Just imagine you need some funds for your new business but banks are not willing to fund the new innovative business model. You don’t have much savings to fall upon to fund your dream project. You can still get a loan by mortgaging your property for that loan. In banking parlance, it is referred to as Loan against Property (LAP).
You can get a Loan against Property (LAP) against your existing residential or commercial properties. However, the value of the loan you can avail of primarily depends upon the valuation of the property. Further, the bank and financial institutions need to have sufficient cushion towards decline/ erosion in the value of the property so mortgaged. This is where the concept of Loan-to-Value ratio comes in.
Continue reading “Ever wondered How Much Loan You can Get? Understand Loan to Value Ratio”
Loan Against Property (LAP) is one of the most popular borrowing tools for SMEs mainly because LAP provides a win:win solution for both borrowers and lenders. From the borrower’s perspective, idle property is leveraged for long-term business needs while for the lender, the exposure is more than secured. Little wonder that LAP is expected to be one of the fastest growing credit products.
Continue reading “Loan Against Property: Continues to be a great business loan option despite some bumps along the way”
बिजनेस के लिए लेना है लोन तो मोबाइल ऐप डाउनलोड कर करें अप्लाई.
करोल बाग में छोले-भटूरे बेचने वाले कारोबारियों को लोन चाहिए था, लेकिन बैंकों ने उन्हें लोन नहीं दिया। बेटे ने गूगल सर्च करके लोनफ्रेम मोबाइल ऐप डाउनलोड किया और ऐप में ही ऑनलाइन फॉर्म भर दिया और 7 से 10 दिन में उन्हें 66 लाख का लोन मिल गया। लोनफ्रेम ऐसी मोबाइल ऐप है, जो कारोबारियों को लोन दिलाने में मोबाइल एग्रीगेटर की भूमिका निभा रही है। लोनफ्रेम कंपनी की शुरुआत अगस्त 2015 में सिंगापुर से हुई और मार्च 2016 में कंपनी ने भारत में शुरुआत की और अब एक महीने में 700 से 1000 करोड़ रुपए के लोन के लिए एप्लीकेशन कंपनी को मिल रही है। रोजाना 100 से 150 लोग लोनफ्रेम ऐप को डाउनलोड कर रहे हैं। ऐप को लेकर छोटे कारोबारियों में अधिक क्रेज हैं। लोनफ्रेम के को-फाउंडर ऋषि आर्य ने moneybhaskar ने बातचीत की। पेश है बातचीत के मुख्य अंश –
Continue reading “Loan Frame Is Service Provider App To Get Loan For SMEs | MoneyBhaskar”
In an earlier article, we introduced the Loan Against Property (LAP) product and its key features. Here, we explore this product in a little more detail and discuss how it can be effectively ‘leveraged’ for your business loan needs.
Continue reading “Loan Against Property: the most effective mortgage loan for your business”
A Loan Against Property (LAP), as the name implies, is a loan disbursed by a lender against property mortgaged by the borrower. This is a Secured Mortgage Loan that is generally long term in nature.
Continue reading “Loan Against Property: secured loans offer the lowest interest rate for your business”
Loan Frame is a Fintech company focused on small and medium enterprise (SME) lending in the Indian subcontinent by building India’s largest technology enabled SME lending marketplace. Loan Frame is providing a technology solution to one of India’s long standing economic problems — availability of credit to Indian SME’s. Its Founder and Chief Executive Officer (CEO) Shailesh Jacob talks about the prevailing lending scenario and what his company is offering…
Continue reading “Loan Frame Redefining SME Financing: Founder-CEO Shailesh Jacob | ICTflash”
Last November’s Demonetisation move created high expectations of low business loan interest rates. This expectation hasn’t been fulfilled and interest rates may remain static for a while to come.
Continue reading “Where Are Small Business Loan Interest Rates Headed?”
Loan Frame is a silicon-valley style Fintech company focused on small and medium enterprises (SMEs) lending in the Indian subcontinent by building India’s largest technology enabled SME lending marketplace. Loan Frame is providing a technology solution to one of India’s long standing economic problems: availability of credit to Indian SME’s.
Loan Frame aims to provide the right credit in an easy and friendly manner to SMEs. Customers will benefit from the right product from the right lender where they can get the maximum loan amounts at the lowest rate in the most efficient manner. Besides, it aims to provide an efficient lending experience for borrowers and make them easily accessible to lenders.
Continue reading “Committed to Empower SMEs Loan Frame : The NewGen Digital Lending Platform | SMEWORLD”
In an earlier blog post, we discussed why SMEs developed a dependence on cash transactions and what the likely scenario will be going forward. Here, let’s look at the details of some of the specific factors that will lead to a breaking of the cash habit.
Continue reading “Keeping Your Business, Credit eligible, In A ‘No Cash’ Economy”