We all have our own financial goals. Some save for shorter-term dreams – be it a wedding, a house, a car or may be a vacation while other might be seeking long-term investment schemes for their retirement years. To succeed in these goals there are a plethora of investment options too. But, the most difficult question is Where to Invest Money?
By and large, every investor desires good ROI with the substantially low risk of losing money. To make it easy for you here is a list of top 5 Investment Options in India popular amongst investors.
1. Fixed Deposit: It is the most common financial instrument available in the Indian market today. Investors consider is safe and easy to open. Depending upon the given maturity date it offers compounding returns of up to 7% per annum, it is comparatively higher than returns offered by savings accounts. Being an FD holder with the bank, you can also avail the additional services such as a loan against FD certificate.
2. Public Provident Fund: No matter you are salaried or self-employed you can open a PPF account with a minimum initial deposit of Rs. 500. The interest rates on PPF account is announced by the Ministry of Finance, GOI, for every quarter. The current rate of interest is 8% p.a. (October 2018-December 2018). It is compounded annually. The lock-in period of PPF account is 15 years. After a 7th financial year you are eligible for partial withdrawals and on maturity, you can withdraw the money in full or go for an extended account. Also, loan facility is available after the 3rd financial year.
3. Stock Market: The stock market is a marketplace where securities and ownership stakes in organizations and businesses are sold, bought, issued and traded. Assumed to be a risk investment it comes with its fair share of plus sides and downsides. Before making an investment decision – you must have proper knowledge of how to analyze the stock. It provides average ROI in the middle of 7% p.a. to 10 p.a. Examples – National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
4. Mutual Funds: With the recent advertisement, Mutual funds are becoming an increasingly popular investment option in our country. Offering a great alternative to the stock market, you can start with investment in mutual funds if you lack the proficiency to evaluate stocks. Most popular types of mutual funds are equity funds, debt funds, money market funds, income funds, fund of funds, specialty funds, index funds etc. These funds are managed by professional fund managers who have specialized knowledge about investing in the various asset class.
5. Peer to Peer Lending: Peer to Peer lending is one of the safest alternative asset class to build their wealth in short duration. The ROI is higher in comparison to traditional investment options such as stocks, PPF and mutual funds etc. You can invest in high yield Online Loan and earn highest ROI of up to 36% p.a. Investors can also diversify their portfolio into various credit risk profiles. With reinvestment, this investment offers compounding returns. It is a reliable and attractive investment options for salaried Person to include in your portfolio.
Is it true that you are a self-motivated business person whose aim is to live the entrepreneurship dreams? Is it true that you wish to grow your medium-sized venture (SME) into an MNC with the globally renowned name? Do you have faith that all you need is a little capital to give wings to your business? All things considered, you can take a Business Loan to build from Peer to Peer lending platforms to actualize your business dreams.
Benefits of a P2P loan for business
Considering the current financial atmosphere in our country, SMEs are in a steady need of cash to expand their establishments, meet business working capital, or to open new business lines. Business loan, either from customary sources or NBFC-P2P lending platforms, can give ideally fulfill budgetary necessities.
1- The cash flow
P2P Business loan credits can be used both to support employee incomes or to increase business edge. You may wish to open another branch, fund marketing effort, purchase new machinery and add to stock for regular business operation and much more… A short-term loan for new business can help you admirably. You can meet your business objective with ease.
2- Speedy loan disbursal process
New age P2P lending platforms are offering a tremendously low competitive interest on loans for SMEs. The loan application process is basic, friendly and hassle-free. Faircent, being India’s leading P2P lending platform offering an alternative financing option for businesses. In a few basic steps with 100% electronic process, you can get your loan amount of up to INR 10 lacs with this P2P lending platform.
3- Collateral free finance
P2P lending platforms facilitate loans to a wide-ranging SMEs, for instance, B2B consultant, manufacturers, industrialist, commercial, brokers, or wholesalers. You can get Loan for Business without Security with NBFC-P2P lending platforms. Your business will get evaluated based on your income stream and revenue growth.
To know your eligibility for business loan use – Loan Eligibility Calculator and know the loan amount you are eligible for.
Loan for Business without Security
Loan Eligibility Calculator
Peer to Peer lending (aka P2P lending) is an alternative asset class that allows investors to earn ROI (returns on investment) as high as 26% per annum. It is considerable high in comparison to traditional investment options such as mutual funds and money markets. Here are a few facts you must know, before getting started with it!
P2P Lending Facts:
Considering the costs of living and rising inflation, returns from P2P lending can beat these odds to help you achieve your financial goals successfully. If your aim is higher retirement income, then P2P lending can be Best Investment Plan. Find an RBI registered and well-established P2P Lending platform that is transparent about its working policies and track record.
