👉You Need To know Construction Business Loans:

by Sunil Srivastava | Sep 28, 2024 | SNP Finserv

·  Purpose: Loans are provided to finance construction projects, buy equipment, hire labor, or manage operational costs in the construction industry. ·  Types of Loans: Term Loans: Used for specific projects with a set repayment period. Equipment Financing: For...

👉HOME LOAN EMI : Calculation And Management

by Sunil Srivastava | Sep 26, 2024 | SNP Finserv

Home Loan EMI Calculation: Determine loan amount, interest rate, and tenure Use online EMI calculators or formulas: EMI = (P x R x (1+R)^n) / ((1+R)^n – 1) Consider factors: loan term, interest rate type (fixed/floating), processing fees Factors Affecting EMI:...

👉How to Choose the Right Lender for Your Business:

by Sunil Srivastava | Sep 18, 2024 | SNP Finserv

Introduction Importance of choosing the right lender for business success.Brief overview of types of lenders: banks, credit unions, online lenders, and alternative financing. Types of Business Lenders Traditional BanksPros: Lower interest rates, long-term...

👉Top Five Question To Ask Before Taking A Business Loan

by Sunil Srivastava | Sep 2, 2024 | SNP Finserv

1.What are the Total Costs of the Loan?Ask about the interest rate, fees, closing costs, and any other charges. Understanding the Annual Percentage Rate (APR) will help you know the total cost of the loan over its lifetime. 2.What is the Repayment Schedule and...

The PROS And CONS Of Co-Signing A LOAN

by Sunil Srivastava | Aug 20, 2024 | SNP Finserv

Pros of Co-Signing a Loan Help a Loved One: Enables a friend or family member to secure a loan they might not qualify for on their own. Builds Credit for the Borrower: Helps the primary borrower establish or improve their credit score. Potential Relationship Benefits:...