attempt commencing a sample report as follows:

• Press the Ctrl key whilst double-clicking QuickBooks software icon.
• Preserve urgent the Ctrl key until the software presentations the ‘No corporation Open’
• Click on ‘Open a pattern file’.
• Pick one of the sample files and open it.

Be aware: If the application prompts you to provoke 

a repair/replace operation, click on ‘good enough’. If the pattern record opens without any error, the organization document this is throwing the error might be damaged or corrupted.

1. Replica the organization document to your desktop

Changing the place of the company document you want to open is likewise a choice you could strive for. The purpose why this solution works is the hassle on the garage course of the record. Perform the subsequent steps to trade the area of your QuickBooks report:

• Open the folder in which your company file is located and use the location option to locate the QBW record.
• Reproduction and Paste the report on the computer.
• Launch QuickBooks whilst pressing the Ctrl key until the application displays the ‘No organization Open’
• Click on Open, browse to the report you copied on the laptop and click Open.

Be aware: If this doesn’t paintings, the QuickBooks company document may be broken.

1. Use auto records healing

Restore the enterprise record the usage of the car facts healing choice.

1. Troubleshoot the QuickBooks application

If all of the above alternatives fail, try troubleshooting the QuickBooks software.

• Run Reboot.Exe to re-register QuickBooks gadgets in home windows.
• Repair Microsoft manually. Internet report framework mounted in your gadget.
• Carry out an easy re-install for QuickBooks.
• Run the QuickBooks component restore tool to restore all of your damaged documents and additives.

1. Renovate QuickBooks

The QuickBooks 2012 R14 service p.C. Lets in you to repair all unrecoverable file error. To update your QuickBooks installation with this service p.C., carry out the subsequent steps:

• Press the Ctrl key even as commencing QuickBooks.
• Click on assist –> replace QuickBooks.
• On the ‘update QuickBooks’ display screen, click on Update Now.
• Select the new functions
• Click on Get Updates.
• After the replacement is whole, exit the software.

If not one of the above strategies is able to clear up the mistake, it is indicative of the reality that your QuickBooks employer report has been seriously damaged/corrupted. To restore it and extract all crucial information from it, you’ll want a professional QuickBooks to restore software.

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Forex trading (foreign currencies exchange) seems quite complicated for most of the people. But the interesting fact is it can be well understood within a few hours and can start trading properly at the same time. Do you want to know how? Then, continue reading this complete Forex trading guide to trade like a pro.

Understanding of the Lingo

Basic information of the widely-preferred Forex Lingo can help you to set in this vast sea of trading market in utmost simpler way. After making your entry, you have to go through a number of phrases and words every time. This includes:

• Base currency: Holding currency at present. The unit will be the currency of your country.
• Quote currency: The currency which you are about to purchase.
• Bid price: The price with which the broker will “buy” or “bid” your holding base currency.
• Ask price: The price which will be “asked” by the broker in exchange of your selected quote currency. It will be always higher than that of the bid price.
• Spread: The currency difference within the ask price and the bid price. Typically, it is the commission of the broker.
• Pip: It refers to the smallest measure currency movement value. Pip is the short abbreviation of the “Percentage in Point”. A pip equals to 1/100^th of 1% of the currency.  

Selecting the correct and reliable broker

Prior to commence the Forex trading, it is imperative to select a brokerage firm or the best Forex signal service provider.There are certain providers or brokers who provide some additional as well as exciting other financial services at the same time.  Everyone wants to collaborate or hire a repute as well as reliable broker right?

It possesses a difference within the losing money and profiting trades in the form of ask price and bid. Therefore, you are advised to research thoroughly and go through the reviews of top brokerage firms to choose from. Selection must be done smartly on the basis of the considerable aspects at the same time.

Furthermore not every broker facilitates Forex trading facility and, make sure that a particular firm is offering this facility before your account opening. If you are novice then the broker with multiple outlets offering is better for you. If it is daunting for you to figure out the right broker them you can search online.

Analysing of the World Economy

Money trading currencies are all depended on the precise movement prediction of the global economy. For being a successful as well as profitable trader, the base currency must be converted into the quote currency for raising its value. Once the value reaches its peak, it must be converted again to the base currency. 

For this extensive research is required regarding trading positions, political climate and GDPs of your interested countries to purchase the currency from. Then, you can come to know that which quote currency is going to be worthy for investing along with the countries projected economical growth. Certain apps are there by which you can do your own research to make good profits and become successful.  

Attempting for your first Forex trade

After final decision is already taken regarding the quote currency type you want to buy, the right time has arrived for you to make your first ever trade. The selected Forex signals provider will send the online trading software through which you have to place the order for selling or buying the currency.

Make use of the trading platform for placing an order with the help of the broker. As the specifications vary from platform-to-platform, you should always make a basic execution of market order. After completing the ordering procedure keep patience and sit back as the rest of the thing will be better tackled by the broker.

Prior to start trading Forex, you should acquire as much information as you can from the nooks and corners of the world. This will allow you to understand the association of the risk with this type of trading in an explicit manner. By doing so, you can attain much-needed peace of mind and manage your wallet like a class! Even it is better to consult with the best Forex signals provider to know whether it is better for you or not.

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Income Tax is the total amount of tax to be paid by any individual to the Government and Income Tax Return is a statement showing the total income of any individual from various sources like salaries, business profits, etc. It also contains the details of deductions and other related facts about the income of the individual. It is compulsory for every individual to file the return and pay the required taxes regularly to the Government of India.

The Previous Year is the year for which the tax liability is calculated on the total income of that year, that is, if the tax is to be paid on the total income of the year 2018-19 then, 2018-19 will be considered as the previous year and 2019-20 will be considered as Assessment Year. The deadline maintained by the government is generally fixed after 4 months from the end of the previous year, providing enough time to the assesses to calculate the total income beforehand.

Many individuals think that it is ”smart” to save tax by not disclosing total income in the return. They think that it is worth saving a few rupees by tax evasion but it is not. Filing correct returns and paying exact taxes is the duty of every individual. Both are equally important.

The requirement of Filing Income Tax Return for a Freelancer/Blogger:

A freelancer is required to file an income tax return for AY 2019-20 if his total income crosses INR 2,50,000 annually. Your income should be more than this limit after all the deductions and exemptions. This income is called taxable income. Now let’s see the steps in calculating the taxable income:

Income-Tax Filing Forms:

The freelancer has to file the form ITR 4S for filing the return to the government. If your turnover crosses INR 1 Crore than you have to get your books audited before filing the return. The freelancers are not required to keep the accounts recorder under the Presumptive Taxation method. 

Presumptive Taxation Method:

Under this method, the income is assumpted rather than calculated on the basis of accounts. To avail the benefits of this method, the freelancer is required to keep the records regularly for 5 years under Section 44ADA, after that he can use this method to file the returns. Freelancers should opt for this method as it has various advantages. 

Advantages of ITR 4S:

Form ITR 4S is better than the previous form ITR 4. It has many benefits over ITR 4 like no need to file longer forms, no need to keep records, no need to get books audited, etc. Additionally, the rate of estimation of income is minimum in PTM. A minimum of 8% can be used after the calculation of income. You can increase the rate if you are earning more than it. 

Professional Help Required:

The process of filing the returns online has reduced the time consumption in a lot of ways. Now you can get the refunds online within 7-10 days. All this is possible as the I-T Department now uses electronic Aadhaar based ITR verification system. You should always file the return before the due date to get refunds readily. 

If you need the help of experienced professionals to file the income tax returns via Gen IT software and further assistance, you can contact SAG Infotech for the same. Contact us at info@saginfotech.com or give us a line at 0141-4072000 and we will try our best to assist you.

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Property tax also referred to as land tax or millage tax refers to yearly taxation where a property or landowner needs to deposit a specified amount of money to their municipalities or state government. The amount and percentage of land tax that your property qualifies for vary depending on the state or region of its location.

Apart from this millage tax, new property buyers are also eligible to pay TDS on property at a rate of 1% on a property’s value.

Types of property 

Before you learn more about house tax in Delhi or any other major Indian metropolitan city, you should understand the various classifications of property in India. 

Listed below are the divisions –

• Personal property – These are any personal assets that you own. For instance, land or building.

• Land – This refers to a plot or empty land that you own. Keep in mind that such a property does not include any construction on the owned plot.

• Improvements on a land – This is a type of property where you are modifying or creating aspects on an owned plot, increasing its overall value in the process. For instance, construction of buildings is an example of this type of property.

Types of property taxes

In India, you only need to bear taxes on a property in two cases. These are – 

• Land or millage tax

This is a yearly tax that property owners must pay. The rate of this taxation is determined by the local government or Municipal Corporation. This tax is calculated based on the valuation of the property.

The formula for the property tax calculation is –

Property tax = Built-up area x base value x type of building x floor factor x category of use x age factor.

Property tax receipts may be necessary to avail mortgage loans like a loan against property. 

A few HFCs require minimum documents like mortgage documents, OVDs for KYC, proof of income, etc. when borrowers apply for a loan against property.   

Reputed HFCs like Bajaj Housing Finance Limited provide such loans at attractive rate of interest and terms. Borrowers can use such a loan for multiple purposes. 

The company also provides pre-approved offers to simplify the loan application process. Check your pre-approved offers by providing your phone number and name.   

• TDS on property sale/purchase

When you sell your immovable asset, the government imposes TDS on the entire amount or the first instalment. The rate of deduction is limited to 1%. When discussing TDS on property, one must understand that the buyer is eligible to pay this tax on behalf of the seller.

Moreover, as a buyer, you have to pay TDS on property purchase above 50 lacs. Also, the tax liability is not limited to 1% of the sum exceeding Rs.50 lakh, but on the whole amount. 

For instance, if you buy a property at Rs.55 lakh, you would need to pay 1% TDS on the entire Rs.55 lakh and not on the Rs.5 lakh exceeding the minimum requirement for taxation.

How are the buyer and seller responsible for TDS on property?

The property buyer must undertake a few steps to ensure TDS applicability after such a purchase of immovable property. 

Here are some points he/she needs to perform –

• Deduct TDS at 1% while paying the property seller.

• Collect PAN details of the seller.

• Fill up Form No. 26QB by providing all essential data of the property purchase.

• Deposit the TDS amount through online payment during the submission of Form 26QB.

If you fail to clear the TDS payment during the form submission, you can initiate the same at any authorised financial institution. Nevertheless, you must do so within 7 days from the form submission.

A property seller needs to perform the following actions for TDS on purchase of property.

• Provide their PAN details to the property buyer.
• Ensure reimbursement of TDS amount while filing their taxes at the end of the financial year.

While TDS can be paid via the official portal of TIN NSDL or a financial institution, property taxes can be paid online or offline. Taxpayers can visit the concerned municipal corporation/council or its official website to pay the latter.

The post A Brief Introduction to Property Tax and TDS on Property appeared first on Today News Spot.

Quickbooks database server manager or QDSM is a software which helps us to multi-user work in the Quickbooks database server manager. It creates networks data files to share company files with other computers over your network, It helps to monitor multi-user networks.

QDSM is a  large useful tool to handle the multiple work file in the company. When we need to do multiple tasks on the computer, install the QDBS

QDBS is a desktop book to store the multiple user files in the computer system with a secure source file.

Quickbooks Database Server Manager is a quick guide to install, update, scan, download, and setup of QuickBooks database server manager.

Installation of Quickbooks Database Server Manager 

Installation of Quickbooks Database Server Manager is given in step by step.

• The first step is :

Download Database Server ManagerAfter completion of download QDSB you need to double click on the install button.

• The second step is :

Install Database Server Manager
If you are an accountant or someone who hosts multiple versions of QuickBooks desktop on your network, install them in order. Install the oldest version first and end with the most recent.  

• The third  step is :

Carefully read the software agreement and instructions, then accept the terms and conditions and then click the next.

• The next step is :
• Click on network option then, 
• Select the Installation method, after that
• Type in your license number if required
• Click on yes and allow access
• Follow the rest of the instruction to install the manager.

How to setup Quickbooks Database Server Manager

• Download the latest patch for your Quickbooks Database Server Manager
• Reboot your computer server.
• You will get a notify “the file of company needs to be updated work with this version of QuickBooks desktop”.
• Create a backup
•  Open the file after completing the backup

How to update Quickbooks Database Server Manager

Actually we don’t need to update the Quickbooks Database Server Manager, because it is automatically updated.

Quickbooks Database Server Manager creates network data file with the extension of .ND file on a computer system. We have to use this extension in the QuickBooks database server manager on two basics. We have to follow two cases which are given below:

1. You can check your computer  folder for the company files which you want to configure for multi-user access.
2. You can inspect your local hard drives for the company files which can have the automatic configure.

How we access the Quickbooks Database Server Manager

• First we need to click on the start button.
• After that go to the program and select it.
• From there click on the quick button.
• And at the end we have to select QuickBooks server manager from the QuickBooks.

Advantages of QuickBooks database manager server

There are some advantages of QuickBooks database manager server, these are as follows :- 

• Multiple users 
• Multiple networks file
• Add a user
• Multiple version 
• Chronological, sequential, progressive, effective work

Conclusion:- 

I hope you will satisfy after reading this post if you want to know more about Quickbooks database server manage you can contact Quickbooks support or get help from certified Quickbooks Proaadvisor.

The post Quickbooks Database Server Manager appeared first on Today News Spot.

Credit score, also known as CIBIL score, is an essential parameter in determining the credit eligibility or financial credibility of an individual. Financial institutions often look for this score while assessing an individual’s application for advance. It is especially taken into consideration in the case of unsecured advances as the risk is higher from the lender’s end.

In case an individual doesn’t hold a decent CIBIL score, chances of loan application decline increase. Consequently, individuals have an option to take necessary measures to rebuild their credit history. Applying for a first credit card is one of them that enable an individual to rebuild their credit profile.

When do you need to rebuild credit?

CIBIL score is a three-digit number between 300 and 900 assigned by credit bureaus to any individual with a credit history. A CIBIL score of 750 and above is considered decent for availing loans and advances. Hence, an individual must hold the minimum score as a measure of their creditworthiness for financial companies. Thus, individuals with a low CIBIL score or a poor repayment history need to rebuild credit for improved chances of availing advances.

How credit card helps in rebuilding credit?

For individuals who have not yet availed these cards, a first credit card can be an excellent financial tool for credit improvement. Look at the below pointers to know how one can use a credit card to improve credit score.

• Timely payment of credit card bills

Making bill payments of these payment cards in time helps cardholders improve their CIBIL score. Credit bureaus take the timely bill payment in consideration while computing CIBIL score. Therefore, one should know how to pay credit card bills, keep a track and make sure that they pay it off before the due date.

• Payment of bill amount in full

The option for minimum bill payment results in customers tending not to pay the entire bill amount, which can count negatively in terms of CIBIL score. Partial payment reflects the card holder’s inability to pay the entire bill in time. One of the best ways to rebuild credit with the first credit card is thus by paying the total bill amount within the due date.

• Maintaining the credit utilization ratio

Credit bureaus that assign scores to recommend individuals to maintain a credit utilization ratio of 30% or lower. The credit utilization ratio is the part of the credit that an individual utilizes from the available limit. Keeping it within limit thus leaves a positive impact. Knowing such pointers ensures that customers know how to use a credit card wisely and rebuild credit.  

• Upgrading the credit limit

With wise utilization of credit cards and after increment of monthly income, customers can opt to upgrade the credit card limit. They must, however, make sure to utilize the increased limit wisely to move towards rebuilding credit.

Know that it is also essential to select your first payment card wisely to make the most of available features while simultaneously moving towards rebuilding credit.

Credit cards like the Bajaj Finserv RBL Bank SuperCard come off as suitable option of credit card for first-timers. They offer up to 50 days of interest-free period, thus allowing cardholders to make the most of available credit while making repayment easy. Plus, their accompanying benefits like interest-free ATM withdrawals, emergency loans and more add to their utility.

Moreover, the card issuer also simplifies an individual’s experience of availing credits by providing them pre-approved offers. Such offers are available on numerous secured as well as unsecured financial products such as personal loans, business loans, home loans, etc. You can check your pre-approved offers instantly by inputting the name and contact number.

Subsequently, customers can rebuild their credit profiles by wisely utilizing their first credit card. They need to keep the above pointers in mind to smartly utilize their card while regaining their financial credibility.

The post Start Rebuilding Of Your Credit By Applying For Online First Credit Card appeared first on Today News Spot.

A two wheeler is more than just a machine. It’s rather your ticket to personal mobility. Waiting for public transport to commute between work and home, and spending hours in traffic snarls is history. Just cruise your way in style and make heads turn riding your dream machine.

Purchasing a bike is easy and quick with a 2 wheeler loan. These loans are easily gettable at competitive interest rates with flexible repayment schedules and tenors. All you need to do is choose wisely. Here’re a few tips to help you choose the best bike loan, minus hassles.

1. Determine the cost of borrowing:

Every bank and NBFC provides two wheeler loan but with varying interest rates. As the rates involve compound interest, even a minor difference, say 1% can push your loaning costs considerably. The only way out is to shortlist lenders and compare their interest rates. Note that, lenders calculate interest rates based on your income, CIBIL score and other factors. So, it makes sense to reach out to the lender to know the exact rates applicable to you.

While interest rates account for the largest share of the overall borrowing cost, other factors also contribute. The lenders charge processing fee, up to 1% of the total loan amount to sanction bike finance. Prepayment charges, penalty for delayed payments and other hidden costs might be involved as well. The trick here is to prefer a NBFC like Muthoot Fincorp that charges modest processing and prepayment fees and frees you of any penalty whatsoever.

1. Know the LTV:

LTV is an abbreviation of Loan to Value. It represents the amount you get as a loan in relation to your bike’s ex-showroom price. The LTV is lender-specific. Some lenders keep it to 75% or less, while some might offer up to 100%. The fully financed scooter loan can relieve you from paying any down payment. However, such loans might come with a higher interest rate and longer tenors. If you have funds for the down payment, go for a lower LTV. But if you don’t, fully financed loans are the only option available. It’s the classic each-to-his-own proposition.

1. Create a repayment schedule:

Bike finance is a liability. It should be paid in full, principal plus interest within the pre-agreed time frame. Any default will lead to confiscation of your asset you pledged as collateral for the loan. In this case, it’ll be your bike. Having a convenient repayment schedule in place prior to loan sanction will relieve you from any such situation. People often prefer drawn out tenors to relieve the monthly burden of EMIs. But they end up paying higher interest.

It’s advisable to keep it as short as possible to limit your overall interest outgo. The thumb rule is to factor in your monthly income and existing liabilities and make decisions accordingly. Don’t forget to consider your age when deciding the tenor and repayment schedule. Lenders usually require you to be less than 65 years of age at the time of the loan term expiry.

1. Choose the lender wisely:

The scooter loan is as good as the lender. Right from the interest rates to LTV to tenor and terms, every aspect of the loan depends on the lender. That calls for extensive research and wise choice. Here’s what to look for in your lender.

• The lender must have a decent customer service in place to answer your queries and address issues, quickly and efficiently. Your loan tenor might stretch into years and putting up with a substandard customer service for so long is frustrating.

• The lender’s 2 wheeler loan process has to be quick, efficient and transparent. It should accept applications online via website or app, and communicate your application status instantly. The approvals and disbursals should be streamlined.

• The lender must have an easy eligibility criteria and simple documentation requirements. It should offer end-to-end assistance in paperwork and pick your documentation directly from your home or office as per your convenience.

• The lender should be providing you with money saving offers from time t time to restrict your loaning cost. This might include zero service charges, free insurance and more.

• The lender should be upfront with its charges. Hidden costs are not just unpleasant but might spike your spending.

So, choose the lender which serves your custom needs the best. It would be helpful if you do further research and talk to a few representatives of these financial institutions to better comprehend the nuances of such a loan.

The post Tips and Guidelines to choose the best two wheeler loan appeared first on Today News Spot.

Same day loans are the way to raise quick money to handle challenging financial situations. With the help of a loan, you can pay for the unexpected expenses or any late bills that you get before the salary. It is easy to get online as there are many providers. Here are the main benefits of these loans:

Speed of Loan Approval

When you go for quick loans same day, you will not have to wait for days to get the money in your account. Most lenders approve the same day loans almost instantly as soon as you give the details. There is no lengthy form that has to be filled as in the case of conventional loans. It may take some hours for the lender to transfer the funds, but you can get the funds on the same day or the next working day. Some lenders can transfer the funds within an hour if you provide the required details quickly.  