Best Investment Plan
Online Personal Loan
Self-employment makes you master of your own world. However, it has its share of challenges too. A personal loan can come to your rescue when you are in immediate need of cash. All major lending platforms facilitate a Personal Loan for Self Employed, to help you live an independent lifestyle and to get going your gig without financial obstacles.
Here is your Guide!
What is a Personal Loan?
The personal loan is money borrowed from a financing institution that you pay back in fixed monthly payments, typically over 6 months to 3 years. The interest rates on a Personal loan can range from 12% to 36% APR. It is an “unsecured” type of financing – not backed by any asset as a security or collateral. The major advantage of personal loan is that you can utilize this money for any reason such as a wedding, business funding, home appliance purchase, home renovation, education, debt consolidation and vehicle purchase.
Things to Keep in Mind While Applying for a Personal Loan:
The Credit Score:
The Lending platforms make their decisions based on certain credit risk factors including your credit score, debt to income ration and financial background. You must have a good credit score, above 750, to qualify for funding. Not surprisingly, consumers with excellent credit report receive the minimum rates on personal loan. You can also apply for a secured loan by offering collateral or co-signer loans to get better rates.
Income Tax Return:
It is important to file ITR in your own name for the income you make from your business. As a self-employed professional you must not take the income tax process for granted. File proper papers and follow due process of ITR. Banks and NBFCs and NBFC-P2P lending platforms are generally quite strict in requiring ITR of past 1-3 years of self-employed people applying for a personal loan.
Most banks and NBFCs put a lot of emphasis on the revenue that is generated by your business. Revenue or sales in some terms is the money you make by selling the products/services of your business. This is just the gross income you make and does not account for the costs you incur on business. Most banks look for revenue in the vicinity of Rs.50 lakhs per year while extending loans to self-employed professionals but some NBFC’s are willing to consider businesses generating Rs.12-15 lakhs also.
Profits / Income:
Your profits and Income from the business is the most critical factor to gauge your repayment capacity. Just like in the case of salaried employees, the monthly disposable wage (salary minus the existing overheads) shows your ability to pay back the debt. The prime factor for self-employed professionals is the income or profits they make from the business. Some financial institutions are strict in mandating Rs.5 lakh as your net income while some Peer to Peer Lending platforms are lenient in allowing even Rs.2 lakhs as the net income.
Last but not the least, you must compare interest rates on Instant Loan in India from multiple lending platforms before choosing. To know your loan EMIs you can use EMI Calculator for Personal Loan. Go for the Personal loan with the lowest APR. It will be the least expensive.
Instant Loan in India, EMI Calculator for Personal Loan, Personal Loan for Self Employed
Home maintenance task is not as easy as it seems. As your home undergoes considerable wear and tear over the years. If you are thinking about renovating your home, it is wiser to plan all your financial beforehand. The easiest way to secure funding for your home renovation project is by apply for a Loan for Home Renovation.
Today all major financing institutions provide this kind of funding at best rates. You can apply with Banks, financial companies and with Peer to Peer Lending platforms.
Features of a Home Renovation Loan
The eligibility criteria of the various lending platform may differ. Individuals with decent credit history can get best possible interest rates on the home improvement loans. Other factors necessary to qualify for loan are your repayment ability, debt to income ratio and valid income proofs. Also, you may have to pay a nominal loan processing fees depending upon your loan amount.
Check out Instant Personal Loan for Home improvement offered by Peer to Peer (P2P) lending platforms to get the best rates!
Loan for Home Renovation
Peer to Peer Lending
Instant Personal Loan
P2P(Peer to Peer/Person to Person) lending, is also known as the “social lending”. It is becoming a popular and noticeably new asset class of investment, offering lucratively higher returns on online investment with better diversified risk. It pairs investors (lenders) with borrowers (individual or a business) via an internet lending platform.
Listed below are some reasons to choose Peer to Peer Lending for Investment:
If you are looking for alternative investment options, then P2P Money Lending Online is strongly suggested. Lender’s directly invest in consumer loans including personal loans and business loans. Due to lower operating cost and less overheads to maintain, P2P lending platforms offer significantly higher returns, which are less prone to market risk. Thus, investors are considering P2P lending as a must-have short-term Online Investment plan in their investment portfolio.
Money Lending Online
Peer to Peer Lending
How to Invest Money
People dream to plan a wedding that is as grander and memorable as possible. From buying a stunning designer lehengas to booking beautiful wedding venue, best caterers in town and a professional wedding photographer etc., wedding expenditures endless; not to forget the wedding gifts, gold and diamonds if you prefer, that is a must wedding purchase.
