Archive for : April, 2015
How great would it be as a startup owner to have access to a huge pool of money to finance all you future plans and ideas? It does sound like a dream come true. Money is certainly the most basic thing any businessman would need to grow. But not all are lucky enough to have enough in saving accounts to finance their dream. But for those who don’t possess much of capital but courage to dream big, there are business loan in Delhi to help them. It is arguably the most advantageous way to raise fund for the next big thing.
Credit is all you seek when you need money to start a new business or to expand an already existing one. And hence this term “Business Line of Credit” comes into play. It is lot like a credit card. A lender provides you with a certain amount of fund, which you can access at your will, without applying for the approval again and again. And you repay this amount through installments.
To qualify for business funding, business owner needs to present lender with an impressive tax return exhibiting positive income and low debts. Another most important thing is your credit score. Better is the credit score, better will be the chances of your loan approval.
Interest rates play a crucial role in all kind of loan repayments. Especially in business loans, when you are uncertain about your future profit, interest rates can be way more crucial than it might have been in any other type of loan. So when you go out looking for a lender to get funds for your business, make sure you give preference to the interest rate while comparing different lenders.
A great entrepreneur knows how to handle the fund and maximize the profit very well. You better have these skills if you are aiming for stress-free business operations after you’re done using the entire fund that you’ve been provided. If you are unsure about how to use fund for maximum profit, make sure you have someone by you side to help you with that.
Opportunities don’t knock at doors very often but when they do only weak-minded let them fly away. Business loan in Delhi provide businesses with opportunities which if grabbed with both hands and utilized with adroitness, results are always cheering and constructive.
Project loans are generally defined as a long term secured debt extended by public and private finance institutions to the corporate sector. Project loan in Delhi are provided to businesses to finance their long term projects maturing between 5 to 15 years. The funded amount is then repaid through monthly or quarterly installments or by sharing the profit. All the funding and repayments are governed by loan agreements and undertakings.
Since promoters and equity shares cannot fulfill the capital requirements for a big project, that’s where project loans come into picture. These loans are regarded as a long term source of funding to finance long term projects in industries like real estate, manufacturing, and telecommunication.
These loans are highly suitable for the type of projects that require heavy funding. Such projects are long in duration and in which complete investment is not possible by a single investor or promoter. Since big project take a good amount of time to produce good returns, a long term perspective becomes imperative to sustain the business operations.
Project loans are usually provided by big banks and reputed private lenders. Sometimes a project takes more than two lenders to come together to fulfill the requirement of the funding. Projects can range from expansion of business to technology upgradation. And the underlying fact is that project loan can be secured for any corporate purpose given it extends for at least 5 years.
One of the most important advantages of going for project loans is financial leverage. With funds provided by a lender, you can try to magnify the returns to your equity shareholders. This apparently helps the management of the organization achieve the core objective of capital maximization and also to preserve the control and share of present shareholders.
Repayment in project loans is done through installments just like in any other loan. These installments consists both principle and interest. Generally, the interest rates are decided by the lender’s policy and borrower’s cash flow capacity. Duration of installment is also decided under the loan agreement. It can be monthly, quarterly, annually, or even biannually. Installments are structured considering the type of borrower’s business. There is also a grace period in which bank or lender asks for very low installment or no installment at all.
Maturity of project loan usually extends from 5 to 10 years because forecasting the situation of business beyond 10 years is a difficult task to do. All these important points are mentioned in the loan agreement which is formed after long discussions and negotiations. For any other enquiry on project loan in Delhi, write us through comments.
Read More: How to approach for Project Loan in Delhi
Right when you decide that you are going to take home loan to buy yourself a new house, the dilemma over choosing the lender starts baffling you. Sometimes it turns out to be the most strenuous job to find a lender. With every single person suggesting different names, it gets messier and too difficult to choose the most appropriate option. Since buying a home is probably the largest deal you’ll ever make, you should never hesitate to devote time to make things work in your favor. In the similar context, when you look for home loans in Delhi, it is necessary that you utilize each available resource to find the best deal.
