A loan taken to create and enhance your business potentials is the Business loans. Come 2017, People in India will go for business loans, as they want to be self reliant. Moneymindz offers great financial advice on business loans.
Document For Business Loans:
Generally, banks/private money lenders ask for documents like:
- Income and expenditure documents.
- Cost of the property.
- Credit history of the person.
- Previous track record of repayment.
Factors Influencing Business Loans:
Various factors influence business loans like:
- Interest rates
- Processing fees
- Payment conditions
- Payment/Credit history
- Your revenue
Various Kinds Of Business Loans:
There are various business loans available in India like:
A unique kind of loan introduced in order to deal with valuable assets like building, land and machinery. Term loan will have a fixed repayment and it will be monthly/ quarterly basis. Assets financed by the term loans consist of building construction, land/building, renovation, establishing infrastructure, expand business, small/heavy machinery and others.
Loans Against Property:
Loans against property:
can be used for creating working capital, set up/expand new business, purchase land/business houses, providing salary/medical treatment to the staff, advertising, research/development, and others. Moneymindz offer financial advice for taking up loans against property.
Loan given to an individual against gold jewellery, gold coins, gold bars is the gold loans. Moneymindz offer financial advice in gold loans. Market value of gold is increasing and gold can be pledged in banks/financial institutions.
Start Up Loans:
loan offered to set up small business houses in India, in exchange of securities is the start up loans. 2017 will see rise of many start-ups and Moneymindz will offer financial assistance in start up loans.
Loans taken from bank/investors to take over company is acquisition loan. Moneymindz gives expert guidance for acquisition loans.
Loan Against Shares/Financial Securities:
Various loans are given against financial securities like Demat accounts/shares, exchange traded funds, mutual funds, fixed maturity plans, insurance policies and savings bonds. Moneymindz gives expert guidance for all shares/financial securities.
Letter Of Credit:
A unique letter, where in bank guarantees, seller receives payment on various conditions is letter of Credit. If buyer is unable to make payment for purchase, bank will take outstanding amount. It is used in national and international transactions.
For More Information:
Give Us a Missed Call On 022 – 62116588
(Or) Download Our Android app MoneyMindz -Expert Seller
(Or) Download Our Android app MoneyMindz-Financial Freedom
(Or) Visit: http://www.moneymindz.com/