Your home is more than just a roof over your head. It reflects your lifestyle and standard of living. It is your biggest investment!
The housing aesthetics and comfort are important as it provides a safe place for you and your family. Therefore, it becomes utmost essential to maintain its longevity.
To dress your dream home including the annual renovation & reconstruction requires a handful of money. If you are looking to renovate your home, you can apply for a Home Improvement Loan. It is an easily available financial solution to give your home a makeover anytime.
What is a Home Improvement Loan?
A home improvement loan is meant for renovating a house. Any individual in whose name the property is can apply for this type of financing. This loan can be availed with or without providing any collateral, depending upon your choice of lending platform.
Benefits of Home Improvement Loan
This credit type can be availed for all types of home improvement measures such as painting, tiling, reconstruction, making home energy efficient, plumbing remodeling, roofing reconstruction, installation of security system or any other alteration task.
Before applying for this type of Personal Loan Online Apply, you must examine the exact cost of reconstruction and remodeling task. For a loan of INR 10 lac, you can apply with the Peer to Peer Lending platforms.
Why P2P loans are best for Home Improvement?
These days P2Ps are vogue among-st loan seekers offering credit at rates better than traditional financing. A Peer to Peer lending platform is an online credit marketplace that allows you to crowd-source the funds. On a P2P platform, your loan request will be funded by a wide range of money lenders. The complete loan processing is digital. Interest rates are comparatively low than traditional financing intuitions.
SIX Reasons to go for a P2P Loan for Home Improvement –
In an ideal scenario, you should maintain a budget for your annual home improvement and save for it. But borrowing is also not a bad option if the need is urgent. The P2P lending platforms offer the fastest funding decision for all types of personal loans. If you have a loan offer from a P2P lending company then you should probably go for it.
Peer to Peer Lending
Home Improvement Loan
Personal Loan Online Apply
If you are a start-up owner and your company doesn’t have any asset or personal guarantees to secure a loan, then that’s not the end of the world. Hopefully today, there are several business funding options that don’t require you to put your personal assets on the line.
Go Crowd Fund Your Start-Up:
It is the fastest growing method for raising capital. It enables you to bring public and private investors together to invest in your business, via the internet. It is an alternative to the mainstream approach of gaining business funds.
How is crowdfunding different?
Traditionally, if you want to raise capital, you would need to prepare a business plan, perform a lot of market research, and create some significant prototypes, and then market your idea to a restricted pool of individual or institutional investors. Most common conventional funding sources included banks, angel investors, and venture capital firms.
On the other hand, the crowdfunding platforms provide the entrepreneur with a common platform to share their pitch. This method of securing funds dramatically increases your chances to raise capital. Peer to Peer lending is the best example of crowdfunding platforms.
P2P Lending Platforms – for crowd-sourcing the personal business loan
Peer to Peer lending (P2P) in a lot of similar to applying for a Business Loan to a bank loan. However, here borrowers are directly matched with the investors by means of an online credit marketplace. Peer-to-peer lending is also known as social lending or person to person lending, and companies that make P2P loans are normally called P2P lenders or P2P online credit marketplaces.
3 Reasons to Choose P2P to Borrow Funds for Your Start-up
Simple, Paperless and Online Application: To apply on a Peer to Peer Lending India platform all you need to do is provide a few pieces of personal information that includes your personal profile and business details. You can be approved funding literally within a few days. You can apply from anywhere, all you need is a mobile or laptop access and upon the funds gets deposited directly into your bank account.
Low and Competitive Interest Rates: The second benefit is the reasonable rate of interest. In India, P2P lending rates are comparatively lower than banks. Faircent India’s leading P2P lending platform offer’s rates starting at approximately 9.99% p.a. to their best borrowers. The Personal Business Loan tenure can run towards 6 months to 36 months.
Speedier and Streamlined Funding: Third, is the rapidity of funding. Loan processing and disbursal normally take less one week depending on the amount of funding applied. Small loans of nearly 10 lacs can be filled in just a few days and be funded in less than a week.
Personal Business Loan
Peer to Peer Lending India
Home renovation loan, as the name suggests, are loans anyone can take for the reconstruction, renovation and maintenance work done on a housing property that has already been built.