So here in this Blog, we will understand how to compare home loan schemes of different lenders. There are various elements that need to be compared individually while comparing home loans. We will unearth the most crucial ones of them one by one.
The most important part of a home loan is the interest rate. Government institutions usually offer home loans at similar interest rates, but it tends to vary with different private lenders and financial institutions. Interest is categorized into two parts – fixed, and variable. When it is fixed, interest rate remains same for the life of loan. While in case of variable interest rate, you pay installments at a fixed interest rate for a particular interval of time and then it is revised as per the norms.
Next thing that is important from the comparison point of view is – APR. It is annual percentage rate after all costs are financed. Make sure you compare it as well, as it has the potential to make a huge impact on your installments.
Next on our list are lock-in fees or rate lock. It protects the borrower from rate fluctuations for a fixed duration. During the lock period, fluctuations in rate will make no impact on your payment. So don’t forget to compare it and choose the most suitable one.
Now comes the application fees. It is set by the lender and is usually same for each applicant. It is the amount that has least tendency to differ from lender to lender. So you don’t have to bother much about it. This should be last on you comparison list as it makes the least impact on your payment.
Once you submitted the application, your application is processed and you have to pay for that as well. Processing fee has greater tendency to vary from lender to lender, so make sure you compare it.
Certainly there are many other costs involved when applying for home loans in Delhi. Surveyor fees, homeowner’s insurance, title insurance, escrow fees, inspection fees, and taxes are some to mention. So make sure you do your homework before you make a deal. Comparing different lenders will get you a different experience that will definitely be satisfying for a long time.
Getting a Home loan in Noida was quite easy till Reserve Bank of India (RBI) announced a series of monetary standards that constricted the norms for home loans. Banks and lenders used to attract maximum borrowers with lenient eligibility criteria, attractive schemes and competing interest rates. Now finance institutions are restrained from selling teaser loans, and are suggested to follow the mandatory guidelines while approving home loan applications. So in this blog, we will discuss the reasons of loan application rejection and how to ensure that your application doesn’t get rejected.
Considering the new norms of loan application approval, there may be several reasons for the rejection of your application. Here we will discuss the most basic areas where an applicant cannot afford to make a mistake.
Now when you know the most basic causes and preventions of rejection, I hope getting a home loan in Noida will be much easier for you. Key is to pay attention to each and every aspect of loan application whether it is about your personal information or about your credit history.
It’s always hard to prepare for what we don’t expect to happen or something that is bound by uncertainty. Money, in all aspects, is all we need to make sure that everything goes well. And today, if you have a property, you can easily get through with the situation where you need money whether it is buying a new car, any medical emergency, family holiday, or repayment of your personal debt. For people who own property in Delhi, different financial institutions offer deals on loan against property in Delhi. In compliance with RBI guidelines, almost all public and private lenders provide offering on loan against property.
The biggest benefit with loan against property is that it is much easier to get. And the interest rates are the icing on the cake. Rates are pretty lower in loan against property as compared to other types of loans such as personal loan etc.
The moment you feel the need for the amount of money that your saving account cannot fulfill is the perfect time to go for loan against property. All you have to possess is a property with the value slightly above the amount you want as loan. Loan against property is one of the easiest loans to get as lenders just want a verified and undisputed property as collateral and nothing more than that.
There is no straightforward answer to this question as the amount of the loan depends on various aspects including policies of the lender, and market value of your asset. Lenders usually grant 50-60% of the market value of the property. So if you have a property worth rupees 1 core, you may get loan of rupees 50-60lakhs.
Loan processing charges varies with the loan amount. So make sure you apply for the amount that you actually need because you surely don’t want to add any extra burden.
Since India is one of the fastest growing economies in the world, people here look to explore all possible opportunities to grow and get big. Many go for setting their own enterprise, many to invest in someone else’s idea, and many to expand their business globally. So here in India, loan against is absolutely is turning out to be a success for finance companies.
Finding a helping hand in the time of need for money is no more a problem. There are firms like myloanbazar.com to help people looking for instant need of money for any random purpose through loan against property in Delhi. So why sell your property when you can have money without losing the possession.