Undoubtedly, Indian weddings are a grand affair that demands careful financial planning and budget preparation. A typical Indian wedding cost anywhere in the middle of Rs. 5 to 10 lacs; and next is your honeymoon and home furnishings planning that adds to your post-wedding expenses. Luckily, Marriage Loan is available, to help you plan your wedding with great pomp and opulence.
P2P Personal loan to Finance your wedding
Personal loan for wedding is strongly suggested because of two central reasons; first, so that your wedding celebration doesn’t leaves any dent on your long-earned savings, and second to help you stick to wedding plan with fixed budget, which you can obviously payback in the form of easy, fixed monthly EMIs.
Today, other than official financial institutions, alternative funding options are available. One best platform to apply for Personal Loan for marriage is with Peer to Peer lending, offering loans without any collateral or security; interest rates can be competitive but fixed. The Personal Loan Eligibility criterion is also qualifiable, as it follows a crowd funding model to provide funding by means private lenders. Lender invest in personal loans to earn returns in the form of interest rates.
Listed below are a few worth considering points to choose P2P Lending platform for personal loan to fulfil your wedding needs –
Apply with P2P lending for a Wedding Loan!
The budget of even a budget wedding can be in lakhs; thus, opting for a personal loan is the best solution. You can easily Apply for Personal Loan Online with Peer to peer lending platforms, to plan a dream wedding and payback in flexible EMIs.
Personal Loan Eligibility, Marriage Loan, Apply for Personal Loan Online
Now, that it’s monsoon, you will soon start to notice things like leaking roof, water swamped in lawn, wearing off paint and much more. . . But you don’t want to spend your savings to fix all these things. The good news is you can get a Personal Loan specifically for home improvement, repair and remodeling purposes. The home improvement loans are easy, flexible and low-cost way of making your home a more comfortable living space.
10 brilliant ways to use a Home Improvement Loan:
Home Improvement Loans are usually offered in range of Rs. 15000 to Rs. 10 lacs with repayment period up to 3 years. Before applying for a loan, you must prepare a concise budget of your home improvement needs. There are numerous banks and non-banking platforms that provide Lowest Interest Rate personal loan for home remodeling and redecoration. With online credit marketplaces, you can get in touch with multiple lenders. So, within few minutes you can get the best loan deal that will suit your expectations and need. Apply for a home improvement loan online now!
Home Improvement Loans
Lowest Interest Rate
Is this the time you consider renovating your home? Or you have been thinking of purchasing a new vehicle, a brand-new laptop, a smart phone or any other kitchen appliance? Is the lack of cash stopping you from purchasing these items you fancy? Why not consider availing a personal loan?
There are times when we get short of our funds and applying for a personal loan is the best solution left to make the ends meet. So right here is a guide on ‘3’ types of personal loan which are easy to get with minimum rates!
Home improvement is an ongoing process. It includes both the home repair as well as home renovation. Plumbing and electrical job are the most common types of repair works that arise without any prior notice. Home renovation tasks such as redesigning the kitchen, wallpapering, bathroom fixtures, installing a heating system and air conditioning etc. all cost money! It is a great relief that there are Home Improvement Loans that you can use to fund your housing repair and renovation projects at home!
Home improvement loans are given out by banks as well as by non-banking financial companies such as Peer to Peer Lending to help you take care of your housing repair cost. So, if you are thinking of improving your home then a personal loan can resolve all your quandaries.
2. Personal loan for Wedding:
Wedding loans are in demand these days. It has become the preferred option for couples to pay for the wedding expenses. Majority of couples incur expenses on wedding dresses, reception, photography decoration, venue, gifts and countless other things. Personal loan for a wedding is a specialized loan that aims to cater to the borrowers who need money for meeting payments related to the wedding. It offers a fixed sum to borrowers to meet all major to minor wedding-related expenses. The repayment period of these loans is spread over a period of 6 months to 36 months, that makes it easier for couples to pay EMIs. You can apply for a wedding loan online that saves both time and effort of the borrowers.
3. Pay off your debts and bills:
At times it is not possible to pay off debt with monthly income and savings alone. In that case, personal loan for debt consolidation comes in handy. This single affordable loan can be meaningfully utilized to reduce the burden of all other loans. You can apply for a debt consolidation loan to clear your debt, pending payments and bills. These Low Interest Rate Loans will make your monthly payments smaller. Thus, helping you save your hard-earned money. Individuals also get an opportunity to rebuild their credit score once you start paying your EMIs on time and in full. If you are hoping to get a personal loan for debt consolidation, then there is no better option for them online lending companies.
