List Headline Image
Updated by ankitasharma1517 on May 21, 2018
 REPORT
22 items   1 followers   0 votes   14 views

Nitstone

Easy Online Loan Providers

Nitsone Finserv is a digital lending platform that facilitates quick and hassle-free loans for salaried employee , self employed , loans for business and student loan at low interest rates in Bangalore, Hyderabad and Pune

Quick Personal Loan for Salaried Employee

Get quick Personal loan for salaried employees at low interest rates from Nitstone Finserv. Check your eligibility and get instant online loan approval

Grow your business through an easy professional loan for a salaried employee by Nitsone Finserv that provides multiple benefits combined with low-interest rate and quick approval.

4

BUSINESS LOANS — WHAT YOU HAVE TO KNOW

Taking loan is a great way to solve problems that need immediate cash flow. But getting the cash in hand can be a tedious and nerve-wracking job. With traditional banking institutions and small lenders approaching you through all possible mediums with loan offers, low rates, and easy processes, it’s easy to get lost in the maze. The lenders are eager to lend but are you prepared? If you are keen on taking a business loan to kick-start or expand your business, keep in mind these golden rules.

Determine how much finance you require

Pretty sure that you need a loan? Now, its time to decide how much. If you are not very sure about the amount, consult an adviser or accountant before approaching the lenders. Before this, you need to be ready with a realistic business model and approach for your company. Consider all the extra charges and fees in the equation. As you don’t want to go through the same drill multiple times, make sure that you lend enough money to accomplish your goal. But, be cautious of taking a larger loan amount as interest rates might go high (it might affect your income-to-debt ratio as well).

Understand your options

An informed decision can only be made if you have done sufficient homework. In this fast progressing world, there are a variety of sources to seek funding from. Consider both traditional and modern lending options and work out what the best choice would be for your business. Alternative lending platforms generally provide loans with flexible repayment options, so do your research before jumping right in.

Know your credit score

Wondering why your personal credit score is a significant part of your business loan? For businesses with very few years under their belts, a good personal credit score could be as imperative as a strong business credit profile. Your CIBIL score reflects how well you handle your personal credit obligations and therefore it is significant to maintain a good score throughout your lifetime. It is also considered as a prime factor before sanctioning a low-interest loan.

Read the fine print

Signing the deal? Wait a moment! Take a close look at all the terms of the deal before you jump into a conclusion. Know the payment structure that you’ve chosen. This way you can avoid surprise balloon payments that are set for a particular date which you are not prepared for. Read the fine print to know more about the interest rates, penalties and other extra charges to ensure that it won’t amount more than the principal over the loan period. Read all the documents thoroughly before you sign the deal.

Finance your business growth and related expenses with convenient and quick business loan online.

For trustworthy and easy lending solutions, contact www.nitstone.com

5

4 IMPORTANT THINGS YOU SHOULD KNOW BEFORE TAKING PERSONAL LOAN

Taking a loan might appear as simple as ABC. But it isn’t! Personal loans are unsecured loans where there is absolutely no need for an asset collateral. It is the quickest and costliest form of loan as it is not backed by any valuable. Banks are carpet bombing their prospective buyers with loan offers through all mediums. Their information will make you feel that the offer is customized just for you. Amidst all the revised interest rates, personalized offers & technologies, the canons of prudent borrowing remain unchanged. Here are 4 important factors you should know before taking a personal loan. Read on.

1) Take a look at your credit score

Credits core/ CIBIL score is the most significant thing that is considered by banks and other institutions before sanctioning a loan. A lower credit score can either get your loan application rejected or the lender may increase the interest rates. Your credibility as a borrower is reflected in your CIBIL score and this helps the bank to determine how big a risk you are for them. If you are someone with a good credit score, you are likely to get your loan sanctioned without many hurdles. These days, credit scores are made available for small fees, so don’t hesitate to keep an eye on your score often.

2) Decide the amount wisely

It’s always a wise decision to not borrow more than you can repay. Personal loans are generally easy to access and are often disbursed within a day or two. The ease of getting a personal loan might evoke a tendency for you to borrow more. Keep in mind the purpose for which you are taking the loan and accordingly plan the interest rates and EMI. Go forward only if you’re sure of your affordability.

3) Hunt for the best deal

Don’t ever chose the first lender you meet. Look around for better rates and facilities. Apart from interest rates, you should also take into consideration the fees and charges such as penalty on late payment, prepayment penalty, and charges for cheque bounce. Banks that provide a lower rate of interest might have a high prepayment penalty compared to their competitors. Some lenders who charge slightly higher rate of interest might have lower processing fee and prepayment penalty. Also, in certain cases, loans against assets such as land, property, gold or deposits could be much cheaper for you. Do a thorough research on all the possibilities before choosing the deal.

4) Keep in mind the worst-case scenario

Expect the worst, and you’ll never be disappointed. Loan default can lead to a pile of debt burden and a negative impact on your credit score. One or two missed payments is all it takes to bring down your credit score. Not being able to pay your dues on time will generally bring a very heavy penalty on your loan account. The affordability factor of the loan amount should be considered right from the beginning. Keeping in mind the worst-case scenario will help you to think realistically while choosing the loan amount.

Personal loans are the easiest way to tackle emergency situations but keep in mind all the above points before signing the deal. For easy and hassle-free online personal loans, click Nitstone

Get Consumer Durable Loan for the low interest rates. Check your eligibility, Calculate EMI and apply for Consumer Durable loan online at Nitstone Finserv.

Get Consumer Durable Loan for self-employed at low-interest rates. Check your eligibility, Calculate EMI and apply for Consumer Durable loan online at Nitstone Finserv.

Get a business loan to expand your business with the flexible financial solutions. Apply for Business Loans Online and get instant approval with minimal documentation and low-interest rates

Apply for Lease rental discounting loans online for business at low-interest rates by Nitstone Finserv. you can now get a loan on the discounted value of rentals and the underlying property value.

Nitstone Finserv provides education loan for B School MBA programs and abroad university study opportunities. Get education loans at low-interest rate with instant approval facility

Nitstone Finserv brings loan against property for self employed at low interest rates. Check your eligibility and avail instant mortgage loans

Nitstone Finserv offers working capital loan at low-interest rates for expansion of your business. Check eligibility and documentation required for applying for loans online.

Personal Loan for Salaried Employee

Get quick Personal loan for salaried employees at low interest rates from Nitstone Finserv. Check your eligibility and get instant online loan approval

Nitstone Finserv brings loan against property for salaried employee at low-interest rates. Check your eligibility and avail instant mortgage loan

Get Consumer Durable Loan for the low interest rates. Check your eligibility, Calculate EMI and apply for Consumer Durable loan online at Nitstone Finserv.

Nitstone Finserv brings loan against property for salaried employee at low-interest rates. Check your eligibility and avail instant mortgage loan

Nitstone Finserv brings loan against property for salaried employee at low-interest rates. Check your eligibility and avail instant mortgage loan

Get a business loan to expand your business with the flexible financial solutions. Apply for Business Loans Online and get instant approval with minimal documentation and low-interest rates

Unsecured Personal Loan In Bangalore

Get quick Personal loan for salaried employees at low interest rates from Nitstone Finserv. Check your eligibility and get instant online loan approval

Nitstone Finserv brings loan against property for self employed at low interest rates. Check your eligibility and avail instant mortgage loans

Grow your business through an easy professional loan for a salaried employee by Nitsone Finserv that provides multiple benefits combined with low-interest rate and quick approval.

Nitstone Finserv provides your home loan with low interest rates and wide range of offers that suits you. Check eligibility and documentation required for home loan.