Why you can’t get a LAP and what you can do about it?

Loans are a great way to raise money. The need for some quick, extra infusion of money may arise due to personal reasons, or due to a need to expand your business. Among the different categories of small business loans, a loan against property (LAP) is arguably one of the best ways to raise funds.

A loan against property (LAP) is a loan drawn by a person against his or her property/assets. The properties that can be used to avail a LAP include; a self-occupied or rented house, a piece of land owned by the loan seeker, a commercial building and so on. These loans generally have lower interest rates than personal loans, and also offer longer repayment periods which vary between 120 to 180 months.

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Interview with Loan Frame Co-Founders | Economic Times

In the last couple of years, the alternative lending space has literally exploded. With the growing shift to digital, fintech companies are leveraging technology to innovate and disrupt traditional business models.

Founded in 2015, loan aggregator firm, Loan Frame is one such innovator which has found a unique niche to operate in – a niche which offers value alike to funds-starved small and medium enterprises and the banks and financial institutions.

Here, in a chat with ETCFO’s Mannu Arora, Rishi Arya, CFO and Co-Founder & Shailesh Jacob, Co-Founder and CEO, of the Gurugram-based online lending firm take a few questions about the finance function especially in start-ups, fintech and their business too.

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Why Fintech Startups Are Wooing India’s Small Businesses | Forbes

For the past 50 years, small and medium-sized enterprises (SMEs) and micro, small and medium enterprises (MSMEs) have powered India’s economy, especially in rural and semi-urban areas. But they often fail to get adequate financial support from government agencies, banks and financial institutions, according to the SME Chamber of India.

India’s booming fintech market could be their savior.

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What Are The Eligibility Challenges Associated With Business Loans In India? | StartupBuzz

Whenever an SME (Small And Medium-Sized Enterprises) business wants to get business loans, it can get very frustrating because most of the qualities required to get the loan are structured with big businesses in mind. This is understandable because financial institutions would like to plug into developing companies but they do not want to bear a large proportion of the risk that comes with this move. It is, therefore, a common trend that SME businesses in India have limited options when it comes to capital financing. However, this is not only particular to India as developing countries also face these impediments.

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Financial habits to avoid for a wealthy Future


We first make our habits and then our habits make us.

Bad financial habits deplete your hard earned money, landing you in debts. Instead of regretting the bad financial practices, it is better to be prudent and take wise decisions related to your finances and create wealth for future.

Let’s have an insight into some financial habits you must avoid to ensure a healthy financial future:

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Deciphering Debt / EBITDA Ratio

Debt/EBITDA Ratio is commonly used by analysts and creditors to assess the creditworthiness of a business. It is used by your bankers to ensure that the company does not default in honoring its debt obligations and generates sufficient cash to pay off debt liabilities as and when it arises. Before putting any funds in a business, the bankers need to be sure that their money would be safe and would be repaid in time. This assurance is obtained by looking at the Debt/EBITDA ratio.

Debt/EBITDA ratio can be expressed as below:

Debt/EBITDA Ratio = Debt / EBITDA

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Analyzing your Accounts Receivables!

A business may extend credit to its customers for the goods sold & services rendered to them and frame appropriate credit policy suitable to the business. Credit policy indicates the credit period that a company will offer to its customers. A credit policy should not be too liberal that it results in defaults, nor should it be too strict that it restricts sales. Ageing analysis of accounts receivables helps a business in framing an appropriate credit policy and also helps to analyze the category and quality of its debtors.

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Fintech vs. Banking: Career Choices | DATAQUEST

 

Fintech firms have been generating a lot of interest among investors and borrowers. One aspect that perhaps has not received due attention is that of career prospects, especially relative to banking.

Fintech, as the term suggests, is a combination of technology and finance. This combination serves three purposes: a) it reduces cost of providing a service; and b) it widens the reach of the said service and c) provides a better customer experience. The primary categories of professionals a Fintech firm would attract are Information Technology, Risk, Finance, and due to high growth rates and customer orientation, Sales. There are compelling reasons for candidates from these fields to choose Fintech over Banks or NBFCs. Let us look at a few of these.

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