It is easier to apply for a loan online with credit marketplace, where your loan request will get funding from thousands of registered lenders. The loan application process as simple as any other account registration process on the web. Personal Loans terms and conditions majorly depend upon the factors such as borrower’s financial background, age, credit history, income status, and loan amount. Therefore, people with good credit score can easily avail lower interest rates on the loan.
Peer to Peer Lending, Low Interest Rate Loans, Personal Loans
Roof of your house is a long-term investment. It is the first line of defense that protects you from severe weather, snowfall, hail, rain, thunder storm and all sort of changing weather conditions. Every roof experiences some level of wear and tear with time. Roof leakage or a lifted shingle, if left unprepared can cause substantial damage to your home or even worse. Hence, it is important to make sure you have a lasting, weatherproof roof that's soundly sealed.
There could be various reasons behind a damaged roof, both natural or due to human negligence. No matter the cause it is imperative to opt for a solution. The Good News - You can avail finance by applying for a Home Renovation Loan to fix your roofing issues immediately. A personal loan gives you money upfront for –
Before applying for a loan, make sure to plan your budget. It is important to know how much financing you need. If it is a small to medium sized repair, you can apply with P2P Lending (Peer to Peer) for a personal loan up to Rs. 10 lacs. Peer to peer lending platforms have different requirements for granting a loan in comparison to traditional financial institutions. You can easily gain the required funds directly from the registered lenders on the platform. It means no bank mediation. These crowd sourcing platforms do not ask for any collateral or security deposit while the interest rate remain fixed during the entire loan life.
For urgent roof repair or home renovation project Personal Loans comes handy! Having your roof renovated can enhance the overall utility of your home. You can proudly showcase your upgraded home to your family and friends. You can easily complete your home renovation milestone by easily availing a home renovation loan. Home renovation loans remove the funding constraint for you to shape your roofing the way you desire. Go ahead; apply for loans online now!
Home Renovation Loan, P2P Lending, Personal Loans
The lending practices are as old as money itself. However, today with the technological touch, online credit marketplaces are gaining enormous tractions. P2P lending platforms directly connects individual borrowers with investors by means of an internet platform, thus, cutting the traditional financial intermediaries from the process. The entire lending and investing process is online. The flexibility of business model leverages P2P firms to offer low rates on personal loans in comparison to traditional banking channels. You can raise funds online with P2P for almost any Personal financial need; listed below are top 6 Personal Loan Purpose
The ease of loan application is what sets P2P apart from tedious loan application process of traditional lending institution. It begins with simple sign up on the platform. To apply for a personal or Business Loans, a borrower should visit website and complete the online registration process. After submitting the necessary documentation - personal identity and financial documentation; you will be assigned a borrower’s risk category. Interest rates depends upon your risk category of the borrower. As soon as your profile is live multiple lender’s altogether will fund your loan request. Thus, the overall procedure lending is simplified with the dawn of P2P lending. Try P2P to get personal loan on lowest rates now!
Personal Loan Purpose
Debt has become a way life particularly for the young population of Pune. To make both ends meet most salaried individuals in Pune apply for a loan; for getting settled in Pune, to purchase new home appliances, to refurbish your home exteriors or interiors, or any other emergency needs. Now let’s say you have 5 such small loans. A debt consolidation loan could be useful to ‘Consolidate’ all these small loans with a single payment. Debt Consolidation Loan is a wonderful option if you tired of managing multiple EMIs. It is the best solution to opt-out of multiple loans in a single go.
What is the best way to ‘Consolidate’ Debt?
P2P! Also known as Peer to Peer (person to person) lending or social lending; it an extraordinary ‘debt financing’ tool; available as an alternative financing option.
You might be already labeled as a ‘defaulter’ by the banks. Not just you, but numerous other average Indian consumer lacking financial knowledge are burdened with skyrocketing debt. For such individuals it is not possible to qualify the whimsical eligibility criterion of official banking institutions. Thus, to break the monopoly of banks and other credit unions, the P2P lending industry instituted.
Here is all that you should know about P2P and P2P debt financing –
P2P lending is a debt financing method that follows a crowdfunding model. It enables individuals to borrow without the involvement of traditional financial institutions as an intermediary. When you apply for a loan with peer to peer lending, a borrower gets funding from an individual or institutional investor on mutually agreed loan rates; thus, eliminating the middlemen form the process. It is basically match-making, the platform connects borrowers with the lender with lucrative interest rates.