Real estate is undoubtedly the most grooming sector as more and more people looking to invest in it. It has become more profitable over past few years and nothing seems to restrict its growth in coming years as well. Best place to witness the magnificence of this huge sector is in or around Delhi. Capital of India is home to some of the most amazing townships and commercial properties. And credit of this transformation goes to Builders, their teams and funding institutions who provide Builder Loan in Delhi.
Life would be much easier if we could just do whatever we want without money. But the world around us doesn’t work that way, so we have to have money to get things done. Real estate is one of the sectors where initial investment is very high. Builders need a good amount of capital to start a project. And since it is way too difficult to get equity investors right in the beginning of the project, builder’s loan is the only option a developer is left with.
There are several ways by which a builder can secure funding. But approaching financial institutions that provide builders loan is the best way known yet. A builder can also approach banks for the funding, but with banks, the biggest issue you may face is when they ask you to prove the outstanding credit rating. In that case, you only friend is a private financial institution.
Private financial institutions can provide you builder’s loan even if you have little low credit score. The only thing that matters while seeking loan from a private institution is the quality and profitability of your previous projects. But if you are new in the business, you may find it bit difficult for secure the funding. In that case, you will have to prove your capabilities with a sound proposal.
With easy repayment options and a wide range of funding amount, these private financial firms have made it much easier for builders to put the best construction work forward. Offerings by loan providers in Delhi-NCR are constituted around real estate developer’s project acquisition and construction cost based on their detailed analysis of the project.
We are witnessing the peak of real estate development. If you think you can contribute to this transformation in infrastructure industry of India, make a move now. Builder loan in Delhi is no more a tough thing to get. “This world is full of support if you have the courage to come forward.”
In general language, project loans are also known as project finance. So let’s start with a basic definition of Project finance. According to Wikipedia – it is the long-term funding of infrastructure and industrial projects based upon the estimated cash flows of the project rather than the balance sheets of its equity investors. We can also look at project financing as a method to gain funds for projects that provide some public benefits. Some of the most common projects for which project loan in Delhi can be used are hospitals, public housings, and nursing homes.
These loans can be availed to finance variety of projects and the repayment of these loans is done through the cash flow after completion of the project. A lot of people seek this type of loan to set up a new business and a lot other to finance their ongoing projects. It is regarded to be the best option to go for project loans because no collateral is required to get the approval done. In this type of loan, you invite potential investors to invest in your plan or business and then you promise them some specific profit from your business as reimbursement.
Now let’s discuss how one should approach for project finance. The biggest problem that almost every loan seeker faces is to find investors who believe in your ideas as much as you do. So the most crucial thing that you should address with proper understanding and creativeness is how you present your business plan or idea to the people you are targeting. Without making it look better and profitable for your equity investors, you cannot achieve what you are aiming at. All depends on how effectively you can present your idea and your ways to make the most out of the funding.
Everything you put into your presentation must be concrete and should sound effective. Make sure your figures and stats strike right where they are meant to. Recheck your proposal as many times as you can and make sure there’s no such point that could give negative perception about your plan.
Try to answer some most common question that you think may arise in investor’s mind. Putting your view about how you actually going to make the idea work, how is cash going to flow, and what are your future plans is great thing to do. It would be extremely great if you can manage to present how your idea is going to benefit the each individual investor.
Before making plans there are various things you must consider such that the field of business, your target audience, and your competitors. With all these things right on place, you can easily get what you want. There are several institutions in Delhi that help people set up and grow their business by funding them.
So start preparing to attain project loan in Delhi now and let your idea change your world. In case you ever find yourself in a dilemma over funding related issues, never hesitate to discuss your queries with professionals.
Being your own boss is one the best feelings one can have. Isn’t it? Yes, that’s why we all at some stage of our lives think about having our own business. Best thing about being your own boss is that you make the rules, you work for your own profits, and you do what you want to do. But to set up your own business and to implement an idea, plenty of money is required. Especially in a city like Delhi, where to achieve the biggest you have to start at least as big. But since you absolutely have no idea about what lies ahead, you cannot risk your savings to set up a new business. So the best thing you can do is to go for business loan in Delhi and give wings to your dream.
