👉Repayment Strategies To Save You Money- Personal Loan

by Sunil Srivastava | Oct 18, 2024 | SNP Finserv

Prepay Whenever Possible (Part-Payment or Foreclosure)What is it? Prepayment refers to paying a portion or the entire loan amount before the scheduled tenure.How it saves: Personal loans often come with high-interest rates. Prepaying can help reduce the outstanding...

👉Who Can Apply for a Business Loan ???

by Sunil Srivastava | Oct 11, 2024 | SNP Finserv

Eligibility Criteria for a Business Loan: Individuals/Entrepreneurs:Indian citizens over 21 years of age.Those with a clear business plan or existing business operations. Partnership Firms:Registered partnership firms looking to expand operations. Private & Public...

👉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...