Additionally, the lenders (investors) gets to earn high returns on the Online Investment that is comparatively high compared to conventional ways of investment such as share markets, mutual funds or fixed deposit.
The overall process of Personal Loans processing and disbursal is also quite simple and efficient. Thus, if you are getting weighed down due to monthly statements, filling your mailboxes and you are in serious financial stress, then roll down all high-interest rate loans with single P2P debt consolidation loan at more favorable rate.
Features of P2P lending for Debt Consolidation Loan –
Put rest to all your multiple debt worries with the help of debt consolidation loan with P2P lending. There are numerous Money Lenders in Pune, waiting to fund your loan application. All you have to do is ‘Register’ with a credible and RBI registered P2P lending platform in India.
Personal Loans, Online Investment, Money Lenders in Pune
Mumbai is the booming cosmopolitan megapolis; it is the celebrity city of India with major film production and multi-national corporations. Formerly known as “Bombay”; Mumbai is also known as the financial, entertainment and commercial capital of the country. Mumbai locals have well-implemented credit life, and thus the loan requirements are quite high. People require personal loan for business working capital, short term finance, debt consolidation, electronic and home renovation– these are just some of the Personal Loan Purpose to apply for P2P personal loan with Faircent.
Faircent is a credible and registered P2P-NBFC platform fulfilling your unexpected and urgent Personal Loan requirements. We are focused towards bringing your financial life back on track.
Features of Peer to Peer lending Personal Loan in Mumbai
All you must do is Sign up with our platform as a borrower. Once you have registered online, with our hassle-free loan processing and minimum documentation your loan will get disbursed ASAP. For Personal Loan in Mumbai Sign up with Faircent now!!
Personal Loan for Self Employed
Personal Loan Purpose
Personal Loan in Mumbai
From starting a new business to expanding it, the business capital needs are unlimited. It requires ample amount of money to fund expenditure. A business loan can serve as a great utility in providing financial assistance. Today, Peer to Peer Lending Platforms are fueling business funding ahead of standard banking channels; with low interest rates and flexible EMI payback option.
What is Peer to Peer Lending?
Peer to Peer Lending Platform works contrary to the traditional credit instruments, with P2P your loan amount is pooled from various registered lenders (individuals investing money on loans for better returns on investment); you can get a business loan of up to Rs. 10 lacs easily. It follows a crowdfunding model, where lenders either fund the entire loan amount or partially fund borrower loan requirement. Thus, it an attractive option for a start-up to gain business funding.
Components of a P2P Business Loan
One of the top reason to choose P2P Business Loans is that they are collateral free, which means there are no obligations to put your property or any other valuable asset as security. To Apply for a Business Loan Online with P2P lending platform visit website today
Peer to Peer Lending Platforms
Apply for a Business Loan Online
In India, Peer to Peer lending is slowly becoming a lucrative Investment Options for investors looking for market beating returns on investment. Reserve Bank of India has already taken an initiative to regulate this online lending sector; to save the interest of investors and borrowers a like. It follows a crowd lending model to raise loans to fulfill borrower’s financial needs and under this process the investors get repaid in the actual principal they invested and interest rates.
Peer to Peer lending platforms delivering multiple benefits towards helping you plan a financially savvy life:
Peer to Peer Lending Platforms
Strictly speaking, the Peer to Peer lending platforms has only two users:
Peer to Peer lending is popular among both investors and borrowers. By matching the borrowers to lenders; the P2P lending platform demonstrates attractiveness to both the parties alike.
Innovative Approach towards Lending
Anyone who needs to borrow can apply for a loan with Peer to Peer lending platform. These virtual credit marketplaces verify the borrower’s profiles by churning available personal information and credit score by means of their own algorithms. If a borrower matches criterion of the lending platform then the profile is added to a specific risk category. Every risk category – High risk to low risk; defines the predetermined rate of interest charged.
In P2P lending, a loan funding may have multiple lenders. The borrower may receive the entire funding or only a portion of it from a lender. In the case of the latter, the remaining loan amount may be funded by other lenders registered with the P2P lending marketplace.
Investing in Peer to Peer Loans
Peer to Peer lending brings flexible Investment Options for building capital toward meeting your financial goals. Lenders can make a low-threshold entry with a small amount and continue to add money to their lending account as their understanding of P2P investment builds and confidence grows. Investment in peer to peer lending is simple; lenders can select their terms and choose the amount of investment. By utilizing some easy-to-understand financial tools such as investment calculator, auto-invest you can watch your money grow faster.