Conventional loans come with longer processing time. You might have to wait for several weeks before you can access the funds and it will not help you in case of an emergency. Furthermore, there is no guarantee that your request will be approved or not within an hour. Some lenders may tell you immediately if the application is declined.

Online Application

All the processes and the interactions that are involved when making an application for same day loans are conducted online. You don’t have to book an appointment with a loan officer or call the lender multiple times to get the money. You can send the application from your home or office.

You can spend the money you get from the payday loan for the purpose you want. It can be for paying the electricity bills, repairing the car, etc. Most of the traditional loans are given for a specific purpose. For instance, car loans are meant for purchasing cars only, a home loan to buy a property. The paperwork is minimal.

Minimal Compliance

To get a conventional loan, you will not have to complete a lot of paperwork. But for the same day loan, you will not have to complete many formalities. You will get the loan in a few easy steps.

Finally,

Quick loans same day are best for handling many emergencies. There is no need for extensive paperwork, and you can get the loan in a few hours.

The post How Can Same Day Loans Help In Difficult Situation? appeared first on Today News Spot.

There were times when technology was complex and time-consuming. But now, gone are the days of heavy and costly coding which was impossible for a non-technical person to even think of dealing with and needed to hire a technical geek for that. This article specifically refers to getting a website or application for your business and adding a payment gateway to accept payment with it.

Still, many may have this false notion that doing all this is quite a complex task. However, it is not with today’s top payment gateway PayKun. Every process involved to get PayKun on your website or application is fast and easy, may it be signing up, testing, registration, onboarding, integration or initiating transactions. These can be done in no time. You think it, you want it and you get it; as easy as that.

Web and App Integration – Easiest with PayKun Payment Gateway

How is it easy?

If you have a website or a mobile application and would want to accept online payments with it, the best option is getting a payment gateway because it is secured and offers multiple payment options to your customers. There are more reasons as to why get PayKun payment gateway, those are mentioned later in this article.

With regard to integration, it is very easy and fast because of the readily available Plugins and SDKs, in simple words, they are like a readily available spare parts that can be attached with something else easily, let’s consider attaching a Grinder Bowl with the Mixer Grinder Machine. Similarly, add a payment gateway Plugin and SDKs with the website with the help of the Secret API and Encryption Key, available in your merchant dashboard login.

Well, neither you need to understand any of these terms nor need to create them yourself, they are ready-to-use available technical things with PayKun, so no complex coding from your side.

PayKun supports all the major platforms, PHP, Magento, Android, iOS, WordPress, Ruby, Python, .Net, Node JS, Java, WHMCS, Prestashop, Opencart, etc. And have their available integration kits. You may add a checkout or a payment button.

There is technical documentation page on the website to help you understand the steps to how to do the integration but again you need not have any technical knowledge about it. Still, if you have any confusion, then there are tutorial videos available too. Also, you may get free payment gateway integration help from the PayKun Support Team.

How is it fast?

The only action from your side to get a payment gateway is to sign up, do the testing and register with the paperless online documents and details; no physical documents required. 

Once you have done this, PayKun takes care of everything and in no time your account is activated. 

The integrating part is easy too as explained in the previous section of this article. You may get the free integration assistance from PayKun Technical Team. This way, you are ready to accept online payments. 

Easy right?

Payment Links

Having no website or no application is even better as the step of integrating payment gateway is no longer required and directly after the payment gateway is activated you can start accepting payments.

The payment links are as easy and fast as copy-paste. They can be created from the PayKun merchant dashboard and are to be sent via any possible medium like WhatsApp, messengers, email, etc.

Master Links are like payment links but in that, you can give your customer an option to enter the amount and other details. Whereas, in payment links, everything is prefilled from your side.

Why Choosing PayKun Payment Gateway to Accept Online Payment

• Cheapest

An only fee charged at PayKun is a per-transaction fee of flat 1.75%, which is the lowest in competition.

Setup fees, integration fees, maintenance fees, hidden fees are a guaranteed zero. It is very cost-effective and easy on pocket because no business would like to share a big part of their income with others. 

PayKun is affordable to anyone may it be a small enterprise, startups, large businesses, bloggers, YouTubers, offline stores, etc.

• Safe and Secured

The online payment transfer with PayKun is safe and secured. They are PCI DSS Level 1 compliant which is the highest level of security that needs to be put when the cardholder data is to be passed, entered or stored. In simple word the sensitive information related to your card payments and the fund transfer is non-hackable.

Also, it follows AES 256 Bit Encryption standards, in which the data transfer is done in an encrypted manner and cannot be interfered by the fraudsters and hackers.

The SSL certification of PayKun makes the connection between its website browser and the server safe.

• Speedy Activation of Merchant Account

The onboarding process is very fast and the account is activated in no time.

• Support Services

PayKun provides email, chat and calls support with an active competent team, ready to help with the speedy resolution to your queries and concerns.

You and your customers get active help with any of your PayKun related concerns and issues. Your account manager would your main point of contact.

The post Easiest Payment Gateway Integration – Accept online payment faster with PayKun appeared first on Today News Spot.

An instant personal loan can help you address a range of expenses, be it funding your child’s higher education, consolidating debts or even financing a medical emergency. The collateral-free nature of the loan and hassle-free application process make it a convenient financing option. However, its recommended that you exercise prudence when you take any loan, including a personal loan. Despite its beneficial features, there are a few downsides to availing a personal loan. For instance, since it’s unsecured, it carries a higher cost of borrowing. 

To know if the solution is a right fit for you, read on to know the advantages and disadvantages of an instant personal loan.

Advantages of Availing an Instant Personal Loan

• Instant Approval

Applying for a loan can be a tiresome and a long-drawn process that requires filling out dozens of forms and producing numerous documents. However, the same cannot be said about an instant personal loan. With lenders like Bajaj Finserv, you can easily apply for a personal loan online and get approval within 5 minutes. Moreover, you benefit from 24-hour disbursal post approval too.

• High Loan Amount

On meeting the eligibility criteria and providing supporting documents, you get access to ample financing. While this amount depends on the lender, with a flawless credit report and a high CIBIL score, you stand to obtain a substantial instant loan. For example, with Bajaj Finserv, you can get up to Rs.25 lakh in no time at all.

• Collateral Free Nature

Most loans require you to pledge collateral and this can prove to be a significant barrier to availing finance. However, a personal loan requires no security and so, you are saved from the hassle of identifying a valuable asset.

• Unrestricted Use

Unlike other loans, an instant personal loan places no restrictions on its end usage. So, you can use this loan to finance a wedding, go on vacation, refurbish your home, buy a used car or simply bring home new electronic appliances. 

Disadvantages of Availing An Instant Personal Loan

• High Personal Loan Interest Rates

Since personal loans are not backed by collateral, the interest rate can be high. A very high rate can cause repayment to become a burden. However, interest rates on personal loan are subjective to lenders and you can secure a competitive rate if you pick the right lender and have an excellent credit report and a steady income.

• Restrictive Part Pre-Payment Terms

While you have the option of a flexible tenor, lenders generally disapprove of any changes made to the EMI schedule. So, in most cases, you won’t be able to part-prepay or foreclose the loan before the tenor is over. If you are able to, then you will probably have to pay a 2-4% fee for the facility. 

A smart way to overcome this is to pick Bajaj Finserv Flexi Loan facility. It allows you to withdraw multiple times from your approved sanction. You can do this without submitting fresh applications or paying extra charges. Additionally, interest is levied only on the withdrawn amount. Best of all, you can make part-prepayments or foreclose the loan without paying any extra charges.

• Fixed Eligibility Criteria

Since an instant personal loan is a collateral-free solution, most lenders insist that you earn a minimum income depending on your city of residence, as this assures them of repayment. Additionally, your credit report comes under scrutiny and a poor or average score can lead to you not getting a high loan amount or having to pay a higher interest rate.

As is evident from the aforementioned pointers, a personal loan has ample pros and a few cons, which you can easily overcome by picking the right loan provider and improving your financial profile. For instance, if you choose Bajaj Finserv Personal Loan you don’t have to worry about stringent eligibility criteria, you can make prepayments should you wish to, and enjoy a competitive interest rate too. 

Moreover, to obtain an instant personal loan from Bajaj Finserv, all you need to do is check your pre-approved offer and enter basic details into a form. On doing so, you get approval through a customised deal and instant access to all the benefits of this feature-rich loan.

Must Read: Difference Between CIBIL Score And CIBIL Report

The post Pros and Cons of Instant Personal Loan appeared first on Today News Spot.

• Shifting from legacy systems used by banks to real time payments, many governments around the world are introducing national payment gateways and open banking systems. Mobile banking is expected to rise with the banks expected to provide access to third party developers through APIs.
• Banks, Big Technology and E-commerce companies have made investments into payments technology by launching mobile payments applications to improve payments for customers and merchants.
• Major marketing strategies adopted by these payment gateway companies is to partner with major merchants and e-commerce sellers to increase transaction value and volume through their gateway and providing incentives such as discounts and cash-backs for using a specific payment method.

Growth in E-commerce: The growth in the Transaction value and volume for payment gateway operators will be driven by growth in internet and mobile phone penetration across global regions. Payment through cards and online will be driven by rise in e-commerce as more customers would make payments seamlessly with fewer steps. Emerging economies are leading the adoption of e-commerce and with it digital payments methods. Seamless payments in brick and mortar stores are also driving innovation in POS and in-store payment methods. Apple, Google and Amazon have introduced real time payment systems across regions that comply with regional regulations to improve payments through their websites and e-commerce sites.

Open Banking Regulations: Majority of the banking system is based on older systems that do not support real time payments. Hence making payments, which has always included the banking system, lacked innovation. Threat of security theft and frauds has inhibited the banks and various governments to lag in introducing innovation in payments. Currently, many governments have introduced Open Banking regulations enable banks to innovate through third party developers. With the help of these third party developers, banks role in payments will be to only execute settlement and clearance notifications to the payment systems operated by card networks.

Middle East and Africa Region has high cash in circulation as a percentage of GDP and relies mostly on cash for payments, both for sellers and buyers. UAE banks have started on the road to digital adoption. With the mergers of major banks in recent years, reduction in the number of ATMs in the future is a trend towards adoption of digital banking services.

Analysts at Ken Research in their latest publication “Global Payment Gateway Market Outlook to 2024” believe growth in e-commerce, demand by customers to have seamless payment options online and in-store, increase in mobile phone and internet penetration driving adoption of mobile phone payments, entry of third party developers to provide value added services, regulations in Fintech, various governments’ need to increase banked population are some of the factors that will drive the market to register an 11% CAGR growth in transaction value and volume for the period 2019-2024.

For More Information on market research report, please refer to the link below:-

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/global-payment-gateway-market-outlook/263650-93.html

Key Segments Covered:-

By Region

 APAC

 North America

 Europe

 Middle East and Africa

 Latin America

By End-User Industry

 Retail

 Transportation

 Government

 Banking and Financial

 Telecommunications

 Others (Media and Entertainment)

Key Target Audience

Existing Payment Gateways

Investors and Venture Capital Firms

Third Party Developers

Banking and Financial Services Companies

Government Entities

Merchant Acquirers

Card Issuers

E-Commerce Sellers and Websites

Time Period Captured in the Report:-

Historical Period: 2014 -2018

Forecast Period: 2019-202

Companies Covered:

First Data

Paypal

Worldpay

Adyen

Square

Alipay

GMO Pay

PayU

Ingenico

Authorize.net

Key Topics Covered in the Report:-

Executive Summary

Research Methodology

Global Payment Gateway Market Value Chain Analysis

Global Payment Gateway Market Overview

Global Payment Gateway Ecosystem

Global Payment Gateway Market Trends

Global Payment Gateway Market Challenges

Global Payment Gateway Future Projections

Global Payment Gateway Market Segmentation by Region

Global Payment Gateway Market Segmentation by End-User Industry

Competition Analysis of Global Payment Gateway Companies

Global Payment Gateway Regulations

Related Reports by Ken Research:-

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/russia-payment-services-market/258601-93.html

https://www.kenresearch.ae/banking-financial-services-and-insurance/financial-services/saudi-arabia-cards-and-payments-market/257746-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/india-payment-services-market-research-forecast-2023-/154993-93.html

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

The post Global Payment Gateway Industry Research Report: Ken Research appeared first on Today News Spot.

We all use credit cards for paying our day to day expenses but using a credit card works like a loan: you are borrowing money to pay back later, which is done at the end of every month. Whatever amount of money you have spent has to be paid back or else there is a penalty involved. But taking credit and failing to pay back can interfere with your credit score. Thus, it’s very important to understand how late payments can affect your financial situations and what to do in such cases.

Late payment on credit card

There are many reasons that can contribute to delayed credit card payments. This could be a major reason that could affect your credit score while applying for personal loans.

Overspending

People spend recklessly while using a credit card as they don’t have to pay immediately. This makes it easier to ignore the amount they are spending at one go, which makes people overspend without even thinking about how they will be paying back the amount.

Delays due to uncertain reasons

Sometimes, repayment is delayed due to unavoidable circumstances that are not in our control. For instance, our salary may get delayed, we might be waiting for the office to reimburse the amount purchased on their behalf or there may be an issue of recovering the money we lent to someone.

Deadline paying

People avoid paying until they absolutely have to, which can lead to delay in payments. If you make a payment on time, you avoid paying a late fee.

 Effects of paying late credit card bills

When you delay paying on time, there are many issues that you can face:

Expenses

When you avoid paying on time, you are just adding on to your expenses. You also have to pay a late fee. This can lead to credit card defaults which make it difficult for applying for another card in the future.

Difficulty in applying for loans

If you decide to apply for personal loans or try to acquire a loan from independent lenders such as from peer to peer lending, your credit score is checked. Default in payments can affect your score, which can make approval for your loan difficult and sometimes even impossible.

The action of credit card companies

Many credit card companies keep a check on the behaviour of their customers and can take their access away, until the debt is paid along with the interest. Losing access can become a problem if you require doing any kind of purchasing.   

Loss of reward

The card comes with a lot of rewards for their customers. These rewards depend upon your usage as well as on the timely payments. You won’t be able to claim these rewards if you have missed payments or have huge debts on your card.

 What to do if you have already missed payments

Clear your debts immediately

As soon as you know that there are unpaid bills due on your card, you should pay immediately. Instead of making any new purchases, focus on paying and clearing off the old debt first. Delaying a payment means adding more to your expenses.

Negotiate

You can speak with your card companies to waive off penalties that can affect your credit score. There is no harm in talking to them; you can convince them that this is your first time neglecting the payments which will not be repeated. If your past records are clean, they may cut you some slack and choose to reduce your penalties.

Planning your finances

After your mistake has been identified, plan your finances in such a way that the same situation does not arise again. Automating your payments is a good solution to never miss any of your payments again.

Repayment should always be done on time because when you lose even a single payment, it affects your credit score as mentioned earlier. This makes it difficult for applying for loans, especially personal loans since they are unsecured, which means it does not require any kind of security or collateral in return for the loan. Whether you apply online for a quick loan or a bank loan, your loan is approved only once your credit score is checked.

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In India, people often go for a personal loan as it is easily available in the market compared to other variants of loans. Moreover, the loan capital can be used for different purposes according to the desire of the loan borrower. Generally, the provider gives no restrictions in case of the usage.

Although a large number of people in the country take the personal loans, there are many questions that arise at times in their minds regarding the interest rates as well as overall features of the personal loan.

Common questions asked about personal loan interest rates

Here, the answers to the common questions about the personal loan interest rates are given in details:

What are the leading factors on which the interest rates of a personal loan depends?

The leading factors on which the personal loan interest rates depend are the amount of capital and tenure of the loan. To avoid lump sum repayment amounts you can take a personal loan of medium capital amount or one that has longer tenure.

It is always advisable to seek a personal loan that has a tenure of at least three to five years. The banks can give you personal loans easily if you choose a loan structure having a longer tenure.

What happens if a borrower misses a repayment?

If a borrower misses a repayment of a personal loan for a single month, he can get a chance to clear it in the next month. The issuer organization can place a legal case if the borrower misses 3 consecutive repayments for 3 months.

A borrower might have to give hefty fines and face enforcement to clear the debt related to the loan. This is a leading reason why it is a bold step to have a personal loan with a low-interest rate.

Can interest rates differ in case of personal loans taken by the salaried person and self-employed person?

Yes, as the income plays a vital role in determining the capital of personal loan that a person can get, the interest rate also differs. For the salaried people placed in a highly paid job, the interest rates can be lower than the self-employed people.

However, well settled business persons having good profit and an excellent turnover can be treated as worthy lenders by the issuer banks. As a result, they will have higher chances to get a personal loan at lower interest rates. It is all up to the bank for which structure they will give to a borrower.

Is there a minimum value that one must borrow as the capital in case of a personal loan?

The minimum amount one has to take a personal loan is different for the issuing banks. The banks maintain the minimum amounts as it eases them to calculate the interest rates of the personal loan.You might only get only the minimum amount as the loan capital if the issuer bank thinks that you are not much credit worthy.

There are a large number of people who have a tendency to take personal loans of medium amounts even if they don’t need it. Always remember to refrain yourselves from taking personal loans in such a manner. Furthermore, the people using the credit cards can face a big problem as it might put negative effects both on credit score and financial history. Always try choosing a leading bank or NBFC for taking a personal loan. 

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Energy and asset management consultancy are similar to any other consultancy business. It is a type of service which accommodates investors and business owners to achieve their objectives and goals resourcefully and successfully.

As an energy management company, it is explicitly assisting businesses to maintain their energy resources and achieve their energy goals.

Hence, it becomes very beneficial for businesses to outsource energy and asset management to become more cost-effective.

Energy management

As time is passing, awareness regarding energy management is increasing. For any business success maintaining and managing energy has become a fundamental part.

It is not feasible for any business to neglect energy efficiency because the direct benefit of energy management is cost reduction. More importantly, companies can manage pollution and energy by doing simple measures.

It also helps in using fewer resources and the best results. The use of energy is in all regions of business, like procurement, logistics, raw material management, product warehousing, production plants, and monitoring of all operations.

Why is energy management critical?

Energy wastage is directly proportional to money wastage. Secondly, it is hazardous for the climate and plays an essential role in overall climate change as it increases the carbon release in the environment.

If business owners hire energy management consultancy companies, it also increases their customer satisfaction, which eventually increases their business reputation. When energy usage decrease, it should be done for all goods and services as it affects the complete supply chain.

A carbon-offsetting scheme is a way of energy management. It helps in using newer and cleaner sources of energy. It also helps in neutralizing carbon emission.

The offsetting carbon scheme is an effective way of energy management.

The tools for energy management

Consultants or brokers of energy management give suppliers to the investor who provides tools and equipment for energy management.

There are numerous amounts of energy management applications available in the market. Energy management software (EMS) is the program for Energy-related software applications

The primary services provided by EMS are utility bill tracking, real-time metering, lighting control system, building simulation and modeling, carbon, and sustainability reporting.

The consultancy companies provide a step by step processing of energy management tailored for each client.

The initial assessment involves energy analysis with the current tools that are being used in the business

. Any competent company who is working in the consultancy business for a long time strives hard to achieve customer satisfaction.

It designs a program after analyzing the current situations and existing conditions. Increase the utility incentives to increase improvements in budget management.

They work on the overall reduction of energy consumption and comparisons of current consumptions to reduce maintenance costs. They also support in identifying the need for advanced lightning controls i.e., whether it could use now or in the future.

If required, the consultancy company redesigns the use of energy-efficient products for the application while improving the quality of light in the area.

The asset management company and its services offered 

An asset management company manages funds for individuals or businesses. They make customized and specific investment decisions that benefit the individual.

The company makes well-defined plans for investments, which helps in the overall growth of finances and build a worthy portfolio for the investors. Asset management usually invests the capital of its clients into real estate, stocks, and other types of partnership plans.

The AMC also provides plans for small investors like pension plans, mutual funds, index funds, or exchange trading funds. It is easier to manage single centralized funds.

The asset management company is also a money management company, and finance managers are also money managers. Mutual fund companies that provide services for public mutual funds; these companies are Mutual fund companies.

