Author: cholamandalam
How to compare personal loan offers from different lenders
With many lenders offering personal loans online, it’s easy to feel overwhelmed by options when shopping for the best deal. To make an informed decision, you need to carefully evaluate key factors that differentiate loan offers. Here are the steps to systematically compare and contrast personal loan options. Loan amount & tenure Request loan offers…
Read MoreThe importance of paying your loan EMIs on time
A personal loan is a smart option for your urgent financial needs, but it is also important to plan your finances according to your loan amount and interest amount to make sure that you pay your monthly loan installments on time. When you deal with high-interest-rate loans, paying back your loan becomes a challenge. In…
Read MoreHow to use a business loan to manage cash flow?
Cash flow management is crucial for every business, regardless of size. While receivables from customers tend to come in periodically, bills and expenses are due continuously. This mismatch often leads to cash crunch situations. A business loan could help bridge such short-term funding gaps and maintain steady operations. Financing slow-moving inventory If your business sells…
Read MoreWhy should you choose Chola for your personal loan?
It would be great if you can find a trusted lender who can offer competitive interest rates for your personal loan. Cholamandalam Investment and Finance Company Limited is a trusted financier offering financial solutions to customers for over 4 decades. In this article, we will discuss the key benefits of choosing Chola as your loan…
Read MoreTop 5 Advantages of a Collateral-Free Loan
A collateral-free loan comes with several advantages for salaried employees and self-employed business owners. The main advantage of this type of loan is that it does not require any security as collateral to avail the loan. When you need money and you don’t have any assets to pledge as security, a collateral-free loan will be…
Read More5 tips for improving your chances of getting approved for a business loan
Getting approval for a business loan can sometimes be challenging as lenders rigorously assess risk factors. However, there are some key steps you can take to strengthen your loan application and boost chances of success. Build a Solid Credit History Lenders will pull your personal and business credit reports to determine loan eligibility and rates.…
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