Every month as the borrower repay the loan amount, lenders can reinvest the returns to enjoy the compounding effect on their returns. Also, lenders can decide the loan tenure i.e. time in which they want their entire invested amount back. At any point in time, you have the full leverage to withdraw your monthly loan repayments instead of reinvesting. Hence, Peer to Peer lending is the most flexible investment options in comparison to other alternatives.
You need to try Peer to Peer Lending Personally!
A lot of people still don’t know What is Peer to Peer Lending? It might sound confusing to those who are not familiar with the concept. P2P lending is all about planning stable returns in the longer run. Thus, preparation and patience matters. Following the right investment approach and estimation of risk-to-reward creates the whole difference.
Peer to Peer (P2P) lending is more than just a debt management tool. It is a financial innovation that has applied the concept of shared financial economy in the credit marketplaces; to transform the way you lend and borrow.
Attractive Returns on Online Investment in P2P lending
The P2P lending marketplaces offer greater returns in comparison to other traditional Investment Options available. It has brought some significant changes in the lending realm.
You must register as a lender with a reliable and accredited Peer to Peer lending platform. Once you are registered successfully, you can see several loan listings of borrowers registered with the lending platform.
It is essential to check the credit-worthiness of the borrowers. Scrutinize the borrower's profile by checking loan purpose, credit score, and risk category allocated to the borrower by the lending platform. Find the right personal loans on which you are willing to contribute. Make a diversified portfolio by selecting appropriate loans that match your expected returns.
One of the fastest growing investment options is P2P Money Lending Online. Various peer to peer lending platforms offers high rates of return on investment, even when you start your investment with a little amount. Register with the best P2P lending platforms to gain optimum returns.
Money Lending Online
First thing to get started with your research is visiting the websites of various loan providers and do the comparison based on interest rates and loan tenure. Borrowers can check online investment calculator, ask family and friends about the best options available for Small Business Financing. This due diligence is an essential part of the loan request submission procedure for small to mid-sized companies. It helps you understand the limitations and prospects presented by different loan benefactors; to draw the full benefits of your loan amount. Here 4 critical suggestions to look when you are applying for a personal business loan for start-ups –
Business Loan Eligibility
After you share your personal details and necessary documents, your loan assessment procedure begins. You can check online the loan eligibility conditions of various loan providers. It will help you ensure the quick loan disbursal. Apply for loans that your start-up can effortlessly service. The initial loan assessment begins with checking your credit score. P2P Loans India platforms have the fastest loan application process. The entire process is online and begins with simple registration on the website. You must check P2P lending options before applying anywhere else.
EMI Calculations Tools
You must prospect your EMIs to plan your repayment strategy accordingly. It is another factor when assessing your loan eligibility. Many times, people end up taking loans which they cannot repay easily; thus, they miss out on EMIs. Therefore, keep a fair idea of your EMIs. It depends upon your loan amount and tenure.
Select the Right Lending Company
The banks are the most common and well-known source for personal business loans in India. However, today there are other alternative and better business funding options available too. Peer-to-peer lending companies offer personal business loans with quick online loan application process, customized low interest rates and flexible EMI payback options. You can simply Online Loan Apply by signing up as a borrower to begin with the loan application process.
Flexible Repayments process
Getting flexible payment schedule is a boon for a business loan applicant. If you apply for personal business loan with the P2P lending companies, you get to choose from a variety of repayment schedule. Also, ask for any pre-payment penalties or any other transaction charges if apply.
Final Concluding Thoughts
While applying for a business loan, it is essential to do your due diligence. A business takes a loan to invest in its growth. Thus, take utmost care while selecting the lending partner for your business’s success. Today, there are a plethora of online lending platforms and tools available for you to take informed decision regarding your personal business loan. Make sure to select the right financial partner so that you can expand your business venture rapidly.
Personal loan is the most popular financial products. It is obvious choice for borrowers when looking for credit options for business financing, wedding purposes, medical emergency, vacation planning or to purchase high-end consumer durable products. Simply put, if you have any urgent requirement of money then personal loan with P2P Lending is the best choice. With Peer-to-Peer credit marketplaces, you can apply for personal loans based on your credit history and current income.
Why P2P lending for Personal loans?
Peer to peer lending is a financial innovation poised to change the way you borrow and lend. By implementing the concept of shared financial economy – P2P has become the best alternative to Apply for Personal Loans Online or to invest money in low-risk consumer loans. By registering with these virtual credit markets, you can enjoy following benefits on consumer loans –
To reap all these benefits, you must apply with the most credible and reliable P2P lending company. Income proof, identity proof, bank statements and earning reports are the basic documents required while filling online application for a personal loan.