Asset management companies could compensate via monthly or annual fee plans. The clients usually provide a variety of security and assets to AMC so that they can invest the capital into mutual funds or other money exchange programs.

AMC facilitates the investors by making decisions for themselves, like which investment plan is suitable for them to buy.

The decisions are made by doing in house research, data analytics, and market recommendations from sell-side firms. Investment banks, stoke brokers are named as sell-side firms.

Their primary services include market analysis, data analytics, and analyzing project trends. Mainly they issue trade orders for which they charge their fee.

How brokerage house overlap AMC

There are quite a lot of similarities between AMC and brokerage houses. Many brokers provide consultancy services to clients regarding investment portfolios, trading securities, and market analysis.

These brokers provide their service through private investment or wealth management services. Along with this, most brokers also provide proprietary mutual funds.

These brokers act as wealth management advisors for the clients as they provide advice regarding future financial goals, suggesting products, and assisting clients in one way or another.

AMC, on the other hand, is a fiduciary firm. A fiduciary firm is a company that deals with managing the overall assets of an investor.

It is more like building a long term relationship of goodwill and trust between AMC and the client. It is related to having the highest legal duty of one person with one another.

For a fiduciary firm, it is necessary to attach ethically for their benefit, Accountants, financial advisors, bankers, executives, and corporate officers can work with brokerage firms and asset management firms.

A well-reputed asset management company 

IREP is one of the well-known reputed financial consultancy firms which deals with energy and assets management.

IREP provides services including customized energy water and metering adults, procurement supporting facility, assessment of all sorts of utilities, constitutional carbon reporting, implementation and production of energy, monitoring analysis, projects for energy reduction, and cost reduction related to energy and assets, building energy modeling and project management.

The IREP is a fiduciary firm; it means that they build a long term ethical bond with the clients. They deal with small investors for mutual funds as well as large size investing companies.

They also manage the networks of heat networks and design studios. The monitoring and analysis services provide complete support to the clients regarding assets and energy management. They also facilitate the clients in making investment choices and long term financial plans.

IREP is known to have a trustworthy and positive relationship with the clients due to its transparency and systematic approach. All asset managers in the company are involved in ongoing training sessions so that they can facilitate the clients the best way.

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This new year, avail the right credit card to extend your financial capability. Credits cards offer a pre-specified amount of credit extended by the credit card issuer to the user for purchases and transactions online or offline. This financial product effectively increases an individual’s purchasing power and is popularly available nowadays. According to the studies of 2019, the total number of credit card holders stands at around 50 million.

This instant payment tool comes with various borrower-centric features, and they do vary between different financial institutions. An individual should check for the features they can avail according to their purchase habits.

An individual should consider the following aspects to avail the right credit card for themselves – 

• Interest rate – An individual who fails to pay their card outstanding within the pre-set due date is liable to pay interest. Note that credit cards are higher than on most other financial products. A user can face unforeseen circumstances, so, it is better to know which financial institution offers a relatively competitive interest rate. Other than knowing which financial institution offers a more affordable interest rate, for their own reference, an individual should know how such interest is calculated as well to best plan contingency finances in case they are unable to pay the accumulated debt.
• Credit amount – An individual is assigned with a certain amount with their credit card which is the total credit amount of that specific card. The assigned amount may vary as per the user’s income, credit score, employment stability, and various other factors.
• Charges – Most financial institutions offer quick approval on the credit card application of their customers. Financial institutions like Bajaj Finserv offer the Bajaj Finserv RBL Bank SuperCard with minimal annual and joining fees.
• Affordable EMI – An individual should choose their lender according to their repayment capacity. For borrowers, financial institutions who offer a comfortable EMI facility with part-payment policies can help financially. For instance, the RBL Bank credit card mentioned above offers comfortable EMI conversion for transactions above Rs.3,000. 
• Security – One of the essential features to look for to choose the right credit card is to determine which financial institution offers relatively better security measures. NBFCs can offer security features like, ‘zero-fraud liability cover’, ‘in-hand security’ etc. which is used against cybercrime threats. Furthermore, online apps are available so the use can better manage their credit cards as per their convenience. Top feature-rich cards come with in-built security measures to help users avoid fraudulent activities against them.
• Rewards – One of the beneficial aspects of availing a credit card is to obtain various add-on rewards. An individual can earn reward points as per transactions or purchases. These credit card reward points can be redeemed in various ways for numerous attractive financial benefits.
• Cash withdrawal from ATM – An individual can choose the right credit card based on the feature of availing interest-free cash withdrawal from ATMs. Although most credit card issuers do not encourage using the card for cash withdrawals, leading financers offer a 50 day interest free period on such withdrawals.

A credit card can help an individual to substantially increase his/her purchasing power and meet financial requirements ahead of time on credit. Refer to a leading financer to avail the most beneficial credit card as per your financial requirements.

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All through the year, we work to earn money either by doing a job or by doing business. Sometimes, the challenge does not come to earn profit from your effort but to manage the earned money in the proper way that it will grow in the right manner.

The finance management is quite a tough job for most of the people as they don’t know where to invest and where to save for their best interest. Moreover, there is the hassle of tax calculation, submission and filing the return. The Chartered Accountants India come into the scene as the savior for those people who just cannot handle their finance in a good way.

To grow financially, it is very important to utilize your money in the right way. You must know how you can invest the money for the betterment so that it will have the risk of free growth. Check out the following benefits of CA to save your money.

Ways the Chartered Account can help to save money?

Find here the list of the ways by which the CA can save your hard-earned money:

• Regulate the Bookkeeping: Any business can be benefitted if the accounts are maintained properly. They can maintain cash flow on a daily basis. The CA will maintain the accounts on a weekly or monthly basis. He may warn you in case your expenses are going more than the income.
  
  As the account documents will have all of your financial data in a proper manner, you can easily identify the weak area and do a quick cut costs in an emergency. When you will keep a tab on the business investments that will earn a good profit, you can easily know the way to save more and spend less. In case, your organization is undergoing government auditing, the account book will save you from any disaster.

• Tax Saving: The Chartered Accountant in India are trained to deal with all types of tax laws and regulation. They must keep themselves updated regarding the latest updates and changes in the tax model.
  
  It is the exclusive capability of the experienced CA to find out the gap in the model that will help you to save money. They know all the possible legitimate to save tax. They know how to use your spouse or switch up the GST system or change the expenses to cut down the tax. The CA will work as a financial advisor to grow your business.

• Alert for Fines: Another important factor of the Chartered Account’s job responsibilities is to complete and submit all the documents on time. It is quite normal that people often confuse the technical jargon of the tax department and eventually lose track of the deadlines. The fines and penalties will bring massive losses in the business. Often the small businesses have to shut down as they don’t afford the penalties caused by the taxes.

• Financial Guidance: The CA can be hired as the financial advisory as they possess immense knowledge regarding the financial market. They can make an accurate prediction about the market trends to ensure maximum return.

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There might be times when an individual is confused between CIBIL Score and CIBIL Report. An individual’s CIBIL Report is an elaborate record of his/her credit history, which includes an individual’s contact details, personal information, employment information, credit card information, inquiry information, and loan account. Whereas, CIBIL Score is a three-digit number summarizing an individual’s CIBIL Report that reflects his /her creditworthiness. This is dependent on the individual’s payment behavior and credit history – an integral part of his/her profile, mainly because the past behavior of the individual is taken as an indicator of his/her future actions. 

A customer has full leverage to avail the free credit report from their end.

An informed customer can be defined as a smart investor. With the expanding rate of globalization, people can keep a sef track and smoothen their lives. Having an analysis of your credit score and credit report online can be very helpful. 

The CIBIL Report of an individual includes the last 36 months of his/her credit history; his/her CIBIL Score is dependent on the previous 24 months of the individual’s credit behavior. Both of them, CIBIL Score as well as CIBIL Report, play a crucial role in the process of a loan application, and lenders are dependent on both The CIBIL Report and Score to assess the individual’s loan eligibility. 

Technically, the individual needs to have more than six months of credit information so that he/she can be eligible for a CIBIL Score. But, a new customer might not have enough credit history or information to generate a score. In such a situation, the individual may receive an NA/NH (Not Available or No History). As the Score becomes closer to 900, the chances of the approval of the loan application become higher. 79% of loans have been sanctioned to people who had a CIBIL Score above 750.

This doesn’t mean to lose hope if one is new to credit or doesn’t have many scores or if the Score is not above 750. Sometimes, the lenders might look at an individual’s CIBIL Report for a larger view of his/her credit footprint. This might include several inquiries made on the account, red flags on loan accounts, or checking for the days past due on outstanding payments – all available in the Report. While underwriting and approving a loan, an overview helps the lender to make better and informed decisions. 

Moreover, some of the lenders and banks have started rewarding high scoring, credit conscious consumers with preferential pricing loans at the discounted interest rate. In this way, a healthy CIBIL Score and Report not only gives access to credit but also facilitates savings.

An individual should work toward a CIBIL Score of 750 so that the individual can achieve the financial plans and make it a reality. This Score also contributes towards a healthy CIBIL Report. The monitoring of the Score by the individual should be done regularly so that he/she can verify the loan account and personal details, which are updated correctly. This helps the individual to have access to the credit when they need it the most. 

There are various companies like Experian, Equifax, CRIF, and CIBIL which record the credit score. In most cases, the Score will be the same. However, there can be a slightest of variation in other cases. 

Summary

CIBIL Score and CIBIL Report can sometimes prove to be quite confusing to the individuals. A CIBIL report is considered to be an extensive record of an individual’s credit history that also contains personal information, contact details, loan account, and inquiry information. CIBIL Score, on the other hand, is a three-digit number that summarizes the individual’s CIBIL Report, which undoubtedly reflects the creditworthiness of the person. This is based on the individual’s credit history as well as his/her payment behavior. One of the significant differences between the two arises in the time duration. CIBIL Score is dependent on the last 24 months, and CIBIL Report includes the person’s previous 36 months. Apart from the differences, both CIBIL Score, as well as Report play an essential role in the loan application process. CIBIL Score should be maintained by individuals so that they can achieve their financial goals. A CIBIL score 0f 750 or above is considered as suitable for CIBIL Report. This is the reason why an individual should regularly update and maintain their loan account details. Various financial institutions and lenders also offer rewards to customers who have a high score. This helps the customers to become more credit conscious. 

Moreover, users must make a note that apart from credit score and credit report, various other parameters can be taken into account at the time of sanctioning of the loan. 

There are often many times where people frequently neglect or keep it a low priority. 

But, making timely payments will make you useful in planning and managing the things. The best way to overcome your procrastination is by marking down the due dates on the calendars. 

You can set a goal to improve and make your financial life better. 

You can thereby smooth a journey and be stress-free. At the end of the day, you will feel you have more negotiating power in your hands. Also, with an excellent report, the lender can offer you a loan with a low-interest rate. 

Having shown good results, you can positively use your bragging power. 

Also, the limit of Score can increase slowly from 600 to 700 to 900. Try to maintain an average score of about 700. The little steps taken by you can help to reach a higher ladder. Provided all the prerequisites are followed carefully, you can reach your perfect credit score. 

Also, both the Score and Report are equally essential and correlated with one another. 

A score is a part of the Report. Banks look at both scores and reports before drawing out the final conclusion. Also, in some cases, people can make use of a cibil score calculator. The information gathered from the online Score is entirely accurate, authentic, and credible. 

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Repaying a home loan through EMIs or Equated Monthly Instalments is the fundamental repayment schedule a borrower has to follow. He/she pays a predetermined amount each month which will repay the principal availed and the interest payable as per the principal according to the tenor.

The EMIs or installment amount of a housing loan is usually affected by two factors, which are –

• The interest rate at which the lender extends the loan.
• The tenor or time span provided to repay the loan completely.

By specifying these two determinants on the EMI calculator for a house loan, loan-seekers can check the monthly installments he/she will be required to pay after borrowing the funds. Mortgage loans such as home loans are a secured form of credit.

A home loan is a long-term financial commitment. This is why there are certain essential things one must know before availing a home loan. Among several other points included in it, the most crucial thing which borrowers must concentrate on is to find ways to reduce housing loan EMIs. Lower installment liabilities help to minimize the financial burden considerably.

How can you bring down your home loan EMI amount?

Individuals looking to avail a home loan, as well as existing borrowers can seek ways to reduce their installment amounts. Individuals who are yet to avail the funds can follow the below steps to pay lesser EMIs –

• Compare home loan interest rates and benefits

The primary step to reduce the EMI amount is to select a lender who provides housing loans at more affordable interest rates. There are numerous lenders in the debt market who are offering affordable home loans. Other than the interest rates, you should also consider various other related terms of such options to extend tenor, charges associated with part prepayment or foreclosure, balance transfer charges, etc.

• Opt for a long repayment tenor

Longer the repayment tenor, lower will be the payable EMIs. Prospective borrowers can easily use the home loan EMI calculator to estimate the payable EMIs as per their budget.

• Arranging a bigger down payment

RBI rules mandate that a home loan can cover up to 90% of the property’s value but only if the lender is willing to consider the attached risk weight of 35%. Note that this LTV limit is for loan amounts between Rs.30 lakh and Rs.75 lakh. However, if you wish to pay lower EMIs, you can choose to contribute a larger sum as a down payment. Doing so will reduce the total loan availed and compel the lender to offer more affordable interest rates considering the lower LTV and risk weight.

Existing borrowers who are finding it difficult to cope up with the installment liabilities can consider the following options to lower down their installment amount –

• Refinancing the loan by switching lenders

Reducing EMIs through home loan balance transfer is an ideal way to lessen the existing debt burden. You can shift your  home loan to a different lender who is offering loans at a more competitive interest rate.

• Negotiating with the existing lender to relax the service terms

You can try convincing your existing lender to reduce the interest rates being charged on the home loan. Considering you are on fixed rates and that you have completed a certain portion of your repayment tenor, you can ask the lender to reduce the interest rates or offer an interest waiver.

• Prepayment of the home loan

The pre-payment of a loan means paying off a portion of the principal sum when a borrower has surplus funds available. When an individual prepays a loan before the end of its tenor, it also reduces the overall interest outgo. On making prepayments, the total outstanding balance of the loan comes down, thereby reducing the upcoming EMIs.

A well-planned approach towards loan repayment ensures paying off debts responsibly, without resulting in defaults.

A home loan EMI calculator can be considered as a crucial tool that helps in determining the affordability of a housing loan. By altering the inputs, borrowers can compare the EMIs before deciding the appropriate amount he wants to avail. Know how to get better interest rates on your home loan and refer to leading lenders to easily do so.

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In today’s age, most everybody is drinking the syrup of investment. As we have career goals, health goals, setting our financial goals holds equal value. Fixed Deposits can act as your personal Peggy pouch. As parent and child, savings + fd serve as the same combination. 

Moreover, with the beating rate of inflation, having some extra money plays a vital role.

Must Read: Explain The Different Types Of Mortgage Loans In India

Also, people who are hesitant from investing, risk-averse people, young investors with the first salary can give a shot to a fixed deposit.   

Fixed Deposit Plan offers a lot of benefits. It is safe, secure, and gives reasonable returns. 

Moreover, in the case of an FD, we can get the interest rate based on a monthly, quarterly, half-yearly, or even annual basis. 

Moreover, investors can open as many fd as they wish. There is no upper limit. 

The longest tenure of fd on an average I have seen for five years; in some cases, it may even go for ten years. It entirely depends on the user. 

Moreover, having a self-analysis and competitor research is considered to be very important. Compare different bank fd rates and choose the fixed deposit investment plan as per your roles and goals.

Also, fd comes in different ranges like corporate fd, fd investment plan for senior citizens, regular fd, tax savings fd, and cumulative fd.

Moreover, making use of an online Fixed Deposit Rate Calculator can be, in turn, helpful. 

It is undoubtedly a universal human desire to generate and accumulate a lot of wealth. A starting point for many people is investing in the capital, which is available in existing asset classes. Nowadays, people are discarding the old ways to live and are incorporating new ways for the same and probably for the right reasons. Though wine is believed to improve with age, this does not hold significance over everything old. However, one can look towards the old with a newer perspective. As it is rightly said, winners don’t do different things; instead, they do it differently. One can apply the same principle to fixed deposits and look upon it in a different light.

Must Read: How to Shortlist the Best Loan Providers in India

Following are some of the common assumptions that are held against a fixed deposit:

Fixed deposits return much lower than other asset classes

The fixed deposit returns are capped; they are neither less nor more. In the case of other assets, class returns can be less and, at times, more as well. Thus, in fixed deposits, there is certainty regarding the redemption of principal and interest. 

The real returns are even lower for fixed deposit returns when adjusted for inflation

Almost all asset classes are affected by inflation unless the returns are benchmarked to an inflation index. Therefore, inflation-adjusted returns are lower. 

An individual can relook fixed deposits in the following ways:

Fixed deposits can take a role of cushion to take care or support the regular EMI payouts fully.

Fixed deposits can also serve as a function to meet specific life goals such as child marriage, child education, meeting unforeseen emergencies, and buying a house. Fixed deposits can act as a regular feed to other asset classes: debt or equity, which depends upon the relative market cycle so that an individual can buy them at a relatively lower cost. 

How can fixed deposits work effectively for an individual?

Judicious spreading of risk: It is advised to spread one’s fixed deposit investments across a pool of private corporations and banks. When an individual is deciding among the banks, one can look at a combination of private, well run cooperative and nationalized banks. When an individual is deciding about private corporate, he/she can invest in companies that have excellent credit ratings present in stable and progressive industries. 

A mix of multiple tenors: While investing in fixed deposits, one should look at a blend of tenors. This is because if an individual locks up in a fixed deposit for a particular tenor, then he/she foregoes opportunities for other class opportunities and interest rate revisions during that time. There is no such rule whether the tenor should be shorter or longer. It solely depends on the individual’s goals and ability to foresee investing opportunities that are going forward. 

Whether to compound interest or not: It is a general knowledge that if an individual compound his/her interest rates on a fixed deposit, then the effective yield is going to be higher than the not compounded interest rate. But, compounding takes away the opportunity to reinvest the regular interest at higher prices if further opportunities arise. 

Hiring a smart financial planner: If an individual is not passionate about investing, then it is advisable to hire a financial planner. For a minimal fee, an individual could quickly re-energize the investment portfolio. 

Summary:

With the advancement in technology, people are discarding the old methods and are adopting a newer perspective towards life. This fresher perspective can be applied to every aspect of life, and one such aspect is fixed deposits. One can rediscover fixed deposits with a newer outlook. Some common misconceptions surround fixed deposits. It is believed that fixed deposit returns are much lower when compared to the other asset classes. This is not entirely true. The fixed deposit returns are capped, whereas other asset class returns can be more or less. It is also believed that real yields are lower for fixed deposit returns when it is adjusted to inflation. Almost all asset classes are affected by inflation, and inflation-adjusted returns are much lower. Fixed deposit investments can be spread across banks and private corporations. An individual should also look up to a mix of the tenor. Since, if one is locked up into one tenor, he/she misses other class opportunities. An individual can also hire a smart financial planner if he/she does not know about investing. It is also confusing whether to compound interest or not. Compounding interest comes with both pros and cons. Compounding interest rates assure higher effective yield, but it also takes away the opportunity of reinvesting the regular benefit. 

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Do you ever face a situation where you are involved in an accident and need the assistance of a personal injury lawyer in London, but you avoid it? Did you not seek the counselling or guidance of them because of them being expensive and complicated? We all know the procedure of filing a case and the proceedings followed is stressful and worse. Also, they put a hole in your pocket. Seeing these complications, many individuals refuse to get the assistance of personal injury lawyers London UK. 

However, the best thing these days is that there are several firms working that will mitigate those fears right away. And getting the lawyers services has become an effortless task.

In this article, we are going to emphasise on the significance of personal injury lawyers and the role they can play in our life.

Provide better guidance and support

Accidents, misfortune and fatal incidents can happen anytime in your life that can result in severe injuries which makes it vital to get in touch with the personal injury lawyer for help. If you are not guilty, then you have the right to claim compensation. You don’t have to be hesitant in getting the service of lawyers if you are confident that it is not your fault. They can provide you with better guidance and support.

