Top 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…

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5 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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Pros and Cons of collateral-based loan

The two main loans offered by financial institutions are secured and unsecured loans. The existence or lack of collateral or security is the main distinction between these two types of loans. Loans that are disbursed in exchange for collateral or security are frequently referred to as secured loans or collateral based loans. On the other…

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5 important factors you should consider before applying for a business loan?

You should be aware of business financing if you’re an ambitious entrepreneur looking to launch a business endeavour. To avoid financial difficulties, the majority of business owners prefer to take a secured business loan. Small businesses can get secured loans from various lenders. You may obtain a secured business loan as a flexible lending option…

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What are the eligibility criteria for Chola SBPL loans?

Since Chola offers secured business loans for very small enterprises, it is mandatory to check the capability of the customer to repay the loan. There are certain criteria to assess the loan repayment ability of business loan customers. In this article, let’s discuss in detail the eligibility criteria for Chola Secured Business and Personal Loans.…

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Secured vs. Unsecured loans: Making the right financial choice

Business loans can be of two types, secured and unsecured. Secured loans require collateral from the borrower. Real estate is one of the most commonly accepted collateral. If the borrower defaults the loan, the lender has permission to take possession of the collateral. Borrowers with better credit scores are often given access to unsecured loans.…

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