These Instant Loan in India are specially designed to help individuals in need to quick home renovation. It can be taken for up to 6 months to 3 years and paid back in the form of equated monthly instalments (EMIs). The maximum duration, however, can change depending on the policies of the lending platforms. Apart from major repair and renovation task that your home needs, such loans can also be taken to help reconstruction of your house like bathroom fittings, tiles, new closet or new store room etc.
You need to Check Loan Eligibility of financial institution before you apply, a gist of these may include:
Instant Loan in India
Check Loan Eligibility
Home Renovation Loan
A big fat Indian wedding also means big fat expenses. In India, the most important milestone for parents is to celebrate their child’s wedding. It is the most joyous occasions for couples and families alike and it involves expenses on an equally grand scale. Only a few people have ready cash in their savings to fund the expenditure on such a magnitude. Therefore, most couples and parents look for financing options to celebrate the wedding.
Do you know that wedding loan falls under the umbrella of Personal loans?
Yes! There is no specific financial product known as the Marriage Loan. You must apply for a personal loan for the ‘purpose’ for your wedding. You can apply with banks, financial companies, and Peer to Peer Lending India companies for an unsecured loan i.e. loan without any collateral.
Why should you consider a personal loan for the wedding?
The Indian wedding is a fancy affair. Even if you like to keep it a low-key marriage function, only inviting your closest loved ones, it may still cost you a fortune. And at the beginning of your life’s new journey, you don’t want to erode all your savings on a party. However, with the option of personal loan in hand, you can prudently plan a grand wedding with all the pomp and opulence:
If the above factors match your criteria, then why wait?
Apply for Personal Loan for a grand wedding celebration! Not that, the wedding is a beginning of your new journey not its end. A Marriage loan will help plan your expenses in case you are falling short of some amount. You must fix your finances and plan the things right. Do not make any hasty choices which might land you into a debt trap.
Apply for Personal Loan
Peer to Peer Lending India
The personal loan is a popular financial product for consumers to purchase almost anything on EMIs. Especially those big-ticket purchases.
It has also become a great option for households to meet any shortfall of cash they experience in buying a car, renovating a house or even in circumstances of a medical emergency. Here is a run-down on the eligibility criterion of Personal loans to understand them better:
What is a Personal loan?
To put it simply, it is an unsecured loan (collateral free loan) or Instant Loan in India taken by consumers from banks, financial companies or Peer to Peer (p2p) lending platforms to meet their personal needs. It is approved based on some key criteria such as a borrower’s monthly income, credit score, employment history, debt-to-income ratio, repayment capacity, and other relevant personal and financial parameters.
As said, it an unsecured loan i.e. unlike a home loan or a car loan it is not secured against any collateral as an asset or security money. It is availed based on the creditworthiness of the borrower. If a borrower defaults, a lender has no asset to seize.
For what purposes can you avail a Personal loan?
A borrower can apply for this type of financing for any personal financial need. The lending institution will not monitor its use. Normally, people utilize a personal loan for home renovation, for child’s education, to purchase any latest home appliance, for wedding-related expenses and even to meet any unexpected medical expenses or any other financial crisis.
It is also useful when it comes to getting quick business funding, to pay down payment for your house or to fix your car.
The Personal Loan Eligibility Criteria
The eligibility criterion for a personal loan varies from lender to lender. Before you Apply for Personal Loan Online it is suggested to check your loan eligibility. It includes a borrower’s age, occupation, monthly salary or income, repayment ability and residence information. Your CIBIL score plays a determining role on your loan approval. The Personal Loan Eligibility is different for salaried individuals, self-employed and businesses or a professional.
The Loan Tenure
It depends upon your loan amount and on the number of EMIs in which you wish to break your loan. Generally, it can be 1 to 5 years or 12 to 36 months. It is subjected on a case by case basis.
The Interest rates on Personal loan
Since it an unsecured loan, the interest rates are comparatively higher to those of secured loans. But it is also conditional to the choice of your lending institution. Currently, many major banks, financial companies, and p2p lending platforms offer interest rates of as low as 12% p.a. However, the rate applicable to a loan request is again contingent on borrower’s creditworthiness.
