If you’ve borrowed a loan before, or own a credit card in India, then the credit bureaus authorised to operate in the country have access to your credit history. In India, there are 4 credit information companies (CICs) that compile and assess individual and company credit reports, also known as bureau reports. CIBIL and Experian…
If you’re looking for a business loan, your Udyam Registration is one of the supporting documents you can give the lender to get the loan. The Udyam Registration Portal was launched in 2015. Overseen by the Ministry of Micro, Small and Medium Enterprises, Government of India (GoI), the Portal provides a unique identification number to…
Aadhaar is one of the most important forms of identification in India. Adopting a user-centric approach to the Aadhaar programme, the Government of India has invested in multiple ways for residents to get an Aadhaar ID. You can avail of Aadhaar services offered by the Unique Identification Authority of India (UIDAI) anywhere in the country…
If you’re a resident of India, you need an Aadhaar card to access numerous services offered by financial institutions and the state and central governments. Your Aadhaar ID stores your demographic and biometric information and is a required document when you are applying for a business loan. Throughout your lifetime, some of your demographic information…
Aadhaar is one of the most important forms of identification in India. Whether you’re travelling across the country or accessing financial services like opening a bank account or applying for a business loan, you need to provide your Aadhaar card for identification. Aadhaar IDs are issued by the Government of India and are accepted in…
As a small business owner just starting, it’s good to know about all the funding options available to you. One such option is a business loan. A business loan is a multi-purpose business funding option, and you can get one with or without any security. Before applying, a few things you should consider are which…
As a small business owner, you need to be aware of all financial solutions available for you to use. As an SME, you can apply for a business loan to cover your business’s financial needs, but there are many things to consider when applying for a business loan. These include which lender to apply with,…
When you take out a business loan or buy an item that you wish to pay for later, you can opt for the EMI payment option which allows you to pay for it in instalments over a set period. EMIs are the most common method of loan repayment and are also used as the primary…
If you have ever gotten an SME loan, you may be aware of what an EMI is. When you take out a loan from a lender, they don’t expect you to pay back the entire amount immediately or in one go. Instead, you are required to repay the loan in monthly instalments, over a set…
When you apply for a business loan, several documents are required by the lender to verify your information before granting the loan. These documents help lenders verify the information filled out by you in your business loan application. One of the documents that lenders ask for is a “cancelled cheque” before granting you the business…
