5 Tips for Easy Repayment of Taxi Loans. Posted by ankitshrivastav112 in Finance on March 29th, 2017 Radio taxis are getting more popular by the day for the convenience of hassle-free traveling.
Key players Ola and Uber are now constantly coming up with new offers, discounts, and fresh features to achieve market leadership. Features like Ola Share, Uber Pool, and even outstation rentals are activated by a simple swipe of the mobile screen. The privilege of booking a taxi from home at reasonable fares makes the radio taxi service quite enticing. This in turn also makes it a perfect time to invest in the radio taxi business. So, as you to consider your loan application for a taxi, read on to find a few useful tips on how you can also repay your loan effortlessly. 1. Look for the most profitable mode of interaction with the lender. 2.
How To Choose The Right SME Finance Company. The Small and Medium Enterprises (SME) sector in India has charted a distinct growth trajectory so far.
With a noteworthy contribution of 45% to the country’s GDP, one can expect it to play a significant role in India becoming $3.5 trillion economy by 2020. Offering large-scale employment to a sizeable section of the country’s population is the second significant contribution of the SME sector to the nation’s economy. Pitted against large enterprises, small and medium enterprises have had to face several obstacles to come thus far. Stringent legal policies, lack of adequate and timely finance, complex taxation laws and low adoption of technology are the chief impediments SMEs continue to struggle with today. On the positive side, one can clearly see a slow but certain transition in the ease of doing business in India. It’s all about timing Not only do SMEs need generous monetary aid—they need it in time. Online Seller Finance – working capital loans for e-commerce merchants. The fact that ecommerce is growing exponentially all over the world is undeniable.
Entrepreneurs everywhere are competing with each other to get a piece of this lucrative pie. Definitely, starting a business in the virtual world entails much less costs, making it easier for more and more people to fulfill their dreams of running their own enterprise. However, even with ecommerce, there are some things that do need to get taken care. For instance, you will need an impactful website that stands out among the crowd and you will need products and/or services that the market is currently looking for. Features of collateral free loan with multiple drawdowns – Pay Later.
Pay Later is a unique loan product that was conceptualized and created by Capital Float, keeping in mind specific needs of Indian SMEs.
This product is exclusively available at Capital Float. With Pay Later, a borrower is given a predefined credit limit, post which the borrower can make multiple draw-downs from the approved limit. The limit is reinstated upon repayment by the borrower. Interest is charged only on the amount utilized and not on the entire limit. These amounts can be used to make payments to suppliers. Pay Later: Features 1) Flexible draw-downs You’re never obligated to utilize the entire credit limit in one go. For instance, if you have been assigned 1 lakh rupees with Pay Later, you can make up to 4 draw-downs of 25,000 rupees each and use these funds to make payments as and when necessary. 2) Interest applicable only upon draw-down Traditional loans levy a fixed interest on the entire amount sanctioned.
Pros and Cons of a Working Capital Loan. 06 Dec 2016 Working Capital is essential for the smooth functioning of a business.
Though fixed capital is the back-bone of an organization, working capital is the lifeline. If the working capital is affected, the organization would suffer. Given its importance, businesses ensure their working capital is strong to execute day-to-day operations without bottlenecks. But what if the funds run low? As working capital is essential for businesses, easy finance options are available for meeting any shortfall in the working capital requirements.
Capital Float looks to expand to over 100 cities – Livemint. Capital Float plans expansion in over 100 cities as it bids to offer loans for small brick-and-mortar store owners for a bigger share of the growing financial lending market Capital Float, which is currently focused on offering loans to small and medium merchants in Tier 1 and metro cities, is now looking to concentrate more on tier 2 and tier 3 cities.
Mumbai: SME lending platform Capital Float, run by Zen Lefin Pvt. Ltd, is looking to expand its reach to over 100 cities and venture into newer categories like loan for small brick-and-mortar store owners, as it eyes a bigger share of the growing financial lending market in the country. “We are expecting a 10 times growth by the end of March 2017, adding 15,000-20,000 customers (borrowers) cumulatively across all the loan products segment,” said co-founder and managing director Sashank Rishyasringa. The company has offered loans to 3,000 borrowers until now. It currently gets 33% of the business from online vendors. Importance of Working Capital for Businesses – Capital Float Blog.