by Sunil Srivastava | May 8, 2024 | SNP Finserv
1.Loan Amount – Larger loan amounts typically have longer repayment terms, often ranging from 12 months up to 84 months (7 years). Smaller loan amounts may have shorter terms, such as 12-36 months. 2.Credit Score – Borrowers with stronger credit profiles...
by Sunil Srivastava | Apr 27, 2024 | SNP Finserv
1.Interest Rate: Look for the lowest interest rate you can qualify for. This will minimize the overall cost of the loan. Rates can vary widely based on your credit score, income, and other factors. 2.Loan Term: The repayment period, typically ranging from 12 months to...
by Sunil Srivastava | Mar 30, 2024 | SNP Finserv
Interest Rates: Short-term loans often come with higher interest rates compared to traditional bank loans. It’s important to understand the interest rate and how it will affect the total amount you have to repay. Repayment Terms: Short-term loans usually have...
by Sunil Srivastava | Sep 13, 2023 | SNP Finserv
The Company Secured A Project Loan To Fund A New Venture : The company needed funding to launch a new venture, and they decided to apply for a project loan to secure the necessary capital. The Loan Terms And Interest Rate Impacted Their Decision-Making : The...
by Sunil Srivastava | Sep 2, 2023 | SNP Finserv
Assess your business needs: Before applying for a loan, carefully consider your current business needs and identify areas where additional funding could support growth. Create a growth plan: Develop a solid plan for how you will use the loan proceeds to drive growth,...
by Sunil Srivastava | Aug 16, 2023 | SNP Finserv
Make extra payments: You can pay more than the minimum amount due each month, which will help you pay off your loan faster and reduce the amount of interest you pay over time. Refinance your loan: If you have a high-interest loan, you may be able to refinance it at a...
