by Sunil Srivastava | Feb 5, 2025 | SNP Finserv
1. Interest Rate and Charges Understand the interest rate, processing fees, and other charges associated with the loan. Compare rates from different lenders to ensure you’re getting the best deal. 2. Loan Amount and Tenure Determine how much you need to borrow...
by Sunil Srivastava | Feb 1, 2025 | SNP Finserv
A loan foreclosure occurs when a borrower fails to repay their mortgage or loan as agreed, and the lender takes legal action to seize and sell the property to recover the unpaid debt. It’s a serious and often stressful process, but understanding how it works can...
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...