Legal assistance

There are several types of accidents that can happen, but there few of them on which you can get a claim. So it is better to get legal assistance before you do anything. Those accidents that are caused by cars and bikes are the most dangerous ones. An individual can lose his/her valuable part of the body because, in these accidents, physical injuries have a high probability to happen. Likewise, you will get hospitalised for a longer period of time that can also increase your financial sufferings.

Save on Financial Loss

When you are injured, you won’t be able to work, and this can become a financial burden. You have to bear the doctor fee and the entire treatment process related to it. Therefore, this makes it essential to get in touch with a personal injury lawyer. So that these issues can be lessened to a certain extent. It will be difficult for the person to handle all the financial loss and psychological suffering alone. If you are not at fault, then there are higher chances for you to get compensation for your personal injuries. 

Expertise and Experience

When you get help from the personal injury lawyers, you will get benefit from their experience and expertise in getting injury claim. A better and strong legal case should be put up in order to get high compensation. Usually, people think that they have to pay a very high fee to get the services of the injury lawyers. The main concern that increases the stress of the person is the fee of the lawyer go to waste if the case is not won. This is a genuine concern, but the authenticity of the legal advice can also not be neglected. However, you don’t have to worry about it if its not your fault. On the contrary, if it is your fault, then you should not think about any injury claim.

Road Accident Injuries can Be claimed

Road accident injuries can be easily claimed. If you are suffering an injury because of medical negligence, it can also be claimed. You shouldn’t be hesitant in getting injury claims as well. Injuries at work can also be claimed. And laws for these are considered to be very good if you have suffered due to the fault of someone else. By getting the lawyers assistance, you should not be worried about the legal rights and other issues associated with it. You will get rid of various problems with the assistance of personal injury lawyers as they will definitely make a better case in your favour.

So, in this case, a competent counselling is important in a personal injury case. In case you are currently suffering from an injury, or your close one then doesn’t think twice and look for a personal injury lawyer to be by your side in the quest for getting justice and benefit from the services that he offers you.

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You must have taken a loan from a bank and paid interest to them depending on the interest rate. Similarly, the repo rate is the rate of interest that any bank has to pay to the RBI when they borrow money from them. For example, if the existing repo rate is 6% and a bank borrows a sum of around Rs. 100 from RBI then that particular bank needs to pay Rs. 6 as interest. On the contrary, if banks deposit excess amounts of money with the apex banking body then the banks earn a reverse repo-rate which is normally 0.25% of the repo rate.

You must have watched several times on news channels or on newspapers that RBI has repo rate by so and so basis points. But have you ever wondered what exactly is this repo rate? Or how does it affect the common man and in turn the economy? This article will help you have a vivid idea on the consequences of repo rates on the economy.

Effects of repo rate on the economy 

Repo rate as we have basically seen from above is related between a bank and RBI. But how does it affect the economy? Here are the ways how it does:

• Inflation Rise: During inflation, RBI raises the repo rate to cut down on banks borrowing money from the top bank. Also, industries find it hard to borrow money which slows down investment and thereby money supply. This helps to combat inflation, controls the flow of money to the economy, thereby, affecting it negatively.
• EMI factor: EMI is the monthly installment that you need to pay to clear off your outstanding dues. Experts believe that the rate cut will lower the EMI on home and vehicle loans which in turn is expected to benefit the owners and boost the economy as a result.
• Corporate sector: Certain startups and MSME businesses take business loans to meet operational costs but they need to repay the loan off when they reach a certain volume. When the RBI cuts the repo rate, the debt repayment becomes easy reducing the burden on the corporate sector.
• Impact on FD Returns: A high repo rate augurs well for fixed depositors as the interest rate remains high but to cope with the pulls of economy, sometimes the RBI is forced to cut down the rates. This, in turn, reduces the rate on FD which impacts senior citizens the most.
• Liquidity regulation: The responsibility of the RBI is to keep the flow of money to the banks. But in case of a liquidity shortage, RBI lowers its repo rates to control this fund crunch and encourage banks to borrow and lend more, thereby, maintaining a constant flow of money in the banking sector.
• Agricultural part: The Indian economy relies heavily on the agriculture sector. Hence, a slight alteration in this sector can affect the economy to a great extent. Repo rate cut may hit farmers the hardest as the minimum support price of their products is expected to go up while a higher repo rate allows the agricultural sector and the overall economy to flourish.

Additional Reading:- Repo Rate Linked Home Loan

RBI keeps changing the repo rates to cope up with the pressures of the economy. Generally, the repo rate cut affects every sector of the economy. While some may grow, others may find it difficult as a result of this rate cut. RBI has to keep every sector in mind while altering the repo rate. Overall it can be said that the rate cut brings good news for borrowers while hitting new depositors. 

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Every credit card is subjected to interest rates. The interest rates are charged if you do not clear the full credit card balance or pay just the minimum amount due (MAD). Credit card interest rates generally range from 2.5% to 3.5% per month. However, this may vary for different issuers and card grades. Here are a few aspects that everyone should know about credit card interest rates.  

Calculation of Credit card interest rate

Generally, the credit card interest rates are calculated on a yearly basis and this is known as Annual Rate Percentage (APR). It charged on the balance for a year. However, the credit card issuer may charge on the outstanding dues per month through Monthly Rate Percentage (MPR). Every bank has its own system of calculating credit card interest rates using APR and MPR. The rates of APR and MPR also varies from bank to bank. In some cases, APR varies for credit cards from the same bank if the credit card grades are different. The interest rates for your credit card is also directly linked to your credit score.

Types of interest rates applicable for credit card

The two basic categories of credit card interest rate are fixed and variable rates. 

• Even though the name suggests it to be fixed-rate, this interest rate may still change under specific circumstances. But the bank must notify you about the change in interest rates beforehand. 
• Variable-rate is the interest rate that is followed by most credit cards. This interest rate is linked with an index rate (say, prime rate) and varies according to the change of the index rate.

Factors that influence credit card interest rates

Credit card, credit card interest rates, credit score and credit history are all inter-linked. Thus, there are certain factors that influence credit card interest and consequently the others.

• Paying only the minimum amount due (MAD)
• Missing monthly payment of credit card
• Paying less than the MAD
• Withdrawing cash advances
• Carrying forward the outstanding amount to the next billing cycle.

These activities can lead to a hike in your credit card interest rate. Moreover, if your credit score decreases due to some other reason such as delay in paying loans of EMI, application for new credits, etc., it can affect your credit card interest rate as well. Lower the credit score, higher is the increase in the Annual Rate Percentage (APR).

The most interesting part of credit cards is that you can avoid paying credit card interest. Every bank provides a free or grace period to its credit card users. This period starts from the day you used the credit card to make the purchase and ends on the due date assigned by the bank. If you clear the outstanding amount within that period, no credit card interest rate is levied on the amount.

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What is Microsoft Dynamics 365 for Finance and Operations?

Microsoft Dynamics 365 for Finance and Operation is a cloud based ERP solution. Previously it went by the name Microsoft Dynamics AX. Recently it has been boosted to yield better results in terms of scalability, reliability, digital intelligence and global visibility.

Why do you need Microsoft Dynamics partners?

You should know that Microsoft Dynamics 365 for Finance and Operations is not implemented or deployed by its developers. It is the Microsoft Dynamics 365 partners who provide these benefits along with transforming your business with the help of expert consultancies and speedy service. In the next segment we will discuss the services that a dedicated Dynamics 365 for Operations partner provides:

1. Guidance and consultancy: whether you are new in the industry or an experienced company, you can always use some expert advice in terms of expanding your business. Microsoft Dynamics 365 partners can help you grab new opportunities, comprehend latest trends and utilize the in-built tools of the ERP solution to their best.
2. Implementation expertise: when it comes to the functionalities of Microsoft Dynamics for Finance and Operations, they need to be sorted and implement in a smart way to benefit a company or organization. Dynamics 365 for Operations partners analyze the client company as well as the tools of Dynamics 365 to offer you an effective perspective on the best way to use them.
3. Integration assistance: it is true that with Microsoft Dynamics AX’s upgrade to Microsoft Dynamics 365 for Finance and operations, the integrating capabilities of the ERP solution has improved considerably. However, along with the applications of Microsoft platform, you might need to integrate with external applications as well. The implementation partners will help you run these integrations smoothly.
4. Support services: a dedicated Microsoft Dynamics 365 Operation partner will provide their clients with a skillful and dedicated support team. They will assist you can guide you through the entire implementation process. They not only support you before you go live, but also monitor the system for 24 hours post go-live and resolve any issue that may occur during the initial hours.

Thus, it is very clear that the Microsoft Dynamics 365 partners are the ultimate service providers who are responsible for a convenient and smooth implementation experience. Not only that, they are also equipped with the ability to conduct upgrades. While you may argue that developers themselves can conduct the process, it is undeniable that they are the assets of your company and should only be concerned with the business processes.

It is therefore, in your best interest to hire an efficient and reputed implementation partner who can support you build your ERP system with Microsoft Dynamics 365 for Operation and Financial.

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Cannabis industries have their own set of rules, and these rules may vary from country to country. Getting into a business of cannabis is not an easy deal. You have to be more conscious towards following rules and regulation in comparison to ordinary business. Marijuana bookkeepers are trained professional who will introduce you with all the legal formalities, bookkeeping, and account related things in details. Also, you will receive complete assistance throughout the terms related to marijuana bookkeeping. Appropriate accounting and bookkeeping practices into your business’s operations increase its financial transparency and accountability. Let’s know about the top benefits of working with a professional marijuana bookkeeper and CPA:

A profession marijuana bookkeeper can help you with financial compliances:

Appropriate actions with internal revenue code 280E require marijuana touching businesses follow strict limitation when reporting taxable income. These actions required throughout the year and incorporated into the overall accounting process. Applying 280 E helps in income tax deduction during various expenses that cause due to the buying and selling Marijuana products.

A profession marijuana bookkeeper provides cost and time saving:  

An experienced marijuana bookkeeper has an entirely different standard to work in comparison to a certified public accountant that doesn’t have any idea of the cannabis industry. Startups usually hire the accountant for part-time or during the time of audits. However, well establish cannabis industries hire an experience marijuana bookkeeper for full time. Companies need them throughout the term for various audits, bookkeeping, detailed chart of accounts, cost allocation method etc. Also, hiring an efficient bookkeeper help in increasing the production as chances of making a financial mistake would be least.

Experience marijuana bookkeeper ensures about account information for financial analysis:

A lot of financial discussions happen in everyday life within a workplace to keep moving with specific benefits. However, these discussions revolve around financial consideration. A business must evaluate which products are profitable and which are not. Which are commonly liked by the consumers and which are helpful in business expansions? All these decisions required sheer knowledge of financial decision making. Cannabis business looks lucrative at times, and people get into this business to know the standard and minute things. However, the first important thing comes into the consideration is to know about the financial standard. Profession bookkeeper, CPA, and industry accounting expert help you to know that business financial information is complete. There are experience account firms which help to know the cannabis business-standard. Profession marijuana bookkeeper understands the special purpose of bookkeeping, cost accounting, tax compliances, internal control and cannabis industry standard. Certified bookkeeping firms listen to your requirement carefully and understand your operational business process. After this, bookkeeper offers the relevant and lucrative services that would help you to ensure your business has reliable accounting information ready for review and decision making.

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QuickBooks error 15241 are errors related to QuickBooks Payroll characteristic which stops the QuickBooks computer software program to install updates nicely. It may generally occur due to the report copy carrier of QuickBooks computer software program being disabled.

The QuickBooks Payroll software allows commercial enterprise owners, accountants, and bookkeepers to address their business payroll processes without much hassle and limited errors. Less manual interference results inside the simplest confined scope of error that too most effective if the initial input quantity and statistics are inaccurate.

Error code 15241 is resulted because of a selected carrier being disabled referred to as document reproduction service that is imperative for the clean operating of QuickBooks computer software.

Read More: Quickbooks component repair tool

Steps to resolve QuickBooks error 15241

For customers having windows 10, windows eight, home windows 7 and home windows Vista:

• Near the QuickBooks laptop software program.
• Visit the taskbar, select the windows to begin button, right-click the mouse on pc option and then click on manipulate.
• Home windows 10 operating device – visit the quest tab at the taskbar and look for a pc on it. Then right-click the mouse at the This pc choice and select the manage tab.
• In the new screen, on the left facet choose services and applications alternative.
• Now you may see services option on the right facet of the offerings and applications window. Double click on your mouse on it.
• Now spotlight Intuit QuickBooks FCS choice and again double click on it.
• Now click on the overall tab and then similarly on Startup kind alternative’s drop-down arrow after which at the guide tab.
• Now click on the follow button.
• Choose the start option and then good enough.
• Then open the QuickBooks desktop software.
• Once more download the updates released for the version.
• Then replace payroll tax tables.

For Windows XP operating software program:

• First, close the QuickBooks computer software.
• Go to a laptop, then right-click the mouse on My computers and similarly pick out to manage alternative, as a way to open pc management display screen.
• Inside the new display screen search for offerings and applications and then click on it. In this display screen go to offerings option and open it by way of clicking on it.
• Within the offerings, Window passes down the display screen and look for Intuit QuickBooks FCS carrier and double click on it. This may result in the outlet of the Intuit QuickBooks File Doctor.
• In this new window opt for the general tab, the pick drop-down arrow of Startup type alternative and then click on guide alternative.
• Now click on at the ok button.
• Restart your QuickBooks computer software and download the model updates released to your QuickBooks software.
• Now you may without difficulty update the payroll tax tables.

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Are you able to manage personal expenses? Do you know what is personal finance? 

Managing an expense or money or spending is not an easy thing to do. Personal finance is a term that covers your spending and saving money. Personal finance includes budgeting, investment, tax, etc. It is all about meeting personal financial goals whether its short term financial needs or long term. It depends on your income and expenses.

What is Personal Finance Tracking? In simple words, personal finance tracking is the management of money by controlling your expenses and spendings. These is a best way of money management.

takefin.org/tracking-expenses

Personal finance skills are important in everyone’s life. Without these skills, a person usually spends money more than the income, always in debt and never able to take the financial decisions. The benefits of personal finance are it helps to understand your earning and spending.

It’s never been easy to manage personal finance, for that some apps are available for android and iOS. The personal finance apps can connect with your bank account and helps you keep up to date with your spending. Some of the personal-finance control apps provide different features like due dates, email reminders, wallets, etc. for managing your expenses or finance.

How do You Manage Personal Finance?

Managing personal finance is not a big task. You can manage your finance in the following ways.

1. First, check your financial situation. By checking the situation and getting a clear picture it is possible to place a budget on the financial situation. It includes money in bank accounts, mutual funds, retirement account, pension, investments, etc.
2. After checking the financial situation, create a budget. It is a plan to used to track the income and spendings. This is the best way to manage financial priorities like savings, investments, managing debt, etc. Creating and managing a budget is easy with the apps like Takefin Finance Tracker App, Mint.com, etc.
3. The most important part of managing personal finance is paying a tax on time. Paying the tax on time or by the deadline will avoid the costly penalties.
4. Manage your debt or control it, is also important while managing personal finance. Most people have some debts like car loans, home loans with interest. If the debts are not paid on time then it can lead to disastrous consequences.
5. Remove unnecessary expenses whenever you see the opportunity to save money especially if something that does not affect your life.
6. Create an emergency fund and be prepared for upcoming emergencies in the future. It is also the most important part of managing healthy personal finance. An emergency fund is important in every type of budget, in case if you lose your job or unexpected thing happened to you and unfortunately, expense arises then this is when you should tap into.
7. Use any tool or personal finance app to uncomplicate your finance. There are free apps are available for smartphones that will show you ways to manage the money and track your expenses.

Steps to Control Your Personal Expenses

There are following ways to control your expenses such as: 

1. The best way to control the expense is to handle your spending and know where your money goes.
2. Set the limits on how much you can spend in a month on your needs and wants. It helps you how you think about budgeting.
3. To control the expenses you need to understand where your money is going. For all this, you have to write down or make a list.
   • Your monthly income 
   • Your rent and insurance or downpayments
   • Your extra spending (entertainment, clubbing)
4. Identify and trim the expenses. Some of your expenses are necessary and some are fixed. Try to cut the unwanted expenses and start saving.
5. Eliminate the invisible costs like subscription, gym membership, high credit card rates.

Finance Tracking App to Control Expenses?

Everyone wants to improve their ways to manage their personal finance. Personal finance includes budgeting, investment, tax, etc. For all this, you need an app that lets you know about the budgeting method or reminds you when your bank balance running low. Here is the best app for tracking expenses and these apps are available for both Android and iOS devices.

Takefin Finance and Expense Tracker App

Takefin is the solution to your financial management needs. Takefin provides you the best Personal & Business Expenses Tracking App. This Smart Finance Tracker App allows you to add, track, and monitor finance for small business enterprises and individuals effortlessly.

Takefin Expenses Tracker App allows an individual, as well as small businesses for quick analysis and tracks, expenses more effectively. The periodical data comparison will give you a deep insight for better decision making for your business growth. It is the best expenses android app to track, analyze and output the best insights to control finance. you can take a personal loan in Pune to cover your expenses.

This Finance Tracker is a smart app that tracks your expenses and manages the financial records with ease. This finance tracker app allows you to track, add, and monitor your every expense. This budget app helps you to convert the financial data into digital records. Add any type of expenses and categories them, it will calculate the data. This app is ideal for both household or personal finance tracking and business tracking too.

The post How Personal Finance App Helps to Control Your Expenses appeared first on Today News Spot.

If you’re new QuickBooks or accounting generally, there are bound procedures you’re about to wish to understand the way to perform. These tips for QuickBooks and accounting can lay down the inspiration for a very tight accounting system and if you will face any kind of difficulty to use these procedures you can get help from Quickbooks support team.

Read more: if you want to more about bookkeeping to growth for accounting software

Some Important Procedure

1. Reconcile QuickBooks Accounts 

This is ideal on the list for a reason: it’s the foremost necessary task. adaptive your accounts are that the sole thanks to apprehending that every one of your transactions is recorded. make certain to reconcile all of your accounts, not simply bank accounts. 

Any account that you just receive an announcement for that incorporates a starting and ending balance is reconciled. This includes bank accounts, credit cards, loans, and lines of credit.

2. Back-Up QuickBooks

It appears straightforward however several users don’t duplicate QuickBooks. an easy backup will save countless stress and headaches down the road. you must additionally check up on automatic backups of your QuickBooks file. 

If you employ QuickBooks online, your knowledge is usually secure and secured since it’s a cloud-based program. 

3. Print Checks From QuickBooks – 

Printing checks from QuickBooks will increase efficiency by reducing redundant knowledge entry. it’ll additionally create your monthly reconciliations go abundant power tool. 

4. Enter and Pay Bills In QuickBooks 

Coming into bills and paying bills directly through QuickBooks can assist you to manage your accounts owed. once you pay bills, you must either print your checks or use online bill payment joined to QuickBooks.

5. Customize Your QuickBooks Icon Bar 

Customizing the QuickBooks icon bar boosts the potency by keeping your favorite and most typically used functions simply accessible. 

6. started 1099 Vendors  

it’s vital to know a way to start 1099 freelance contractors in QuickBooks. Having 1099 vendors started properly in QuickBooks from the start can prevent heaps of your time come back year-end. 

7. Use raise My comptroller In QuickBooks 

The QuickBooks raise My comptroller feature could be an excellent spot to place queries moreover as transactions that you simply wish to analyze. you wish to create guaranteed to review and properly code all transactions during this account before filing your taxes. 

8. understand QuickBooks’ Undeposited Funds 

The QuickBooks undeposited funds account offers several users bother. you wish to consider the undeposited funds account as those client payments that area unit recorded in your QuickBooks file, however, don’t seem to be however deposited within the bank. 

9. Use the QuickBooks accounting software for Memorized Transactions 

QuickBooks memorized a transaction is an amazing tool. you’ll be able to use memorized transactions to mechanically enter any bill, check payment, invoice, or journal entry that frequently reoccurs. victimization memorized transactions will extremely assist you to urge a handle on income by posting future transactions before they occur.

10. Record A Journal ledger Entry In QuickBooks 

Can need to understand the way to record a journal entry in QuickBooks because the need will arise at some purpose. 

11. Learn QuickBooks Online Banking 

QuickBooks online banking permits you to simply transfer transactions from your money establishments into QuickBooks. 

