by Sunil Srivastava | Jan 8, 2025 | SNP Finserv
Definition and Purpose A Cash Credit Facility is a type of short-term loan provided by banks and financial institutions. It allows businesses to borrow funds up to a predetermined limit to meet their working capital requirements. Key Features Flexibility: Borrowers...
by Sunil Srivastava | Dec 18, 2024 | SNP Finserv
Financial Benefits Access to funds: Loans provide access to funds that you may not have otherwise, allowing you to cover unexpected expenses or achieve long-term goals. Increased purchasing power: Loans can increase your purchasing power, enabling you to buy things...
by Sunil Srivastava | Dec 12, 2024 | SNP Finserv
Medical Bills and Health EmergenciesWhat Happened: Unexpected medical emergencies, from sudden illness to accidents, can result in substantial medical bills. Even with insurance, you might face high deductibles, co-pays, or treatment costs not covered by your plan....
by Sunil Srivastava | Dec 2, 2024 | SNP Finserv
Know Your Budget : Understand how much you can afford before applying for a loan. Consider your income, expenses, and potential future financial changes to avoid over-borrowing. Check Your Credit Score: A higher credit score improves your chances of getting approved...
by Sunil Srivastava | Nov 25, 2024 | SNP Finserv
Applying for a home loan balance transfer involves transferring your existing home loan from one lender to another, typically to take advantage of lower interest rates or better loan terms. Here’s a step-by-step guide to applying for a home loan balance transfer: Step...