A lot of people think of equity investment to attract investors to their idea. But that certainly isn’t a good idea if you are aiming for a larger profit because your profits will be shared with equity investors. While with business loans, lenders have nothing to do with your profit. They just claim their interest on the amount they have lent you.
If you choose business loans over equity investment, you retain the ownership of your business which I think is the greatest thing to have. Business loans are available for all sorts and sizes of businesses, also for business expansion, enterprise setup, or any other commercial investment. So in one way or the other, with business loans, you are always a happy person. A person who goes home with better attitude each day because he works for himself and definitely earns more.
But getting your loan approved from a lender can sometimes prove to be the most daunting task. The most effective tip you can use for the quick approval of your loan is to present your idea of business as one of the most innovative ideas of the time. Make the lender believe that your business is low on risk and you can successfully repay the amount with timely installments. You may also have to present collateral for you loan to boost the approval. So make sure you have everything ready before you apply for the loan.
Generally there are two types of business loans. One is secured loan and the other one is unsecured loan. In secured loan, you have to pledge collateral with the lender as security i.e. in case you fail to repay the loan, the lender will have a right to sell that collateral to get back his money. You can retain the legal title of the assets you are naming as the security. Also, it allows you to conserve your cash and working capital. You can also use the fund through secured loans for other purposes like clearing your debt.
While in unsecured loans, you get similar benefits as in secured one except that you don’t have to offer any collateral for the loan claim. But these loans may entail higher interest rates and might be more difficult to get especially for start-ups.
So it’s totally your choice which type of loan you want to claim and how you want to use it. And if you haven’t started to look for a reputed lender for business loan in Delhi yet, then make sure you do it now. It’s never good to make your dreams wait to come true.
First of all congratulations on building you dream home. It is undoubtedly one of the world’s best experiences that you’re going to cherish throughout your life. Building your own in Delhi is a total fun, given that your decisions are based on proper knowledge and wisdom. So here in this Blog, I have tried to put some really important information about Builder Loan in Delhi. I hope it will help you big time to understand what builder’s loan is and how you can get the best out of it.
In general usage, builder’s loan is also known as construction loan. It is a short-term loan that is used to pay for the construction of your home or you can say the loan that helps you pay the builder’s bill. It is completely different from a home loan. You need this type of loan when your home construction at the final stage.
Since getting a mortgage can always be always tricky, people who cannot afford to pay the builder’s cost should always opt for the construction or builders loan. These loans are specially customized to pay the builder’s charge. Now I am sure you have understood what construction loan is all about and it’s time to have a look on other aspects of builder’s loan.
One thing that you must have before being able to apply for the builder’s loan is a trustworthy builder. Bank and lenders provide you loan on an estimated value of your home after construction. So it is necessary that you trust your builder and the best way to do is to find an already qualified builder.
A qualified builder is a licensed constructor with a clean image and proven record of his quality work. It might take you a good amount of time to find such a builder but once you have it, nothing can stop you from being qualified for a construction loan. And I guess that’s all what matters.
At the time of applying for the loan you may be asked for the detailed specifications of your home. Again, that’s where you need your builder to put together a comprehensive list of specifications. So certainly, there is no way you can make it easy to get a construction loan without getting a qualified and skilled builder at a very first place.
Now when you are qualified for the loan, bank or lender starts paying the amount, you agreed on, to the builder. But they do not pay the builder all at once. Lenders schedule draws at regular interval of time where builder gets the money to carry on with the project.
Just like to any other loan, you need to pay interest on construction loans as well. But what makes the repayment of construction loan more feasible is that you pay interest only on the amount that has been paid to the builder not on the entire amount that you are borrowing.
In Delhi, building you own home is like the most expensive thing to do. But you definitely not need to worry if you are determined to build a home where you can live happily with your lovable. You can easily get builder loan in Delhi anytime you want. So just go ahead and make your dream come true.