12. found out totally different QuickBooks Users 

You would like to line up different QuickBooks users if you have got multiple users to whom you would like to offer varying levels of access. this is often an honest thanks to management that users have access to bound areas of QuickBooks.

13. familiarize Yourself With The Chart Of Accounts 

You should gain proficiency with the best approach to utilize the QuickBooks graph of records. Realizing the best approach to include and sort out new records in QuickBooks is significant. you should perceive the varieties between the record sorts and the best approach to choose the correct sort.

14. set up Invoices For online Payment 

You’ll found out the choice to permit your customers to pay QuickBooks invoices online via ACH bank transfer. a little fee of $0.50 per group action makes it terribly cheap. 

15. Link email to QuickBooks 

You’ll link Outlook to QuickBooks, which makes emailing invoices and reports each straightforward and economical. you’ll also link Gmail to QuickBooks, similarly as Yahoo and bound different email programs.

16. Merge Accounts In QuickBooks

 You’ll merge accounts in QuickBooks that are redundant or needless. you’ll also merge vendors, items, employees, and customers. 

17. Edit QuickBooks Preferences 

Redaction the QuickBooks preferences will build things rather more economical. dynamic your preferences permit you to tailor QuickBooks additional toward your wants.

18. Properly Record Outsourced Payroll 

It’s necessary to properly record your outsourced payroll in QuickBooks. If you do not handle your payroll transactions properly, you’ll overstate or understate your expenses and profit.

If you decide to use QuickBooks online, the documented article could be a nice resource for learning tasks quickly.

These are just a few basic QuickBooks and accountancy procedures that I feel you must recognize. For specific queries on something listed or unlisted here, please feel free to achieve out! we’d like to answer your queries.

The post Some Important QuickBooks & Bookkeeping Procedures You Need To Learn appeared first on Today News Spot.

In today’s time, where people live an independent life and their bucket list has additional time with passing time. A person extra efforts when he or she has to pay some debt which is because of purchasing some expensive stuff like a car or building a house. Some take debt for effective education. When a person wants to get admission into a reputed institute for quality education, a good amount of money is required.

Good Debts:

The loan applies to meet the requirement of education, home, and Gold considered as good debt because these debts are tax deductibles.

To understand more about good debts, we can say taking loans for investing in profitable stuff like home will increase its worth in future and you will get benefited. Same with the education, when you acquire quality education, chances are high to get reputed jobs with an impressive salary. So, investing in quality education will also give lifetime benefits.

Consulting with a Manhattan CPA before getting into any debt will certainly be helpful. A certified public accountant peruses quality experience in the field of accountancy which includes various types of debt also.

Bad Debts: 

Unlike good debts, bad debts don’t have the potential to increase a person’s income in future. When an investment is made for depreciating assets like cars, debts considered as bad debts. A wise person never takes a debt for the depreciating asset. Also, it is necessary to get an idea about all your expenses before actually getting into the debt.

Assets like car are considered as depreciating asset. However, people who are car lover are ready to get down in the burden of bad debts. It has been said that the cost of the car gets half ones it’s coming out from the storeroom when the purchase is made. Is it wise to take a huge loan for an item which is not worth even half of its price after a few minutes of sell? Investing in such asset is not a wise idea indeed.

Designer branded clothes also sold on the double of its actual price. Some people take debts for luxury clothes and additionally they buy fast foods, grocery and gasoline to get spent a nice vacation or time with all the stuff.

Debts carried out through the credit cards are often resulting as a higher rate of interest than an ordinary loan. So, it comes first in the list of bad debts and often leaves people devastated while paying the loan instalments because credit interest applied a huge interest rate.

Applying and receiving the loan amount is not an unwise idea. However, where to invest in some time that needs proper planning and research. Talking to an experienced Manhattan CPA is absolutely a positive move. A qualified and experienced CPA can council you about the result of your investment, and that would guide you take an appropriate step further.

The post Classified Some Items as Good Debts and Bad Debts appeared first on Today News Spot.

As a world popular accounting tool, QuickBooks gives the most marvelous assist to accountants and small business owners. Despite being a convenient accounting app, it shows a few problems. One of the maximum unique ones is QuickBooks Error 1722.

It is a challenge that takes place when the user is trying to shut or start windows. In this blog, we will help you eliminate this problem in a brief manner. Besides that, we will also explain the motives at the back of its occurrence so you can prevent it further. If you not solve this problem then you can contact QuickBoooks online Support.

As pinnacle provider providers, we understand the importance of early error identification and resolution. Customers can hook up with us any time even when related problems like – QuickBooks POS Error 176109, begin bothering them.

Indicators of QuickBooks Error 1722

Every QB users ought to recognize that Error 1722 usually takes place when a particular QB associated software is going for walks or in the course of the installation manner of a related program. Then Read mare:- Manage Business Expense Records

Here a number of the warning signs related to the issue. Checking them will ensure which you recognize about the hassle beforehand, the next time it occurs again.

• The window will crack and QuickBooks Error code 1722 will seem at the screen
• The PC will crash down or freeze and not allow you to keep on your work.
• The windows system starts jogging sluggishly.
• The pc stops responding to keyboard and mouse commands.
• The issue will appear all at once while setting out Windows or shutting it down.

Chief Causes of QuickBooks Error 1722

You need to realize that the QuickBooks Error Code 1722 is not a hassle that may be constant easily. In fact, there are a few causes related to it. They are: –

• The download of the program/application has long past corrupt.
• The unfinished download of the QB accounting app.
• And windows is corrupted and that is starting to the problem.
• The home windows system files are not working because of interruption from viruses or malware.
• The user or a person else deleted a QB associated document by way of mistake or because of an ulterior motive.

Points to Fix QuickBooks Error 1722

We want our users to move read all the steps correctly and make this a part to not skip anything. Here are two of the only strategies that let you cast off QuickBooks Error code 1722.

Technique 1: New download of QuickBooks

• Now open the Run window, fast type appwiz. Cpl, and then utilize the OK key.
• Look for your version of the software program and uninstall it immediately.
• This will begin with the un-installation of the app.
• Immediately, start anew and install QB again.
• After the system absolutely finishes, you want to restart your pc system.
• As a user, now you have to repair the Microsoft.net framework. For that, you ought to close all of the other jogging applications first.
• Now, actually download the repair component tool or QuickBooks Diagnostic Tool.
• You can restart as soon as the downloading progress ends.

Technique 2: Install the Repair Device

• If you are aware of the QB place, locate the ‘Select File’ button and click on it.
• If with the aid of chance, you don’t understand the location, just select the Search Files option.
• Now, you need to experiment with the chosen file by way of clicking on the ‘Scan File’ button.
• And you can view the preview of the scanned element by clicking on the ‘Company’ button.
• You can also as well; click on the ‘Customer’ option on the way to check records related to your clients and ‘Vendor’ option to view vendor-related records.
• Then there’s additionally an ‘Employees’ button that lets you take a look at all of the employee-related statistics.
• After all, that, use the Repair button and while the ‘Save as’ communicate field appears, pick out a place of your choice.
• Now start the resolving, and wait till the ‘repair system is finished’ looks.
• In the end, click on OK and near the window.
• The QuickBooks Error 1722 will no longer display on your machine now.

Conclusion

We hope one among the techniques labored for you and also you were capable of calm down the hassle of QuickBooks Error code 1722. The aim of our squad is to make sure that customers are capable of view employees, vendors, and customer-related facts easily.

If by using any chance, the trouble still appears to occur; kindly contact our team of experts. We want you to have a bug-free experience, so we’ll strive our greatest to remedy any sort of issue which you are facing. Our experts are to be had through stay chat and phone.

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Once an old man said, “A life of lavishness sounds pleasant, but ‘generational wealth’ sounds better.” 

The above line shows the importance of having generational wealth. If you do not have an idea about this term, then read further to know more about it. 

Generational Wealth 

It is a wealth that passes from one generation to another. This affluence could be present in the form of land or cash. No fixed amount can help you to get in the generational wealth category. 

For instance, 

If your parents earn £ 1m annually and they saved half of it every year, then the remaining half could be generational wealth. The money they saved or the property they bought would be transferred to your name. 

There are many things that people don’t know about generational wealth. We have discussed them in this blog. 

Let’s get execute. 

Using the generational wealth in the wrong way

People generally consider this wealth as a backup plan. When they met with some unexpected cost, they prefer to use wealth to manage the situation. This tactic may sound satisfying, but managing the circumstances with this method can be left you with long term financial pain. 

Many such scenarios occur where you may need instant funds, but exhausting wealth is not the right choice. There are several methods through which you can cope-up with such situation. You can go for any of the options mentioned below:

• Saving money method: No matter how wealthy you are, saving money should be the topmost priority. You can use them to get rid of the financial problem fast. 

• Loans: It may happen that for a reason, you fail to save money or you are not able to meet the demands, then the loan may help you. You can approach direct lenders in the UK that offer quick funding options, like doorstep loans like provident. 

These methods may help you to solve money issues without leaving you to face long term money problems. 

Unaware of the Generation Wealth Management

If you have something, then you should know about the management techniques. It is vital to understand how to use the wealth that your previous generation left for you. If you don’t know how to use them, then read the below-mentioned points. 

It is a human nature that we follow the path where we can get the fast solution. It may be right to some level but not every time. It is easy to spend wealth, but it could take years to generate it. 

Whenever you assist yourself with previous family’s money, think twice. If you find that using it can help you a lot, then go for it otherwise ignore it. 

You might be unaware of the ways your ancestor earns money. They must try many ideas and business to live a financially stable life. If you are not known to those techniques, then you might fail to manage the money you have. 

In such a situation, you have to ready in advance. It means you have to earn a legacy. What is the legacy? Right? Ok, let’s us tell you the true meaning of legacy. 

The legacy includes things, such as:

• Passing on money 

• Knowledge 

• Family mission 

• Values 

• Tradition 

• Memories 

These are the six subcategories of legacy. If you know them, then congratulation you can better manage your money. If not, then approach your family member and learn about them. 

There are many examples in which millionaire turn their wealth into billion. It shows that living a life with free of financial difficulties needs proper money management. If you have a definite plan through which you can double the saved money, then go for it. 

The best way to test the idea is to start small. If you have low wealth and unemployed, then you can help yourself to ask your friends or family or choosing an option like loans for people on benefits. 

Managing perpetual wealth requires a lot of efforts. At the high level it may seem unusual but to retain it and use it properly needs planning. You need traits like leadership. If your ancestor left millions of pounds, then you must use them properly. 

Here, leadership does not mean that you are above everything. You must have the attitude mentioned below: 

• Learning 

• Growing 

• Serving 

• Nurturing  

Always follow them; you will develop good leadership quality and skills. 

These are the essential things that you should know about generational wealth. Follow them rigidly and utilise the existing money properly to build a secure money life. It may be challenging, but with working on yourself, you will understand every aspect of it. 

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India’s household debt reached approximately Rs. 6.74 Lakh Crore in 2017-18. Such debt is inclusive of consumer debt as well as various types of mortgage loan available in the country. Such loans are extended against a collateral property, and may or may not have end-usage restrictions. Multiple types of credits are extended under this umbrella. These credits are tailor-made to suit the requirements of an individual.

Mortgage loans can be classified into different categories based on the use of funds availed, as well as interest rates levied. Nonetheless, such advances are usually procured to finance high value of expenses of all types respectively.

# Mortgage Loan Types – Based On End User Restrictions 

• Home Loans

Such advances are available to purchase, construct or renovate a house. The property purchased or being constructed itself acts as the collateral guarantee.

Nonetheless, home mortgage loan have associated end-use restrictions, wherein the entire advance is directly credited to the seller’s account instead of the borrower. 

• Loan Against Property (LAP)

A loan against property is different from a home loan in terms of its usage. While home loans are acquired to purchase or construct a new home, loans against property are extended by keeping an existing house as collateral.

An individual can obtain credits against this umbrella against a lien mark on an existing house in his/her name. Advances received can be used to finance high-value funding requirements, such as higher education, travelling, marriage, business-related expenses, etc. as no end-use restrictions are levied on such credits. 

• Reverse Mortgage

Such a mortgage loan is usually extended to senior citizens who don’t have a steady source of income. Periodic EMI payments, against the collateral property, are credited in the accounts of borrowers in case of such advances. These unsecured advances are used to fund the day-to-day requirements of an elderly individual, and hence, have no associated end-usage limitations.

Upon the death of the borrower, the collateral property is usually sold off by the lending financial institution to recover expenses. In case of appreciation of property value, the excess amount generated from profits are returned to the immediate family of the deceased. 

• Commercial Loan Against Property

Such mortgage loans are only extended to individuals looking to purchase real estate to fulfil their commercial requirements. Applicants seeking to start or expand their business can opt for such loans to secure proper space for corporate requirements.

# Mortgage Loan Interest Rates

Interest rates levied on such advances are relatively lower than the cost of borrowing unsecured loans. The collateral property dilutes the risk factor assumed by financial institutions while lending such credit, thereby accounting for the lower rates.

Nevertheless, individuals can avail a loan against property against either fixed or floating interest rates. While fixed rates provide the benefits of apt financial planning beforehand, floating interest rates allow individuals to reduce the total value of EMIs in case of a dip in the market interest rate.

Must Read: Loan Against Property Interest Rates

Therefore, while comparing floating interest rates v/s fixed the interest rate – which is a better option for LAP, it is essential to determine the average financial burden of the same. Nonetheless, since loan against property is a high-value credit, any increase the overall interest rates might have an adverse effect on the financial standing of a borrower.

Individuals might find it beneficial to opt for such loans against fixed interest rates and opt for balance transfer feature if the interest rates fall. Premier financial institutions provide such facilities on mortgage loans.

They also bring pre-approved offers that make availing loans quick and easy. Pre-approved offers are available on numerous types of credits such as secured home loans, loans against property, as well as unsecured loans like business loans, personal loans, etc. You can take a look at your pre-approved offer by sharing your name and phone number.

Loan against property comes with the flexible tenor as well, allowing individuals to determine their EMI burden as per income and FOIR. You can opt for lower EMIs and repay your debt for an extended period, or vice-versa. The main benefit of such advances is that it caters to various kinds of needs of borrowers, with high-value funds being disbursed to eligible applicants.

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Employers have been using annual performance appraisal as a tool for grading, ranking and measuring employee performance. These are the very basis for promotional decisions and bonus dole-outs. However, making a mistake can prove costly to the morale of the employee. Although formal appraisal training for managers is a must, here is how to avoid them:

1-Bias

Mangers may get biased and that too unknowingly. It is the one thing that you must avoid. Try to do your best to avoid personal biases while conducting the performance appraisals. There is no place for any intentional bias against any worker, gender, the race of the personal style. So, ensure that even unconscious bias should not derail the growth of the organization and affect the morale of the employee.

2-Getting to Extreme

Are you a manager who gets uneasy while giving the feedback? Do you omit even to provide constructive feedback to the employees about the areas of improvement? Then are other managers who leave an employee is a doubtful state about its capabilities.

As a manager, you should give them honest feedback and opinion during the appraisal. Will, you not like the employees to appreciate what you are saying about their performance? Instead of being too positive or negative, think about giving suitable feedback.

3-Not Discussing Pay and Performance

Can you imagine an appraisal without any discussion about the pay? Managers should go prepared to make the discussion about the payment with the employee. So, if you are employing pay for performance, you should be clear about the parameters and process about it. Well, many organizations don’t discuss compensation and goal-setting at the same time. In this way, they want to ensure that the entire process is not affected.

4-Considering the Most Recent Behavior

When you are evaluating the performance of an employee, you should consider it over the whole duration of the fiscal year. So it is better to maintain a continuous list or file of the employees’ performance. It will give you a fair idea of how he has performed and what were the primary reasons behind the success or failure.

5-Considering Non-Job Related Factors

Do you consider factors like physical appearance, social status or race, etc. while assessing the performance? Bear in mind, any factor that is not related to the performance appraisal should not the process or the pay in any way.

6-Let Halo Effect Play the Part

Do you allow a particular trait of an employee to affect the performance review or taint the entire appraisal? To dissipate this effect, it is advisable to develop an employee performance evaluation grid. It allows you to rate the observable traits and the measurable facts won’t leave any scope for misinterpretation.

Finally,

These are a few mistakes that the manager musts avoid. To know more, you should attend the appraisal training for managers. It will impart the practical skills that will help you impartially conduct appraisals.

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QuickBooks is a high-quality accounting software for small and large groups to successfully keep their organization facts. However, now and again users might also face a few errors. is considered one of them. QuickBooks Error 61 appears when you try and print, update, release, deploy, download, delete, uninstall, and if any corruptions and malfunctioning of hardware occur.

Quickbooks Software provides the tax and audit features for doing the accounting tasks of the company.

Reasons behind this QuickBooks Error Code 61

This can be a reason for attack or virus assault on the QuickBooks Software.

If you are going through the failure of strength that resulted in harm on your QuickBooks application.

• The QB organization record which you have been handling is corrupted.
• In case you trying to get the right of entry to the QuickBooks business enterprise report, it is not saved within the neighborhood tough power.
• In case the QuickBooks system faces a glitch and find the error in the programs.

Solution For QuickBooks Error Code 61

Solution 1: Rebuild Your QuickBooks facts

• Go to the file and then flow to the Rebuild records in the ‘Utilities’ choice.
• You could get a pop-up message at the display which asks you in case you want a backup of the information. Then click on the ok button.
• Now, wait for the whole process to get finished.
• Then you will see any other window which is saying the Rebuild company data files of facts is finished. Then click at the adequate button.

Solution 2: Re-type the chart of money owed listing

• Click on at the QuickBooks menu then visit the charts of debts.
• The Area the checkmark on ‘include Inactive’ checkbox that is proven at the lowest of your display.
• In the menu bar option, click on the view button and then select the Re-sort list of the files.
• A pop-up message says ‘make certain you need to go back the listing into its authentic layout will appear. Now click on at the adequate button.
• Then, verify the QuickBooks organization record all over again.
• In case the error nonetheless occurs, then proceed to the subsequent technique.
• Make a new account and the harmed account ought to be merged in it.
• In an effort to confirm the error is resolved, take a look at as soon as if you are capable of getting admission to the corporation file.

To resolve the Quickbooks Error you can take the help of the Quickbooks Database Server Manager, Quickbooks File Doctor, Quickbooks diagnostic tool, Quickbooks abort error and, etc. Using these tools you can easily fix the Quickbooks Error Code and use it properly. To take the more information about the Quickbooks Software and this error codes you can get help from the Quickbooks Support and take the instant help of the problem. It provides the instant support of any Quickbooks related information.

 Solution 3: Re-picture Repair Device

• Down load the re-photograph repair device and keep the enterprise file on the desktop.
• Whilst downloading, open the area of the company file after which tap or double-click on it. After that, the installation system will begin and the error is fixed.
• Once that is performed, the consumer account manipulates will ask you in case you want to run this system, then click on on the adequate button.
• It’ll demonstrate a pop-up message that has come about at the display.
• Then click on at the deploy button with the intention to run the installation technique, depart the container unmarked to allow the repair tool to run.
• Then, reimage could be downloaded on the laptop; the network connection could be needed at the same time as the program will download the basic updates.
• While the technique is finished, it’s going to show you in case a restore is required, after which click on the begin repair button that appears on the proper-hand side of your window.
• Now reboot the computer so as to complete the manner.
• Resolution four: update the QuickBooks to the brand new release
• Go to the QuickBooks and open it.
• Press F2 or CTRL+1 at the keyboard
• Now, click on at the product information
• Locate the new edition.
• If there may be any to be had update then replace it.

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Introduction:-

A healthy lifestyle comes from a healthy diet. It only helps us to stay fit but also provides enough nutrition to stay active for a longer period. But as our life is getting busier, we do not have much time to make ourselves a healthy food item for our every intake. To ease people, many new restaurants are emerging into the industry. Their beautiful luxury Catalog Boxes immediately helps to attract customers. They are also known as the first information provider. They are accommodating both their users and their manufacturers. As customers use them to gain basic information about the eatery. And their manufacturers use them to eliminate the extra time to basic info to others. Nowadays, clients are pretty much attracted to the enhanced display items. Many businesses are using them to increase their productivity. Cafeterias can also utilize this idea to be more efficient and effective in their business. Following are the four gorgeous design for leaflets that you can implement to strike your businesses: This are the most important small business tool.

