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2015 December

  • How to be financially prepared before starting your own business?

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    Thinking of quitting your 9 to 5 job? Want to be your own boss? Starting a business is not easy. It is like your baby which needs care, nurturing and 100 per cent full time dedication and commitment. You need to think through a host of issues before starting your venture such as upfront investment, product/service offering, business model, distributor tie-ups, warehousing, merchandising, marketing, break-even, margins, etc. But before you start brainstorming on your business plan, you need to review your personal financial plan. You need to put your house in order first before you tread the rocky path of […]

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  • Want to avoid loan rejection shocker? Check your credit score!

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    Loan approval from a bank can be a harrowing experience nowadays. Banks follow a strict loan evaluation process. Apart from a whole host of documents being demanded, banks assess your income earning & repayment capacity. Besides these other factors, having a good credit score is critical for deciding your loan eligibility. The concept of credit score is gradually gaining significance in India. There are many agencies like CIBIL (Credit Information Bureau India Ltd), Equifax Credit Information Services, Experian Credit Information Co of India, etc., who prepare credit reports of borrowers. Every penny borrowed from a bank, loan enquiry made, your […]

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