Instant Loan in India
Personal Loan Eligibility
Apply for Personal Loan Online
The Peer to Peer lending is a new kid in the fixed investment instrument’s block. If you haven’t checked out the website such as Faircent.com you may want to do so. Even if you an investor yet, you will find this cyber trip interesting and noteworthy.
What is Peer to Peer Lending?
These sites work as financial matchmakers matching individuals who need to borrow with those with savings to invest in loan products. Borrowers get better loan terms and likewise, lenders can earn whopping high returns than what they can get from the traditional financing institutions.
1. P2P borrowing:
The creditworthy borrowers get assigned a risk bucket. Generally, there are 6 risk buckets. Starting from Minimal risk to Very high risk. The interest rates are predetermined within a credit risk bucket. Borrowers with good credit history and financial background can easily secure a loan with interest rate as low as 12% p.a. The loan rates depend on your own creditworthiness and evaluated risk.
You can Apply for Personal Loan for home appliances, home renovation, wedding and Loan for Business Without Security.
2. P2P Investing:
Lenders, on the contrary, can spread their investment between all six risk buckets. It is called risk diversification. The returns within each risk bucket are different. The overall returns for the lender are cumulative from each risk bucket. It is generally in the middle of 12% to 36% p.a. Depending on how an investor allocates his or her assets.
What are you looking for? A personal loan or investment in P2P loans? All need to do is visit the website of credible, reliable and RBI registered P2P lending platform. It is fast, easy and so simple!
What is Peer to Peer Lending
Apply for Personal Loan
Loan for Business Without Security
If you are planning to apply for a personal loan then this write-up will be a great help for you to understand various Instant Loan types, their eligibility and all about their application process.
A personal loan is an unsecured loan. There are two basic loan categories - secured loan & a secured loan. A secured loan is a loan taken against some asset as collateral, for example, home mortgage loan. However, a personal loan is unsecured loan since to apply for this type of financing one does not need to provide security with the lending institution. It allows the loan applicant to borrow money without any guarantor or collateral. These days personal loans are in trend. It has become one of the most easily available financial institutions, very helpful if you want a short-term finance.
Instead of borrowing money from your family and friend’s circle anyone matching the eligibility criterion of banks, NBFCs, and P2P lending platforms can take a personal loan to support their immediate financial need. It is fastest, simplest and easiest financial instruments for raising money.
Types of Personal Loans:
Since the name itself is a personal loan you can avail it for any of your legit personal reasons. The most interesting fact is a borrower is not obliged to disclose the reason for taking the loan even to the financial institution as it is a personal loan. There can be a plethora of circumstances when taking a personal loan can be a good idea. For example, personal loan for travel plans, personal loan for the wedding, personal loan to support medical emergencies, personal loan for education, home renovation loan, debt consolidation etc.
Listed Below are some of the necessary Eligibility Guidelines to Qualify for a Personal Loan:
1. Age: 21-60 years of age
2. Decent income
3. Good employment track record
4. Good debt-to-income ration
5. You should be able to provide all the documents such as personal identity and financial documents.
How to Apply?
The application process for a personal loan is simple, fast and completely online. Earlier you would need to walk into your local bank, wait in a queue to speak with a loan officer and then hand fill the lengthy application form to apply. You can still do that, but you also can go online, visit the website of financial institutions with whom you wish to Personal Loan Apply and, get a quick loan decision. You can easily apply for a Personal Loan in Pune, Mumbai, Bangalore or New Delhi with any major bank, NBFC or Peer to peer lending platform.
You need to upload all the necessary documents such as your employment details, identity cards etc. A personal loan is usually for the time period of 12 months to 60 months. But the duration of the loan is completely depending upon the bank or financial institution’s policy. Usually, the time duration is short as it is a smaller finance compare to other big secured loans like a home loan. It is very convenient as the loan can be repaid by EMIs spread over time. One of the major reasons why one should go ahead with a personal loan is the rejection rate of the personal loan is very low.
Personal Loan in Pune
Personal Loan Apply
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.