A booklet

The basic information provider that always has been helpful to deliver the basics is to make a pamphlet in a book form. It is a book-shaped article, that has multiple pages as per requirement. You can use the Magazine boxes to keep them secure in a respective direction. You can use different graphics to make it eye-catching for their users. For example, you can use different angles for the images to further enhance their visuals. You can also use different textures to illustrate different items imprinted on it. You can make it more interesting by cutting its corners to make an unusual shape. You do not have to keep it like an accurate book-shaped, rather you can make it all the different types of shapes. For instance, circle, hexagon, pentagon, etc. There is no limit to choose a definite shape for their making.

Folded Cover

The most interesting proposal for restaurant businesses is to make a creased flyer. You can use different types of creases to not only beautify its appearance but it can also further engaged the customers to gain further information. For this purpose, you do not require to have multiple pages to make the. You can use a single page, and fold it in a way that you can multiple flaps. You can bend the given page from both ends towards its center. In this way, you can amend the shape as per your requirements. In simple words, you can either use the logo’s first letter, a symbol, or a sign to give it association to them. This will also reduce the writing space on the page, as you do not have to specially introduce your brand name. The inventory boxes can also facilitate the cause, as you can use them as a promotional tool. You can simply watermark your company’s name on them and they will increase your awareness throughout the whole supply chain process. You can practice different angle cuts for different folding to create an interesting cut-design.

Geographic shape cuts 

Creativity has always lead to outstanding ideas. It allows you to express yourself through demonstrations. You can apply this technique to invent a new and unique scheme. You can use the techniques of die-cuts onto your leaflets to make them more prominent and indifferent from others. You can use small windows in the Magazine packaging, to reflect a portion of information. In this way, you can create curiosity for your users to read the complete editorial. You can use catchy lines or pictures behind the design to capture the interest in its first encounter with the clients.

Stretched out

The most simple and easy strategy is to make a long-drawn-out catalog. Although it is simple, it has always helped to excite the customers. By adding multiple layers to the flyer you can increase the enthusiasm for its readers. The appealing fact about this scheme is that you can add as much information as you want without dropping the attention. All sides could be utilized to either write or to reveal a pictorial effect. You can further beautify their presentation by making related luxury rigid boxes. This way, you can secure their designated areas as well for their demonstration. For the containers, you can outline it with different types of cuisines items to provide them more association.

Conclusion

As people are heading towards the restaurants to facilitate their work routine, their increase in the competition also started emerging. The exclusive packing designs have worked wonders for all the industries. You can also take advantage of them to make yourself noticeable to your clients. In case, you do not have much time to manufacture the catalog designs, you can take benefits from many e-stores websites. They provide a complete collection of different designs as per your requirements. They also offer a variety of diverse shapes and sizes. Or you can also create your distinctive design by using their free designing services. They provide a wide range of previously designed template which you can modify as per your wish. Another advantage of ordering them online is that they offer free shipping and transportation for their bulk orders.

Read more-

QuickBooks Support

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QuickBooks error 6189 is a run time error that frequently occurs at the time of installing QuickBooks or a company file. This error illustrates that the company file which you need to access is not available. If you nat still your problem then you can contact QuickBooks Support phone number.

Measure Cause Of QuickBooks Error 6189

QuickBooks errors Code 6189 is caused when you will not be able to open the QuickBooks company file.

• There may be a few problems with the multi-user network.
• QB user is making an attempt to access a file, that’s being used by some different software or user.
• There is an encryption software program installed for your desktop.
• Access will not be allowed because of the unavailability of a file-sharing tool.
• One of the other reasons for this error will be QuickBooks’ incomplete installation.
• A malware assault would possibly corrupt the windows system files.
• The file may be deleted.
• The data file is stored on a network file.
• The file is placed on a network-attached software.

Effects Of QuickBooks Error Code 6189

• The impact of error 6189 816 is the display of the message that you could’t open the file.
• Windows would possibly run slowly work.
• Your computer would possibly stay still and appear like frozen for a few seconds.
• The error would possibly crash the latest Window of operating.

Best Solution Of QuickBooks Error 6189

When you are the aware cause of why the software program could not open the file, you must at once get to resolving the problem. Here are the solutions which may be used to fix the QuickBooks error code 6189.

Solution 1:  Download QBRefresher

• Download QBRefresher and store it for your Windows desktop.
• Ensure that each one QuickBooks versions running at the desktop are closed.
• Execute the QBRefresher.exe file.
• Open your QB once more after QBRefresher has completed it.

Solution 2: Connection to the server or desktop.

• Restart the server.
• Restart all the workstations related to the server.
• At the server, open the QuickBooks desktop.
• Opening QuickBooks at the server, open it on all the workstations.
• Check if QuickBooks error code 6189 is appearing

Solution 3: Download QuickBooks Database Server Manager

• Download on the server and then set up the QuickBooks Database Server Manager.
• Go to the Start button and placed the QuickBooks Database Server Manager in the search field.
• Open the QuickBooks database server manager file.
• Replace it so that you have the latest version.
• Reboot your server.
• Open QuickBooks on the desktop.

Solution 4: Open No Company file

If QuickBooks error code 6189 -816 is task performing and QuickBooks company file is in a web location.

• You need to detect upon where the file is located both via using the F2 in your keyboard if the file is open or by using No Company Open window if the file isn’t always open.
• Visit the file a folder.
• Copy the folder by clicking on the folder.
• After copying, paste it into an external storage device such as a pen drive and many others.
• Visit the new desktop and join the external device.
• Copy files from the external tool to the local drive on the new computer.
• Open QuickBooks software.

The post QuickBooks Error 6189 appeared first on Today News Spot.

The scheme that is gives more benefits for the people who are having financial problems for education, marriage, and other events.  This is much good for the people who want to know the investment details and the maturity value at the end of the scheme. Investors may be illiterate or they may not know how to calculate the maturity value and the interest in this kind of scheme. This is the reason that most of the people use this sukanya samriddhi yojana calculator. This calculator is available on all of the bank’s websites or the government official website. 

How useful is this kind of calculator?

The investors can able to simply enter the amount they are going to invest and the rate of interest. This is enough for the calculator as this provides the approximate value of the calculator with the corresponding interest rate. This is much simpler for the people to check about the amount they are getting and also they can able to feel free. The calculator is only suitable for the girl who is within ten years of age. Also, the girls should have a residence in India. The account can be opened only for the two girls per family. 

Many people feel happy about this scheme as this has a huge tax benefit. This is also much helpful for them to save more amount of the money for their girl’s plan. The plan is a useful one for the people who want to save them more money. The calculator is the best one for the people to know about the monthly investment amount for this scheme. 

What is the process that occurs in the calculator?

The investors need to enter the amount of investment per year or monthly investment rate. Then this sukanya samriddhi yojana calculator will show you the maturity value and also the corresponding interest rate. The changes in the interest rate and also the corresponding maturity value will be estimated approximately and so this will give the satisfaction for the investors and also know about the maturity value before itself. The maturity period for this kind of SSY scheme is about twenty one years. This meant that people can able to get their amount at the end of the twenty one years only. This is much helpful for saving money for their daughter future expense. The investment for this plan is also needed to be done only for fifteen years. 

The remaining years the interest rate will be calculated by seeing the previous year deposit rates. This will be more beneficial for the people who are in poverty. The people cannot able to withdraw anything until the maturity period and also the deposition of the money can be made in the first week of April every year. For the monthly deposition, you have to do it on the first of every month. This gives a clear idea of the maturity value and the interest that you will get without any tax deduction.

Additional Read: What Is SSY Calculator And How Does It Work?

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Mistakes help us to learn and improve. When we are developing a product where many testing required until the final result comes. After tests, some issues are generated in the form of mistake and mistakes are removed in the next phase. The sequence continues until the outcome. Companies of different domains follow the same procedure for the better execution of work.

The final product has to be handover to the client with zero error. Unfortunately, any error appears in the final product then the client can sue the company and further the company may require paying a huge amount of money to compensate.

Professional liability insurance supports companies to recover from any claim made against any professional advice or fault in the required output. Some companies sue professional even when no mistake is done. Reasons can be the unwilling result, delay in project submission, or behaviour. Some companies made professional liability insurance as a necessary document while signing a contract with you. Let’s see different employers who necessarily required a professional liability insurance cover:

Attorney firms:

Not every law firm delivers the same result. Sometimes, the client gets expected judgement, and other times it can be the opposite. There are cases when the client couldn’t accept the judgement and blame the attorney for not performing as per the promises. In such a situation, law firms threatened to sue many of their clients. So, it gets important for the attorney firms to mandatory have professional liability insurance.

Consultant and other professionals:

There can be cases where some professionals and consultant couldn’t deliver a satisfactory result to their clients, and as a result, they might get threaten to sue from the client. Professional liability insurance ensures the safety of professional and consultant from such situation.

Accountant and Taxpayers: 

Whether you are a bookkeeping firm, accountant, or financial advisor, professional liability insurance helps to cover small size to mid-size accounting firms from potential liability and malpractice insurance.

Home inspector:

Even after performing a different successful home inspection, there is no guaranty of achieving the same success rate. Professional liability insurance ensures the safety of home inspectors during the time of crisis.

Technology professional: 

Software and hardware companies work with various projects where an understanding of different code and programming languages is required. Also, these big projects require a significant amount of money. In such projection any slight error is unbearable, so professional liability insurance becomes quite crucial here.

On the other side, not every company requires protection through liability insurance. Hardware and Software Company can better decide about the requirement and decide on the benefits of the company’s growth. Few things become very crucial when you make a deal professionally. Professional liability insurance is one of those very crucial things. Every corporate irrespective of its capacity and growth should apply for the liability insurance so that any future issues can be avoided. IT, Attorneys, Accountant, Medical, Consultant are a few of the firms where professional liability insurance is mandatory required for the smooth and transparent workflow.

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There is no doubt that there is potential for huge returns generated by REITs. REITs provide a growing income return and offer some element of diversity which is absent from the wider stock market. You may be looking to involve yourself in high yield investment trusts, or one of the many property investment companies in Dubai, either way, REIT’s can prove to be a solid base for good income.

But there are other ways in which REITs can lead to generating high returns and back up the investment process being a stellar choice. Keep in mind how the global market faces an unexpected future, but REITs is not seen with the same prospect. And if we see a continued low-interest rate, REITS could benefit even further.

So, growth potential is one of the key points here and REITS offer a mix of income returns as well as capital growth potential, as well as providing an avenue for delivering potentially significant total returns in the long run. You see, if you were an investor has REITs held for the long run, you could be benefitting from the impact of compounding, that is to say, the reinvestment of dividends along with the annual growth prospects for the property market coming together to offer attractive rewards over a certain amount of years.

Variety of Investing in Property:

Another important consideration is the aspect of risk to reward ratio and REITs tend to offer a favourable conclusion, especially again looking at the long-term picture. REIT’s are listed on the stock market, but they provide access to a variety of properties, and although the investor is not owning them directly, it provides some diversity in terms of asset allocation which can reduce the risk factor. Don’t forget that because REIT’s are diversified an investor could own a retail unit, office or a residential unit, or a mixture of each, there are plenty of options in that respect.

So, as we begin to summaries, yes the growth in property values, in particular in the last decade, has come under a lot of pressure, it is not all doom and gloom, in fact, investors have plenty to be positive about. Low-interest rates have historically been a catalyst for the property market as they encourage activity in the sector and of course, make borrowing rates cheaper. Due to the threat of risk from a full-scale global trade war, central banks seem to be responding across the world by taking on an increasingly cautious stance on monetary policy with the result being those mentioned low-interest rates. In turn, these continued low-interest rates can result in demand for REITs among the investors, especially due to this investment prospect of higher-income potential.

So, whether you intend to go through property Real estate investment trust or take another means to invest in REIT’s, best of luck in reaching the potential to set yourself up in generating some high returns and possibly giving yourself a good return for your retirement, too.

Right, so you have decided that you want to get involved with an investment company. Maybe you are looking for an investment company in the UAE or are seeking out a Dubai investments real estate company. Either way, hopefully, this is a step in the right direction to some great future returns! But are you in the know when it comes to the knowledge you should know before you choose an investment company?

Before you rush into an investment decision take time to sit down and consider your situation. Make sure you have a solid financial plan and have gone over your entire financial situation. You also must weigh up the risks that could potentially arise with your chosen company to invest in and consider if the investment is worth the chance. What are the best ways to meet your goals? These are all things to consider.

Property Investment companies:

Having a backup plan, something to fall back on if your investment does not go to plan is not only a recommendation but a requirement if you want to protect yourself suitably. What you need to have is an emergency fund. This is a smart move that will protect you if your investment does not go the way you were hoping. The more you can save (as much as you are comfortable) for this fund, the better you will be covered and better position you will land yourself in the unfortunate instance your investment in your chosen company fails to deliver.

Another reason why you must not rush into an investment and complete plenty of research is the risk of being involved in a company that turns out to be a scam. It could be argued that with the rise of the internet and so many more channels such as various social media platforms to spread a scam, these kinds of dangers are on the rise. Sometimes they will make all sorts of claims to try and hook the reader into investing in their ‘company’, using a news piece to look like back up to their claims. If in doubt, research online and look for people’s dealings with the advertised opportunity and speak to anyone in the know who is trusted and has a good measure of this kind of things public companies investing large now.

Another thing to think about is if you should put all of your available capital into just one company investment. Many experts will point out you could reduce the risks of investing by picking multiple company investments and sharing your capital between them. That way, you increase the chances of good return and reduce loosing quite so much if one of the company investments fails to perform as you would have wanted, Remember a company could be legit as an operation and completely above board, but go under and of course, that will not be good for investors. Again, if you hadn’t invested too much in that company, you lose will be reduced and you can still see good results from your other investments emirates reit.

So, do not rush into any company investments without being sure that you stand an at least reasonable chance to see a positive outcome. Do not over hesitate that you miss the chance for some great company investments either, just choose wisely and hopefully, you’ll reap the benefits!

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In an environment of economic slowdown and uncertainty, it is only natural to find ways to secure your savings and investment and if you are employed then your retirement savings make up a great part of your savings. If, like millions of Americans you own a 401(k) account then you must have been offered a range of investment options to invest your retirement savings so that you can generate passive income and increase your savings.

The most common forms of investment options offered to 401(k) account holders are mutual funds, equities, and bonds, etc with varying risk profiles to match your risk appetite. While this is a good way to increase your savings but if we look at the performance of retirement funds in the financial meltdown of 2008 then we can see that the financial meltdown wiped out retirement savings by up to 20%. For individuals, within a few years of retirement age, 20% is a big number when they do not have enough time to make up for the loss.

For someone with around a million dollars in retirement savings, this meant a loss of up to $200,000! If invested at the rate of 5%, this represents an annual return of around $10,000. You can see how big a loss this must have been for people close to retirement, with their savings all piled up.

So no matter how good your investment strategy is, if a financial crisis hits, it will end up reducing your savings. Although many protective measures have been taken since the last meltdown when the chips go down, they go down with a domino effect and no one can be sure where it will eventually stop.

Therefore, it is only prudent to take some steps to mitigate the risk of loss in savings due to uncertain financial situation and this is where Gold IRAs come in. Gold IRAs are self-directed retirement savings accounts that allow individuals to roll over their savings from their 401(k) accounts to invest them in precious metals.

The advantage of investing in precious metals is that precious metals do not carry the same risk as other marketable securities, they will not default on payment like bonds or shares of a company and usually, the price of precious stones moves opposite to the price of dollar, thus in a crisis situation you can rest assured that your savings will not be going down with the dollar.

Consider the Gold IRA as a way to hedge the risk on your 401(k) account. It is not advisable to convert all of your retirement savings into Gold IRA investment instead only a portion of your savings should ideally be transferred to your Gold IRA account to be an investment into precious metals.

Many companies offer Gold IRA management services in the market and many of them have an impeccable track record. Lear Capital is one such company. In fact, it is not just any company, it is the market leader when it comes to Gold IRA accounts.

Lear Capital has the advantage of having the experience and the expertise required to advise the customers in the best possible manner in order to secure and increase their savings. Lear Capital boasts having state of the art customer advisory function with real-time insights to help the customers make well-informed decisions.

Lear capital offers a wide variety of coins and Gold IRA plans that can be customized according to the needs of the customers. The full list of available coins and bullion can be seen on their website. Lear Capital only offers the approved coins for Gold IRA it must be remembered that items of jewelry or unapproved articles made out of precious metals are not eligible for the gold ira account.

Lear Capital also offers numismatic or rare coins. Numismatic coins are inflation resistant and have a history of profitability because they have a value that is over and above the value of precious metal coins due to their rarity. Thus, the range of precious metals available with Lear Capital allows the investors to invest their retirement savings with peace of mind.

Being the market leader means that you can expect the very best from Lear Capital, from investment advice to customer care they have got it all covered. At Lear Capital, they understand the mindset of the customers, most if not all customers come to Lear Capital with a mind full of questions that are only natural because they are looking for safe investment options. The customer service representatives of Lear Capital have a track record of guiding the customers until they are satisfied with the answers they are getting.

Lear Capital takes around 24 hours to open up your Gold Ira account. Their process is simple, your credentials will be collected by a representative and following the submission and acceptance of the application your gold IRA account will be opened in 24 hours and your custodian will be contacted to transfer the funds from your 401(k) plan to your Gold IRA account.

Lear Capital has a precious metal depository in Delaware, while other companies have spread out storage areas Lear Capital still keeps all of the deposits in a central depository with your precious metals insured by Lloyds of London, one of the oldest insurance companies. Lear Capital charges an annual fee of around $160 and this includes storage, custodial charges, and quarterly statements. In addition to this, they have an online store which means that purchases of precious metals can be made at any time without the need to call or walk into their office.

There are other Gold IRA management companies in the market as well and because the product is same for all of the companies, they differentiate on cost and services offered to customers but Lear Capital has the biggest market share of all the companies because of the level of service they offer along with the diversity of investment options and low-cost structure.

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Personal injury claim: meaning- The basic idea driving individual damage claims is that some else has caused you to harm and you are qualified for remuneration for the harms you have lost. Normal instances of individual damage claims incorporate car collisions, hound chomps, slip and falls, restorative negligence, and cruiser mishaps. 

Components of a Personal Injury Claim 

Obligation of Care 

So as to win on individual damage guarantee, you should accomplish more than show that you have endured damage or misfortune. You should show that the other party owed you some sort of obligation of care. The law can force an obligation on an individual in an assortment of ways. For instance, your neighborhood supermarket has an obligation to ensure their store is alright for you while you are shopping. The degrees of obligation that an individual or organization needs to you depends on their relationship to you. For instance, a specialist has a more elevated level of obligation to think about you than, state, a swap meet. 

So how do courts decide whether an individual had an obligation of care? By responding to a straightforward inquiry: Could the mischief that the litigant’s activities caused been anticipated by another sensible individual in a similar situation? 

To utilize the specialist model over, one would require to assess if a comparative, sensible specialist could have anticipated that the respondent specialist’s activities would cause hurt. Would a sensible specialist have the option to anticipate that the respondent leaving an apparatus inside a patient’s body would cause hurt? The appropriate response is presumably yes. 

Rupture of Duty 

The other individual should then neglect to meet that obligation they owe (for example break their obligation of care). At the end of the day, when it has been built up that an individual has an obligation of care, did they neglect to satisfy that obligation? Provided that this is true, you are one bit nearer to demonstrating carelessness. 

Cause 

You should have the option to show that the other party’s inability to meet their obligation was the reason for the damage you endured. For instance, in a reasonable risk setting, the law forces an obligation on landowners to keep individuals they welcome onto their property liberated from known peril. On the off chance that this landowner welcomes you over for supper however neglects to caution you about or fix a wrecked stair, they have ruptured their obligation to shield you from the threat. In the event that you are harmed as a result of their rupture, for example, you stepped free to move around at will stair and stumbled, you are qualified for remuneration from the landowner for the harms you continue. 

Individual Injury Claims in 

Each state has its own arrangement of laws that controls when and how close to home damage cases might be brought. In the event that you intend to document an activity for individual damage in, a couple of the essential laws you ought to know about include: 

Time Limit: All activities have a cutoff on to what extent you can hold on to get your case court. This utmost is known as the “legal time limit” and on the off chance that you stand by excessively long, your case will be banned from court. In Texas, you have four years1 to bring individual damage activity to court. On the off chance that your case is against any administration substance, as far as possible is abbreviated to three years. 

