Secured Business Loans are loans taken by the borrower to start or enhance a business with collateral. The borrower needs to pledge any of his property or asset. The debt is hence secured against the collateral provided. In the event…
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Secured Business Loans are loans taken by the borrower to start or enhance a business with collateral. The borrower needs to pledge any of his property or asset. The debt is hence secured against the collateral provided. In the event…
What is the CGTMSE Scheme? A brainchild of the Ministry of Micro, Small and Medium Enterprises, the CGTMSE Scheme is a unique offering which aims to bridge the gap between a business idea and its execution, offering financial support to…
Fees and Interest rate charged under CGTMSE Scheme Being a scheme which is implemented by Member Lending Institutions (MLIs) on behalf of the government, there are certain fees and charges associated with it. One can classify the fees into two…
Any collateral / third party guarantee free credit facility (both fund as well as non-fund based) extended by eligible institutions, to new as well as existing Micro and Small Enterprise, including Service Enterprises, with a maximum credit cap of 200 lakh (Rupees…
Steps to Follow for Loan Application under CGTMSE Scheme First of all, you can’t apply for the loan under CGTMSE Scheme online. You have to contact to the banks nearby you. Broadly, there are four steps for applying for the…
What is the CGTMSE Scheme? A brainchild of the Ministry of Micro, Small and Medium Enterprises, the CGTMSE Scheme is a unique offering which aims to bridge the gap between a business idea and its execution, offering financial support to…
The following are the smart things to know before co-signing a loan:- 1. A co-signer takes responsibility for a loan, in case it defaults, without being a co-borrower. 2. A co-borrower is a co-owner, shares the loan proceeds, undertakes to pay the…
You can get collateral free Business Loan in India but it has certain limits on borrowing capacities. Lenders will not be ready to provide loan more than that particular limit. FundsTiger is an Online Lending Marketplace where you can avail collateral free…
The following are the factors to be considered before the process of borrowing:- Better Analysis: The debt may be worthwhile after careful assessment of risks. A crop loan taken while sowing looks up to a possible good harvest an educational…
The following factors can help you in the process of taking a loan: 1. Ensure timely repayment:- Never miss a loan EMI repayment. Your loan repayment should be discipline make sure you don’t miss the payment. Missing an EMI or…