There are two types of loans, collateralized (secured) and uncollateralized (unsecured loans). Collateralized loans are those which are secured against some security which the lending partner can seize if you are unable to pay the amount you borrowed. The uncollateralized loans are not secured against any security; the personal loans fall under this category. You must prioritize on choosing a lending partner that offer lowest competitive interest rates.
Finding a Reputable P2P Loan Provider
Applying online is one of the fastest ways of securing Lowest Interest Rate on your personal loans. Today, you can easily apply for personal loans online; by looking at the website it is easier to compare the interest rates and other parameters. Compare the loan quotes based on interest rates, loan tenure, EMI and any pre-payment penalty if any. Shop around for the best and most reliable P2P lending platform.
Ask for Recommendations
The recommendation is the most powerful and trustworthy way to find an accredited P2P lending platform. You can ask your close friends and relatives, if they applied for personal loan in past. Ask for their experience and feedback on the services of the loan provider. Other way around to research is looking into the online Google reviews and message boards. The customers leave their feedback on these platforms. You can even interact with them to have the clear idea who all are trustworthy. However, keep in mind that any business can get one or two criticisms here and there, it doesn’t mean they are not good businesses. You are applying for an uncollateralized personal loan service which regularly get a high rate of grievances from the clients. See clearly all the pros and cons and then take a smart decision.
Read the website thoroughly –
Online P2P loan providers are evidently the straightforward to work with. Since the entire loan application process is online the website of these P2P lending platforms clearly mentions about their policies, terms and conditions. Instead of going straight to the sign-up form, first browse through every webpage to have a clear idea of what next. Take time to read the loan offers and what’s published on the website.
You can always call –
If you have questions regarding how P2P lending works, how soon your loan will be disbursed, or any quandary related to loan amount, tenure or interest rates; then before applying you can simply call the lending platform to discuss. It will also give you a clear idea of their customer support as well.
Need a Personal loan?
Every individual or business have their own reason to apply for personal loan. No matter, what is your personal loan purpose, this financial product is only to help you towards meeting your instant credit needs.
When you need money urgently and you are certain about your ability to payback, then Personal loans is the best choice. It is wise to scrutinize all the loan details by applying online and make sure you apply for the right P2P lending platform.
No matter you are a seasoned investor, or you have just started investing – an Investment Calculator is a wonderful tool to evaluate your expected returns on investment. The basic purpose is to help you set your investment goal. It is a time-tested financial metric tool to compare returns on both long-term and short-term investment plan; to judge the best option that gives a maximum return.
Benefits of an investment calculator –
Investment calculator is fairly easy to use tool to determine which investment vehicle is best for you. While putting figures in the investment calculator be honest towards your financial goals and savings you have. Investment measurement will guide you about the progress in a pre-planned manner. Beyond just principal and time, there are several types of the variable you need to enter to complete the equations.
Listed below are general Variables involved to compare investment terms –
Are you following the right track to meet your financial goals?
Investment calculator is a popular tool for contemplating investment. While using an investment calculator keep in mind to aim for maximum profits. Companies providing investment options feature such basic calculators on their website. To use it free of cost now, simply visit the website of any credible Peer to Peer lender. With the help of this tool, you are better able to figure out the basic return on investment. If the calculated result shown isn’t favorable, then do not get discouraged; you can further straighten your strategy of investing by putting better figures. Ultimately, the tool is about planning towards maximum returns.
The Peer-to-peer lending marketplaces have gained popularity at lightning speed since its inception in 2005, when Zopa was launched in the United Kingdom. Now there is a plethora of P2P lending websites offering a solid alternative of traditional lending custom of banks. The intent is to fund Low Interest Rate Loans quicker, at the same time, securing the investors front by generating expected returns consistently.
When you invest into P2P lending
Your money is loaned out to borrowers, who can be a private borrower or a business. You earn profit on the interest rate charged (which can be as high as 36% per cent per annum). The major risk of P2P investing is the possibility of default by means of bad loans; if the borrower fails to pay back the investors the money they’ve loaned.
Is P2P lending safe? – Pros and cons
No investment is 100% secure. If a lending company is saying your invested money is completely safe, then you are getting lured by frauds. For lender protection, the P2P lending companies have a strong collection process.
How to Mitigate Risk?
Diversification is a crucial step to mitigate risk. Investors have a brilliant option to diversify across multiple risk categories. Diversified investors have not lost money on P2P lending marketplaces. It gives lenders a risk-adjusted return on investment.
Choose a reputed P2P Lending Platform that allows you to spread your investment across a minimum of 20 different types loans within liberal risk grades. Investing small amounts across diversified loans will keep the default rate at consistent levels, thus eventually you can enjoy fair returns.