In the event that an offended party can demonstrate risk with respect to the respondent, the individual in question is qualified for recouping harms. The measure of harm can be agreed preceding preliminary as a settlement understanding or can be dictated by the judge or jury at preliminary. The measure of recuperation for individual damage guarantee will fluctuate broadly relying upon the offended party, the seriousness of the damage and incalculable different elements. Offended party will, by and large, be granted compensatory harms, intended to remunerate them for their misfortunes. Compensatory harms incorporate things like doctor’s visit expenses, property harm, lost wages and torment and enduring. In the event that the respondent’s activities were particularly terrible, extra or correctional harms might be granted. The motivation behind this sort of harm grant is to rebuff the litigant and stop others from comparatively terrible conduct. Correctional harms are once in a while granted. 

As examined above, in the event that it is resolved that you were incompletely to blame for the damage you endured, the harms you are granted will be decreased relatively. 

Contact a Personal Injury Lawyer Today for a Free Consultation! 

On the off chance that you have been harmed because of the carelessness of another, contact a personal Injury Attorney McAllen Texas, immediately. Law enables unfortunate casualties to recuperate pay for wounds and different misfortunes that they may be understanding because of a preventable mishap. A legal adviser acquainted with prosecuting individual damage cases can regularly assist exploited people with recuperating significantly more remuneration than they would have the option to hold without anyone else, so it is exceptionally fitting for anybody harmed in a mishap to talk about their alternatives with an accomplished legal counsellor.

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Your developing business requires strategic planning for it to thrive and meet its objectives. Strategic planning helps you to understand your customer, their concerns, and desires. This enables you to position yourself in a place where you can meet and answer these needs.

This can be attained by involving a business strategist who will help you reap the following benefits;

A better understanding of your business:

A business strategist will help you to understand better where your business is in terms of financial performance, marketing trends, customer satisfaction, your strengths, and weakness. Get a better grasp of these crucial factors and how they play to the overall performance of your business. Understanding your business will put you in a position to scale your business to a much-desired height.

The direction your business needs to take:

A business strategist will help you come up with a business strategy that will indicate where your business is at, its long term goals, and the means to attain them. This, in turn, gives your company a clear direction to take and enables you to focus on achieving your set goals.

When you have a clear set of business strategies, it is easy to focus on your business without getting derailed and going off track. Having a plan increases your success rate.

Builds Morale:

With a business strategy at hand, this will give you and your team the morale boost to work harder to achieve your objectives. A business strategist will guide you on how to take the necessary steps towards your long-term goals.

Take the Necessary Steps needed to achieve your Goals:

A business strategist will enable you and your team to identify and take the necessary steps to move your business in the direction you want it to take. There can be some milestones laid down that you will take before you move to the next one

Lay down the Long term vision for your business:

A business strategist will help you come up with a business strategy that will include a long-term vision for your company’s goals. Where you are heading with your business and how to reach there. What are your projections? In terms of customer growth, profits, staff turnover and other significant factors that will have an impact on your profit margin. 

Creates Unity at the workplace:

To get an excellent business strategy, a business strategist needs to involve all the members of staff in the process. Involving all members of staff unites them as they discuss what they want to happen in the business and how they will accomplish it. This Unity puts the team on the same track with the same precise set goals, which in turn will increase the business’s success rate.

Conclusion:

A business strategist aims to involve everybody while coming up with a business strategy that will be successful. In so doing, they get people thinking and coming up with different ideas that they might never have thought to bring forth under different circumstances. They make sure to allow reflecting on your business and how to improve it to get maximum benefits. In order to learn more why hiring a Business Strategist is necessary for your Business success you can follow the experts like Brad Fauteux and others. Bradley Fauteux  is a Canadian executive seasoned business strategist with over sixteen years of executive level and senior management experience.

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Want to wipe off all your debts and become debt free? Or education is on your mind but lack of funds is the main hurdle? Looking for a final resort that can help you out? Bad credit loans are a great financial option that can help you fix your problems. These loans are free from collateral attachment and offer financial relief to those borrowers who can not pledge their valuables. These loans best fulfill the financial needs of tenants and non homeowners. Are your FICO scores less than perfect? Does your credit report shows arrears, defaults, CCJs, late payments and bankruptcy? Want to apply for loans to get financial help? But worried about your impaired credit records? Then applying for cash loans for bad credit would be the most feasible solution for you. Bad credit loans provide you with adequate funds to sort your financial woes. You can easily get the finance and effectively meet your financial needs.

The funds advanced through loans for bad credit can be used for catering diverse financial needs. You can consolidate your outstanding debts, finance education, wedding expenses, plan holidays, buy a brand new car or renovate your home. They offer adequate financial backing so that you can easily meet your financial needs without facing constraints. Now you need not worry about collateral and without risking your asset can also grab financial assistance.

Loans for bad credit are available in two forms secured and unsecured. Secured loans for bad credit can be entailed by pledging any of your priced assets as security. You can borrow anything ranging from £5000-£75000. The repayment term varies from 5-25 years. Unsecured loans for bad credit can be entailed without pledging anything. You can borrow anything from £1000-£25000. The repayment term goes from 1-10 years. You can borrow anything suiting your repaying ability and financial standing. The great and significant feature of these loans is that are free from collateral attachment. These loans have been customized keeping the requirement of non homeowners and tenants in mind as they are unable to meet the collateral obligation.

Loans for bad credit are provided at slightly higher rates of interest. A higher rate is charged due to your unfavorable past credit records; as such borrowers may falter their loan payments. Thus lenders compensate the risk of non payments by charging slightly higher rates. Bad credit loans are easy to apply as you can apply through online and conventional medium both. One can simply apply online or through banks. The online application consumes very less time as you just have to fill up an online form. A good market research can help you find a lower rate deal easily for yourself.  You can easily view different loan quotes and compare them in order to fetch a goods deal for yourself. You can improve your scores if you repay your loan installments on time without faltering payments.

Loans for bad credit are a great financial help that enables bad credit borrowers to fulfill their needs conveniently. They can easily borrow a required amount and repay back on time. The non-homeowners are getting good relief in the form of the unsecured credit loans. The system of keeping collateral is not there in these loans. Therefore, the borrowers feel much risk and tension free. So, you would just be capable of affording lot many things that you want. . These loans best fulfill the financial needs of tenants and non homeowners. These loans are free from collateral attachment and offer financial relief to those borrowers who can not pledge their valuables.

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Private equity (PE) firms invest in a range of industries across the globe. It plays a vital role in enabling companies to realize their growth potential. PE firms help their portfolio companies to grow businesses, launch initiatives, upgrade technologies, systems, and support to implement a long-term strategy. PE firms provide strategic guidance for operational improvement, revenue growth, leadership development, lean process, optimize IT operation, employee healthcare, and more.

According to a report from EY and the Kenan Institute of Private Enterprise, Private Equity firms manage US$ 3.4 trillion of investor commitments at the global level. It was less than US$ 500 billion in 2000. More capital flows into private equity and the companies backed by PE firms employ almost nine million people in the US. Blackstone, the global leader in private equity has US$174 billion in assets under management.

A few of the leading private equity firms in the world include

• Goldman Sachs Capital Partners
• Kohlberg Kravis Roberts
• Bain Capital
• Blackstone Group

Working in a private firm is interesting and challenging. The boom in private equity inspires every finance graduate to land their career in private equity. Most of the youngsters, either MBA graduates or finance graduates may not know what it takes to avail of a private equity job, but get drawn to these jobs for money and glamor. Let us understand the on-roll responsibilities of the professional here.

Roles and Responsibilities of private equity professionals

A few of the major responsibilities for a private equity professional are enlisted as follows.

• Monitor investments of the existing ones
• Finalize the funds’ review (both quarterly and yearly) and portfolio companies
• Create and update financial models of portfolio companies
• Review and study about possible potential investments
• Preparation of information memorandums
• Interact with senior PE professionals and acquire knowledge on existing and potential investments
• Research on target investments in a detailed manner
• Conduct review on documentation and deals
• Research on industry and look for possible future investment areas
• Complete additional duties, build portfolio analysis and performance metrics

To continue, let us know the required education, skills and requirements to avail PE jobs.

Required Education and skills for acquiring a PE Job

Most of the private equity firms prefer candidates having a strong academic background with at least one or two years of relevant experience. It could be gaining internships in PE and related firms or working experience in investment banking.

MBA graduates from reputed business schools are preferred in private equity firms. In addition to academic qualifications, communication skills are a must as PE job is a client-facing job.

You may start your career as an analyst or Associate depending on your educational background and experience.

Above all this, timing and sales skill form the baseline qualification, says Bjorn Marten son. He says when a private equity professional has a background in sales, it helps to understand the market. An in-depth market scenario prepares the professional to make the investment successful.

In addition to academic skills, people skills, analytical skills, research, and product knowledge is crucial to thriving in the industry.  

At the bottom line, this is the world of private equity. The quest for a career in private equity and having the right basics will help you thrive in the industry.

The post Working in A Private Equity Firm: An Overview appeared first on Today News Spot.

Are you a business owner who is actively looking out for a Manhattan CPA? Most of the business owners accept that an accountant is the most professional used by their business. They handle all the critical areas:

• Tax savings
• Better cash flow
• Regular management of books

However, before you can hire, the right one, here are some of the questions that you need to find the answers for:

Find Out About the Professional Certificate 

To do this, you need first to find out whether the professional is a CPA or not. While there may be an accountant who can handle your books, if you need a CPA, you must find him. 

He can be useful even after the taxes have been paid. The smart suggestion given by him can provide your business with a new direction and help to find areas that need more attention.

The DIY approach may not be useful even if you are tempted towards it. You need a professional who is updated with the latest tax codes. A bookkeeper can keep the books, and they can use the software to track the various details. An accountant can go beyond the regular bookkeeping and can prepare reports needed for taxes and analyze the financials too.

But when you hire a CPA, he can officially represent you when dealing with the IRS. Other than them, a non-CPA accountant is an ‘unenrolled preparer’. As CPA firm hires bookkeepers as its staff, so there is no need to hire a separate bookkeeper.

Relevant Industry Experience

The next thing you need to find out whether the CPA works with small business firms and startups. If you are a startup, the tax and financial decisions that you make can impact future success. You need to ask about it and the relevant industry experience too.

Availability

It should not be an issue, and you should be comfortable asking questions or when seeking advice any time you want. An experienced should encourage you to contact them regularly. You need to find out the response time and meetings that can affect availability.

Fee Payments

Before engaging a CPA, you need to find about the fee. Well, you can judge the accountant’s intent in that way. A professional NYC accountant will fist set up an initial phone or in-person consultation to assess the need. They will then provide a fee based on the budget you have. 

If the CPA gives you an unacceptable price, it is better to discuss the things in detail. Most professional ones would be those who would be actively guiding you to tax-deductions, other ways that benefit the business. 

How Will Services Provided?

Will the CPA be using the services of his own? There are a few who use the software or may train you so that you can handle the accounting on your own.

Finally,

When you are well aware of these things, you can remain assured that you have the best Manhattan CPA to handle your business! 

The post Want To Hire A CPA? Here Are A Few Things You Should Know! appeared first on Today News Spot.

Credit cards are one of the most crucial tools in today’s economy, especially owing to the multiple benefits at offer like rewards points, discounts, etc. While on one hand, easy finance during unforeseen situations are of immense help, it is these additional features which effectively reduce the financial burden of customers in the long run.

Consequently accumulation of reward points and strategizing their use is crucial so that customers can avail the maximum benefit from these features.

While deciding the best rewards credit card can be difficult without any fixed set of parameters, understanding a customer’s shopping preferences can effectively lead to the most rewarding one. Worth mentioning, few financial institutions and NBFCs have select credit cards on offer which have features and rewards that suit almost every type of use. Bajaj Finserv RBL Bank SuperCard and its likes offer extensive rewards on every transaction, effectively accumulating points for their users.

To avail the maximum benefits of reward points, customers must understand how they can accumulate the most number of points against their expenditures. Once enough points are accumulated on their shopping credit card, they can redeem them according to their needs. Following are some crucial pointers on how to redeem credit card reward points along with the best strategies of accumulating them.

• Choosing the right type – This includes both the card as well as the types of rewards that are being accumulated. Vitally, customers should compare different cards before going on to apply for one. One should look up the details of reward point accumulation so that they can align their spending in a way to supplement the rewards.
• Availing cash-backs – Cash-backs are often looked over by individuals while their main focus remains on credit card reward points. Customers must utilise the cash-back feature to benefit the most against their purchases.
• Funnelling expenses through one card – Often customers own multiple credit cards which they use for different types of transactions. There are multiple cards which cater to specific areas of expense as well. Contrastingly, customers can consider channelling most of their transactions through one card. This essentially ensures that more reward points get accumulated on it.
• Keeping tabs on dates: It is important that customers keep a strict tab on reward point’s redemption dates. Reward points awarded on shopping credit card usually comes with an expiry date; cardholders have to utilise the same within that given period.
• Tracking change of offers and terms: Of the numerous simple tips to get the most out of a credit card, a crucial advice is to keep track of offers as well as terms and conditions regularly. While regular checking of updates on offer ensure that features are availed at their fullest, terms should be checked to learn about any addition or reduction of clauses.
• Scrap unnecessary cards: Customers often own multiple cards amongst which they use only a few specific ones. It is better if they keep the select few which are necessary and scrap the others. This ensures they will not gather any reward points on those scrap cards which are bound not to reach the maturity benchmark.

With tips to maximise reward points on credit cards along with detailed know-how on how to choose the right credit card for oneself, customers can easily select the most effective plan for themselves. Once a customer has selected his or her best rewards credit card, they can proceed with the application for the financial tool via the corresponding online portal.

Consequently, customers should also learn the details of checking a credit card statement so that they can effectively clear all dues within the repayment date. It will allow them to utilise their best rewards credit card while increasing their creditworthiness and credit score.

The post Tips to Get Maximum Credit Card Rewards Point When Shopping appeared first on Today News Spot.

You can be in urgent need of money at any time. Even the situation becomes worse when you run out of your savings, but the necessity of money still exist. In such a situation, people look for a quick personal loan to complete the necessity. Some people are in a self-business of money lending on urgency. However, their objective is full of selfishness. Such people take advantage of people’s helplessness and lend money on a very high-interest rate that is unethical. So, be aware of such money lenders and raise your awareness of digital platforms that facilitate quick money loan services with several customer-friendly features.

• Digital Platforms: 

Several digital platforms are ready to fulfil the urgent need of money with some easy steps of application. It requires that you must have prior information about some of the money lending digital platforms. Generally, each financial service platform works with different guidelines. You must check the guideline before applying for the loan. Digital platforms like RupeeRedee maintain quite a reliable track in providing instant money loan services.

• Look for a personal money lender: 

It is good to have a personal money lender in your network. You can easily fetch quick money loan through the personal money lender though the interest rate can be quite high. Process of quick money loan required through personal money lender some mandatory steps that need to follow. 

• Request for a loan from relatives or friend: 

In past when the facility of the loan through short term money, digital platforms were not available asking for a loan from relatives or friend is the most common way to get urgent money. However, the money flows with some terms and condition. In one situation, you might require to submit your asset like Gold jewellery, land, vehicle, and property papers as guaranty.

• Carry a credit cards or savings: 

Credit cards can be quite a lot of help when you are in urgent need of money; however, a credit card issue with cash limit. This limit decides based on your monthly earning and regular expenses. So, in fewer requirements, credit cards can be helpful. However, when the requirement is more than credit cards are not enough. A wise person always keeps saving first then expenses. Your savings can give a lot of relief on the time of crisis. You are not relying on anyone, and also you don’t need to pay an extra amount in the form of interest.  

Quick money loan usually required in the time of crisis, so you must have the information to all the appropriate way through which you can fetch instant money. In the time of digitalization, people are dependent on instant money loan options. Applying through instant money loan option is quite convenient where all the information is secured, and a customer can track all the loan transaction timely. 

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For those with loans racking up, there are many things you need to keep in mind. However, the fact that debts can be tricky is one of the primary reasons why most people need help with it.

Before we get into the topic of “when do you need a debt consolidation specialist?” you need to know what debt consolidation is. When you look into the matter of debt consolidation, you should know that it can help you with your debt by reducing the interest  and the amount to be paid, thereby providing you with relief from debt.

Do you need a Debt Consolidation Specialist?

To be clearer, debt consolidation is a means to reduce your monthly payments paid to the banks or a  financial institution. Debt consolidation is merging all the debts from one or more than one creditor, then paying them all with a single loan, hopefully at a much lower rate and a slashed monthly payment. This is usually done by people who are trying to manage the bill of several credit cards and other debts that are not secure.  This later helps in making sure that you can pay the due amount, which was fixed during the consolidation meeting lowering the amount of   payment to be made at the end of the month.

Here is Why you Need a Debt Consolidation Specialist:

• Hands-on expert: Although it is possible to do it without any help from  others, you need to make sure that you hit the right points and you know what you’re doing. Unless you have prior experience in the field, you won’t be able to get the right results. A debt consolidation specialist knows what they have to say, what they have to look out for and how to get you a deal that helps you.
• Low credit score could be a problem: Although student loans and tax debts are not a part of this, the fact that you have a low credit score could be a problem. Consolidating of your debt on your own is not a problem if you have a good credit score. However, when your credit scores are low, you will need a debt consolidation specialist. Credit scores make an effect on your ability to get a consolidation and hamper your case in which  you actually deserve a lower interest to pay your debt.
• Can help you with everything: The point of hiring a debt consolidation specialist is to make sure that you do not get in trouble and can make the payments comfortably and on time. Whatever kind of debt you may be struggling with, a debt consolidation specialist will be able to help you out. Furthermore, you will also be able to get the proper recommendations depending on the severity of your cases.

How to Look for a Good Debt Consolidation Specialist?

If you have recognized your problem and do not want to deal with  debt consolidation  on your own, you will need to keep the following things in mind when you’re looking for a debt consolidation specialist:

• Look into the background of the specialist you are looking to hire. You should know your prospective specialist’s key areas of expertise.
• If you need help in a particular area, make sure  you find a specialist in that specified area only. Hiring somebody who is good in some other field would only give you stagnant results.
• Consider asking for help when you’re looking for a debt consolidation specialist from your friends, family, and others.
• You should make sure that you search and research well and have one-on-one conversations with them to find out who is the best help for you.

With all that in mind, make sure that you look at every aspect of the consolidation. Before you talk to the institution, tell your specialist exactly what you want.

The post Why do you need a Debt Consolidation Specialist? appeared first on Today News Spot.

Nowadays, getting a job and hiring a skilful person both becomes a difficult task. If you are running a business or about to start, you need a dexterous person who can contribute to the company. The only way to hire them is by providing “Employees Benefits”. 

According to the survey, it is found that nearly 60% of employees can move to a new company, if they receive better worker reimbursement. And the most surprising is that approximately 75% of staffs more likely to stay with the current employers because of the benefit. 

There are many benefits that you can provide to the employees but the major one is “Health Insurance”. Offering health cover can boost productivity and provide a sense of satisfaction.  

Let’s have a look at the reasons why you should invest money on the health cover of the employees. 

Reasons Why Health Cover Is Crucial 

There are six justifications why you should invest in employees’ health insurance. 

• Augment The Quality Workforce 

Providing benefits more than the salary is an effective way to hire a talented person. You might be wonder what will happen if you are run a small company? 

Let us present stats (2018)

45% of companies in the UK with less than 90 employees are offering leverage to their employers. 

It shows that no matter what is the size of your company, you should introduce it. It may need investment and if you do not have enough money, then opt for some borrowing methods like investors or short-term business loans. In this way, you can bear the cost to some extent. 

• Get Benefit From Government 

If you provide the value to your workers, then the government will offer you some facility like tax benefits. The government wants you to raise your business and it is the reasons they provide you with a tax deduction. With the saved money you can utilise it to grow your company. 

The tax deduction rate may vary from one company to another but getting the leverage is sure. Even the tax inference is not that good but still, you can save a lot of money. Don’t worry about the tax; just offer your employees the best health cover. 

• Long Term Benefit 

Many times company especially small firms provide the short term allowances such as:

• Well programs 

• Gym membership 

• Free activities   

• Meal breaks

• Paid vacation

The above-mentioned ones are not a wrong approach but while running a business one must think about the long term profit. Fitness or wellness program won’t be able to bind the employees. They may move to some other company when they receive the best offer. 

Here, you have to think about the long term like providing insurance, health coverage to family members or many more. In this way, you can create a strong bond between you and your employers. If you will offer these leverages, then the employee will never leave your company. 

• Boost Productivity 

It is proven that people with a satisfactory mind can do the work fast and with high efficiency. Now, where does this come from? It comes from the mind, if the worker knows that he and his family is secure, then he can put 100% efforts on the work. 

We have mentioned in the first point too even small companies providing these benefits. The only reason is to boost efficiency and output. 

• Better Communication 

Many companies fail to grow just because of the poor communication network. Sharing problem and thought play an important role in the company’s growth. Lack of conservation can bring several troubles. You can only better communication if you provide them with enough facilities. 

In the firm’s growth, every single person has some contributions. Providing them benefits reflects that you respect them and it will develop good communication.

These are the advantages you and your company can get if you provide the employee benefits. If you want to do business and hiring a talented person is become tedious work just because of the expenditures, then you can bear the expenses with start-up business loans.  In this, you may receive enough funds to manage the benefits’ cost. 

Overall, it is the whole concept of providing health cover or insurance to the employees. Apply them because it will encourage the workers to do efficient work and that will reflect on your company’s augmentation. 

The post 5 EXPLANATIONS WHY HEALTH INSURANCE IS VITAL FOR THE EMPLOYEES appeared first on Today News Spot.

There are numerous error codes in QuickBooks that preserve taking place every so often accordingly. Sometimes in Quickbooks software increase the problem of the Quickbook error 1014. When these error codes occur they maintain doping up at the screen wherein QuickBooks error code is opened and from time to time they even make the device freeze for a while which may be very stressful. In this manner, those error codes become difficult to address and therefore want to be resolved.

Quickbooks error 1014 is this type of a bugging error code that needs to be resolved on every occasion it happens. These days in this newsletter, we are going to learn the same. This Quickbooks Error 1014 occurs when the company or business users are access the accounting and financial tasks of the company data files. It is fully responsible for the damaged of the data or company files and the chances of the data files corruptions. 

Do you obtain the following Quickbooks error 1014 in your system?

Intuit Sync manager errors Code: 6_1014

Error Message: No longer capable of adding your statistics, probably due to a problem with the company report. Please use confirm-rebuild choice in QuickBooks to restoration this trouble.

Error class: No longer able to upload your data files.

Why QuickBooks Error Code1014 take place in the System?

This may the reason that the Quickbook error code1014 has occurred in your system or programs. This error passed off because of trouble in your company data files.

Note:

Simplest the QuickBooks data files sync is impacted by means of this problem. Every different function in QuickBooks will picture usually.

How to solve QuickBooks Error 1014?

Two answers are logically cautioned for one of these troubles. When you use both of them, you are most in all as like the local server to resolve your hassle whereas sometimes it’s far tough so that you want to apply each step to following as :

Solution 1: Replace Confirm, and Rebuild (QuickBooks 2012 and 2013, ultra-modern release best)

Step 1:

Make sure QuickBooks 2012 and 2013 are up to date to the newest version in your system.

Step 2:

Behavior a verify and Rebuild at the file of the company.

Step 3:

Faucet on Sync Now in the current system.

Solution 2: Run the Use this answer in case you tried to the solution and it did no longer work. In case you aren’t able to replace QuickBooks eleven and later, or something then you could do that.

For the following steps to compositions, you have to install the device on the identical tool with the system and the company data file that had the sync errors and QuickBooks used to open that record has to open the record of your company files.

Step 1: Go out QuickBooks 2012 and later.

Step 2: Download and set up the QuickBooks document doctor

Essential fo solves the Quickbooks Error: earlier than you pick out the company data file, click on approximately and press pressure DataSync restoration to allow the tool to resolve sync related Quickbooks Error Code in Quickbooks Software.

In case you haven’t been capable of doing – immediately hook up with us at QuickBooks Errors. Then you can get help or install in your system clean install tools like Quickbooks Database Server Manager, Quickbooks Diogonist Tool, Quickbook conversion Tool, Quickbooks file doctor and furthermore tool of the Quickbooks Software. These software tools will help you to solve the Quickbooks Error Code in easy and understandable steps. Even in case you want additional records we are right here to help you simply do no longer hesitate to contact us because we are putting in all the efforts to provide you the fine aid with utmost comfort.

I hope this article will help you to understand the Quickbooks Error Codes.

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Planning to make the next big move in your business? Short of a few bucks while buying that dream home? Don’t worry. There are loans to your rescue. But, taking loans for small amounts can get time-consuming and stressful as there are too many clauses, terms and conditions involved. There is a middle way which is the best short term loans.

Short term loans are the ones which have a repayment tenure ranging from 45 days up to one and a half year. Taking short term loans has certain benefits over regular long-term loans.

Interest Rates are Low

As per the guidelines, you have to repay the loan in a short time of say 3 months. Due to this reason, the interest rate levied on the principal amount shall be low. So, by paying only a tad bit extra, you get the chance to expand your business or build your dream home. On top of it, you might even save some money.

Credit Scores are Improved

Your credit score is a number between 300-900 which is a measurement of your credibility to pay back the borrowed amount. Short term loan lenders do not give much importance to credit scores while lending, but you can gain credit on paying them back. This can be helpful when you have to take bigger loan amounts. Hence, short term loans are the best option to improve your credit rating.

Predictability Is Simpler

It might be difficult to foresee the profit of your business or increment in your salary for a duration of 5 years but what if you have to say how much money do you have at hand by the end of next month? Simple, right? This is an advantage with short term loans. You know whether you will be able to pay back the borrowed amount at the end of the tenure or not. And accordingly, you can decide.

Approvals are Fast

Getting a long-term loan approved is a gigantic task as it involves extensive paperwork. Additionally, you need to present collaterals for security. This is not the case with short term loans. They can be availed with proofs of income, turnover of your business and years of experience.

You may avail best short term loans more than once from some banks or finance companies. They even give lower interest rates if you avail the loan from them for a second time. But, forming a habit of taking such short-term loans for luxury can be risky and is not advisable.

The post How can a short-term Loan help you during Financial Problems? appeared first on Today News Spot.

Almost all types of business owners need a CPA or a Certified Public Accountant. No matter how small the business is, if you wish to be a successful businessperson, then you would need a financial advisor to guide you correctly. Manhattan CPA could be the one you can rely on for making important decisions. Given below are some of the reasons explaining why you would need CPA services:

● The advantage of hiring a CPA instead of a general accountant lies in the fact that the CPAs are licenced professionals. They earn the license by clearing the CPA exams, which are one of the problematic category exams to crack. Also, the CPAs go through a continuous process of learning to cope up with the newly introduced laws and regulations in the system, unlike the ordinary accountants who usually stop after achieving a certain level of education

● They possess expertise in subjects like tax and finance. Thus, they are more familiar with the tax laws than the normal accountants, and as they have a certification tag, you can blindly trust on them. They have a better knowledge of tax codes as well, as they take tax courses every year to stay updated about the innovations introduced in it. Though an accountant can also serve you the same way, you won’t be assured with the certification that a CPA has

● CPAs are more efficient in doing a thorough analysis of the work done by the bookkeepers. The bookkeepers usually maintain a record of all the minute details of the business such as income generated, resources utilized for various business needs, etc. Along with performing this in-depth examination, the CPAs can also advise on the taxes to be paid along with other financial matters

● The most desirable benefit of hiring a CPA is he/she is eligible to represent your business before an IRS in the audit. However, if you hire a general accountant, you might not be ultimately fit to do so. This is because, an accountant, unlike a CPA, is not fully authorized for IRS audit purposes, though they can only represent you to a limited extent. Hiring a Manhattan CPA could be excellent as they are very efficient in handling such audits

● Accountants are just an individual whom you can consider hiring for routine works such as completing tax returns, but a CPA is positioned in a higher category. These professionals analyze the job, make sure if its error-free and then represent it for tax audits

Though a CPA would charge you more than a regular accountant, you should also keep in mind that the services and a sense of assurance that a CPA can provide, unlike an accountant. Manhattan CPA should be given more preference while you look for hiring, as they are highly qualified and also possess more experience. Lefstein-Suchoff CPA & Associates LLC are one of the best quality accounting service providers you must think of considering while searching for an efficient CPA.

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Credit cards are a crucial financial product which increase the purchasing power of the user with the help of a line of credit made available by the issuer. Also, there are a wide range of benefits associated with these cards However, to enjoy those benefits, credit card bill payment within time is crucial.

Paying credit bills on time can boost your CIBIL score significantly. It will reflect that you have the substantial financial stability to repay your debt on time.

Also, paying credit card dues within time reduces the debt-to-income ratio considerably. It is the ratio between your monthly debt payments to your monthly income. Holding a debt-to-income ratio above 40% can create a significant financial burden on you. Additionally, financial institutions will not approve your credit application with a high ratio.

Card issuers usually provide a grace period of 45 days. If you repay your credit card dues within this period, no interest rate will be charged. However, if you fail to do so, a hefty amount of interest rates and a late fine can be imposed on you. It can increase your due amount significantly. Hence, to avoid this, you should consider repaying your credit card bills within time.

Card issuers set a pre-determined credit limit when you avail a credit card. When you make a transaction using your online credit card, the amount gets reduced from your credit limit. Hence, it is vital to pay the bills on time to restore the credit limit and your spending capacity.

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When I just started my business, I thought it would be good to do as much as possible myself. The administration, handling of my VAT and sending invoices. That way I could save a lot of money, I thought. As my company continued to grow, I regularly ran out of time. Where I first saved money by doing business myself, I became increasingly stuck and I could write fewer hours on my projects. When I was sending my invoices for the umpteenth time in the weekend, I decided I had to do it differently. I then started looking for a number of programs that could take the work off my hands. I hired an accountant and started using online billing software. With this I could still send my invoices myself, but it took me much less time. Because I am with Invoice office started working I now have much less stress and I send error-free invoices in an instant. In retrospect, I should have taken that step much earlier, but I am glad I am using it now.

Benefits of Billing Software

A good invoice program has a number of major advantages:

• send invoices with a proper format
• less chance of making mistakes
• sending is easier
• doing administration becomes easier

Because I have to perform fewer actions with the Online invoicing software from the invoice office, I have a much lower chance of making a mistake. And every entrepreneur knows that an incorrect invoice must be corrected again with a credit invoice. This way you can spend endless time doing your administration. That no longer applies to me. Online billing software keeps track of everything for me, and my accountant also knows how to work with it. For me it is a golden combination: my bookkeeper and billing software. I can only recommend it to other entrepreneurs. You can also use Invoice Office much more than just sending invoices. You can also manage inventories, store customers and suppliers, register projects and working hours. With all these functions, doing your administration really becomes a lot easier. The better your information is stored, the easier it becomes. In this way, your administration becomes a job that you enjoy, instead of a tedious task that you prefer to postpone.

Try Invoicing Software for free

Some people are a bit hesitant about switching to a new invoice program. You may have to pay immediately while you still do not know if you are satisfied with the billing software. That is why I found it extra sympathetic that this did not apply to the billing office. Here I could first send three invoices or quotes and see how I found that before I had to pay. It is even possible to send all your invoices for free, if you use your invoice generator software only three times a month. That was not feasible for me, and it was not necessary. The billing software costs reasonable price per month. Curious about the possibilities? Try out your Invoice Office today, without paying. 

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The Lord of Seven Hills Holdings FZE (“L7H”) announces its big purchase of 94,904,408 Common Shares (approximately 39.2%) of the issued and high Common Shares of Fura Gems Inc (the “Company”) on 10th October, 2019 at a price of $0.25 per Common Share in connection with the closing of the first tranche (the “First Tranche Placement”) of a non-brokered private placement financing of Common Shares of the Company. And now for heading towards the more excellent results, it follows one or more additional tranches for the completion of total gross proceeds to the Company of C$33,877,500 (the “Private Placement Transaction”).

Let’s have a clear prophecy about the terrific operation of the L7H and its joint actors, which is reasonably apparent.

• Before the First Tranche Placement

The L7H and its joint actors (Gaurav Gupta fura lord of seven hills, who is the controller of L7H) show admirable ownership and control for the Common shares of 11,455,126 (approximately 8.5% of the 135,161,147).

• After the First Tranche Placement

Measurable results obtained as L7H and its joint actors had ownership or control over 106,359,534 Common Shares approximately 44.0% of the Common Shares outstanding with the successful closing of the First Tranche Placement.

• As per the agreement between the Company and L7H

With the one or more additional tranches, L7H is expected to get 28,755,592 Common Shares following the Private Placement Transaction to provide approximately 47.9% of the Common Shares with a total of 130,204,126 with its joint actors. Later by following such issuance together with its joint actors, it will embrace a total of 135,115,125 Common Shares, which represents approximately 49.7% of the outstanding Common Shares.

• The idea for desirable results

With the real purpose of increasing their ownership, the L7H and its joint actors purchase the Common Shares for the investment. Put their complete efforts to achieve the targets in this sector and investment directly or indirectly. And anyhow, the L7H and its joint actors effectively control the Common Shares to provide tremendous results. And with this continuous operation in investment, the L7H and its collective actors are making outstanding remarks in this sector. The whole agreement and process of one or more tranches are carried effectively by L7H for setting a large image in the investment sector.

Covering Up

That’s why it concluded that significant investments required big efforts to achieve financial goals. Gaurav Gupta must have to be professional in the market of investment for keeping the knowledge of high-quality finance. When you stay connected with the market through strategies in a predetermined time frame, then it helps you and your management team to grow with the effective results. With the significant investment of L7H, you can learn to earn long term rates and to avoid dramatic upturns during any decline in the market. You have to choose your investments wisely along with the robust strategies to handle any emergency with a high level of confidence and required skills. Therefore, invest where you feel secure.

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Budget 2020 has announced. It is a cautious and conservative budget, with the effect of the UK’s departure from the European Union still uncertain and the outcome of the withdrawal process unclear.

At that time, his need was to protect the financial advancement that Ireland has made as of late. He has followed through on that guarantee regarding the economy, with insignificant expense changes. But organizations and life partner, protection, family unit divisions no doubt affected by the spending limit 2020. It was apparent both as focused budgetary backings for specific areas and improvements to key business reliefs, for example, R&D, EII and KEEP. 

Consolation for business was necessary, and trust in the economy was fundamental to the spending limit 2020. Backing for business was unmistakably apparent all through and was intended to alleviate the anticipated macroeconomic aftermath of no arrangement, which, as indicated by the Department of Finance will see a drop in GDP development and work development contracting to 0.8%. 

It is evident in spending plan 2020 he proceeded with a certification of Ireland’s organization assessment rate and our more extensive expense system as a significant factor in advancing venture here during an era of developing common vulnerability. There were no curve balls that he referenced forthcoming changes around move valuing difference, and the counter cross breed leads to guarantee our expense system is straightforward and practical. 

The message, however, that regardless of the worldwide monetary standpoint Ireland is as yet the spot to work together was conveyed. It was vital for business support for financial strength and assurance of treatment in an advancing global assessment condition. 

From an individual duty point of view, changes were negligible. While we saw no progressions to the annual expense groups, the independently employed duty credit was expanded, and the Special Assignee Relief Program (SARP) and the Foreign Earnings Deduction (FED) were reached out to the finish of 2022. 

What we have seen today is a proper financial technique. The structures have been set up to help the economy should hard. Ireland has endeavored to get where it is today in monetary terms. Our adventure over into the dark has not been pure, and nobody needs to see a turnaround. However, no arrangement is an over the top reality, and Ireland is too uncovered Budget 2020. 

True to form in spending plan 2020, on balance, the financial limit as it identifies with property, contains little as far as assessment measures. 

The lodging emergency thunders on and although pointers are that house costs are leveling off, this is presumably more to do with fears over Brexit and home loan confinements, forced by the Central Bank, instead of supply staying aware of the interest. To accord is that we have to work in any event 10,000 additional homes for every year to adapt request. 

In spending plan reported an expansion in the pace of Stamp Duty on the business property from 6% to 7.5% from 12 PM. He said that this division ought to have the option to support this expansion without critical effect. Ordinary transitional courses of action will apply for exchanges in process. 

It will obviously, affect house costs because, although the pace of 2% stays on private buy, the arrive on which those abodes are manufactured is viewed as business land for stamp obligation purposes. There is an assessment discount system accessible to discount the distinction on fulfillment of the homes, which would decrease the stamp obligation to 2%, and this will proceed. In any case, this plan has demonstrated mind-boggling and hard to the benefit of practically speaking. Ensure and secure your home by taking the house insurance in Ireland. 

There was worry that the pace of stamp obligation of 2% on private properties with esteem over a specific limit would likewise be expanded. In any case, this hasn’t occurred. Maybe the dread this would discourage further speculation by enormous scale reserves, and institutional purchasers have impacted the choice to leave the stamp obligation rate on private in its present condition. 

We have to urge such financial specialists back to the market, and a slower pace of assessment ought to be considered. The reserve speculators and the Real Estate Investment Trusts (REITs) have a viable 20% rate so why not coordinate that for those in the populace who can stand to help reconstruct and rehouse our kindred residents. It would be a reasonable measure.

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When dealing with finances we come across various situations where our expenses sometimes go out of hand, maybe due to unexpected expenses or due to overspending. These expenses can either add up to your debts or you can easily pay them back by taking the loan. They are a solution to every financial issue that you may face. Loans are the sum of money borrowed that is required to be paid back with interest.

For any unplanned expense, emergency or paying for on-going debts, loans are really helpful. You can take these from the bank or any other financial institution. Many loan options are emerging online.

Everything costs a lot, from buying expensive smartphones to going on a dream vacation, studying at best college or planning to buy a new car, this is where personal loans are quite like a friend in need. These work as a quick fix to all your personal financial needs. 

To get approved for loans one needs the right credit score, which is a statistical number that checks the creditability of the borrower. It assures lenders that the money they are giving to the one in need would be able to pay back.

Types:

Unsecured loans do not require putting any kind of security in exchange for a loan such as a house. It is quite risky for a lender that’s why they charge a slightly higher annual rate. Your approval for such loans depends upon your credit scores. A repayment plan is decided and the term of return usually ranges from 1 to 7 years. 

On the other hand, secured loans require putting up collateral which makes it safe for the lender. In this, you can borrow against your car or house or any other asset. Loans such as car loans or house loans come under these.

If you are looking to take up a loan without disturbing your budget, the fixed-rate comes quite handy. They have a feature of fixed-rate and monthly payments. Here you don’t have to worry about payments changing. It’s the best option if you are looking for consistent loan options.

Comes with a standard rate set by banks, Variable rate usually carry a lower percentage rate. Depending upon the fluctuations on these standard rates can affect your monthly payments and total interest rate; they can rise and fall along with these fluctuations. 

In Debt consolidation loans, all your debts are combined into one debt amount that needs to be paid back. This becomes a new loan. They carry a low annual percentage rate, these loans easily make paying back loan quite easy.

If you have poor or no credit score then co-sign loans are your friend in need. Here, all you need is someone to promise to repay in case you fail to do so. Adding a co-signer helps in strengthening your chances for approval who also benefits by getting a luxury of low rates and flexible terms. The only issue that you can face is finding someone with a good credit score.

Peer to peer lending is an online platform where you can easily apply for loans by cutting the middleman between you, the borrower and lender. All you have to do is submit an online application with your requirements and documents.

After a thorough background check, a lender will contact you and if your credit score is good you get the loan instantly without any hassles and minimum paperwork. Here, you get the benefit of getting a fast loan especially in case of any kind of emergency. So with easy application, reasonable interest rate and hassle-free funding is quite a popular option for taking loans.

A personal line of credit works like credit cards, instead of getting lump sum amount you get access to a credit line from which you can use money depending upon your needs. These are best when you need for any current ongoing debt.

Other types: 

A payday loan is a short term loan which is quite affordable; they are best since they offer low-interest rate. They are offered by federal credit unions, but their repayment plan is quite longer than other loans.

Credit card cash advance offers cash advance that you can borrow on your credit card available balance.