Despite the downsides, P2P lending is Best way to Invest Money. As they say the early bird gets the worms, so more investors can take advantage of this growing marketplace. There is still plenty of room for growth in the context of chasing the global population of borrowers.
The Business Loan is about working with the cash flow. Either you can utilize a business loan to start a new business or to expand the existing business. The interest rate, amount and loan tenure for a small business loan is generally kept in favor of businesses. Generally, for a small business loan the interest rate is in the middle of 4% to 15%. If the interest rates are too high then there is no point of availing such loans, since a small business organization cannot pay such a large sum.
Business loan is a type of financing to meet the monetary requirements of a business venture. It is the best option when you are in dire monetary needs. These loans are availed with an intent to reimburse. It is offered for a period of 6 to 36 months to solve short-term financial issues.
Purpose of Business loan
The financial sector is rapidly evolving. Previously banks were the only options for borrowers. Today with the arrival of P2P lending, NBFCs, crowd funding, angel investors and micro finance investors, the lending industry have evolved forever.
You might be familiar with loan application process of banks, but P2P lending has opened a new avenue to avail personal loans to Small Business Loans at fair interest rates by means of hassle free online application process. Now entrepreneur and industrialist have multiple options to choose from.
Banks are one of the first institutions that comes in mind to avail a business funding. But the tough regulations and lengthy application process of banks makes them less approachable for a startup and small to mid-size organizations. They need to first verify all your credentials and follow a well-defined process for loan approval.
Banks offer two types of business loans
Peer to peer lending companies have become quite popular these days. These lending companies offers uncollateralized business loans that doesn’t require any security deposit. It is easy to avail a small business loan; the application process is online, easy, quick and requires minimum documentation. Once you match their eligibility criterion, you may get the loan amount disbursed in a short span of time. These online marketplaces have made the whole process of lending hassle-free.
P2P loans Vs Bank Loans
Banks follow a standardized or uniform procedure whether you apply for a business or personal loan approval. But, P2P lending companies have a customized and well-tailored approach for each type of borrowing applications; based on your unique profile.
Business loan eligibility:
Banks lay a significant emphasis on the credit score i.e. your CIBIL ratings. While Peer to Peer lenders go by an advanced approach towards lending a small business loan. Your business loan eligibility is focused on your overall loan repayment ability. But for banks you are you are no more than a credit number.
Speedy application process:
P2P lending companies have developed a cutting-edge technology towards loan application approval. Normally, any banks will take minimum 3 weeks of time before approving the loan, and if you are in quick need of cash then banks are not your peers. With faster loan application process, peer to peer lending companies are better approachable.
Which one is cheaper?
Bank loans are collateralized while P2P loans are uncollateralized, i.e. the loans are not secured on the risk of any assets. Along with collateral, banks also charge high-interest rates taking into account the cost of writing off bad loans.
Peer-to-Peer Lending is different. Since the middle men has been removed from the overall process. Thus, loan approval process becomes less expensive. Online P2P virtual marketplace streamlines traditional protocol, so decisions come faster. Additionally, P2P lending companies applies cutting edge technologies and latest algorithms with more contemporary ways of evaluating an applicant's ability to pay back. Thus, there is less chance of delinquent loans.
Are you ready to face a Medical emergency? Timing is critical factor when any one needs health care provisions. Delay of a few seconds can create life threatening circumstances. Furthermore, money should never come in the way for anyone in need of health care aids. When you do not have enough time in hand then opting for an uncollateralized personal loan can solve all the quandaries. Thus, a personal loan for medical emergency can avoid all the stress.
Personal Loan for Medical Emergency
A medical loan falls under the umbrella of unsecured Personal Loans; it is availed for the specific reason of medical emergency. Peer to Peer Lending companies offer personal loan for medical emergency. These social lending companies can be your reliable resource to avail funds. You must compare the interest rates, processing charges and pay back policies of these lending companies before making a choice.
In comparison to general loans, the medical loan is processed swiftly, interest rates are nominal and loan amount can be transferred directly to the hospital. At times, the P2P lending companies can check the Personal Loan Eligibility of the whole family together, thus you have better chances of medical loan approval, even if you have the poor credit history. You can steadfastly reach these social lending companies when you are in desperate need of money.
Consider a medical emergency loan through P2P lending platforms
Personal loan for medical emergency covers all your hospitalization cost, medication prescriptions and other similar bills related to health care. However, while borrowing from p2p marketplaces make sure to read every document carefully. There should not be any hidden charges or pre-payment penalties. Make a smart decision even in your time of difficulty.