June 2018


Need a Personal Loan with Bad Credit? Reconsider Your Loan Options

It can be a grave issue to receive a poor credit rating and be black-marked as a poor credit risk particularly when you are looking to take out a mortgage or a loan in the imminent future. Having a bad credit rating means that you are prone to loans with highest interest rates or a rejection in your loan applications.

What is a Bad Credit Loan?

Bad credit loans are meant for those people who have a poor credit rating and credit histories. They are also provided to the first-time home buyers and the self-employed, who are sometimes deemed as higher-risk borrowers. Many mortgage brokers are able to help such people to find the best personal loans and car loans. If you could relate to the things above, consider consulting a qualified mortgage broker. Your broker may list out some of the things you can do to avoid ruining your credit details any further like:

  • Get in a habit of calculating how much you would be able to afford with the help of a loan calculator.
  • Once you understand the scalability of the payments, factor them into a budget on a weekly basis to make sure you will be able to afford the repayments.
  • If you are in the doubt about the repayment, seriously consider if it is the best idea to apply for any kind of loan.

  • Your choice of the credit providers is also important. Because, just in case, if your loan application is rejected, it will impact your credit rating substantially. To avoid such risks, take Bad Credit Business Loans from BC Loans. No matter what your credit rate is, they will provide you a loan instantly.
  • Reserve up some funds to help you in the case of any emergency, so that you can avoid defaulting on your loans.

Other Personal Loan Options to Look Out For

  • Secured Personal Loans: By utilizing the value of your car or your home surely guarantees your loan and can assist you to be eligible for some personal loans in case of bad credit situations.
  • Guarantor personal loans: Some lenders let the borrowers with bad credit to take out personal loans that are guaranteed by a family member or a friend. If you cannot repay the loan, it is the job of the guarantor to cover the cost.

  • Payday loans: Some lenders are less concerned about your finances if you are asking for smaller amounts. But keep in mind that payday loans have heavy penalties if you are a defaulter.
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Reasons to invest your money in Reliance mutual fund

Do you want to make a profit on your investments in mutual fund schemes? Are you looking to take the right decision to go with the top mutual fund houses available in the country? Today, Reliance Mutual Fund is one of the fastest growing and trusted mutual fund houses providing the services all over the country. If you want information about the schemes provided by Reliance Mutual Fund house, you can visit the website link for it.

Reliance Mutual Fund is a part of Reliance Anil Dhirubhai Ambani group and it is one of the top mutual fund houses offering a complete range of schemes for the investors in the country. Millions of investors best service quality and products of Reliance Mutual Fund. If you are also looking to take the smart decision to go with Reliance Mutual Fund house, here are the top reasons to choose the schemes of Reliance Mutual Fund for investments:

Robust distribution network:

At the present time, Reliance Mutual Fund house is available with a wide distribution network with more than 160 branches in all over the country. They also have a presence in other countries including UK, Singapore and Mauritius. Because of the wide distribution network in the country, they are able to offer better quality services to the investors who want to take the decision to go with the schemes of Reliance Mutual Fund.

Higher return value:

If you choose the schemes of Reliance Mutual Funds to invest your money, you will find higher return value of 21.28% with this mutual fund house. If you are looking for the planet having a minimum risk factor and higher return value in the mutual fund schemes, you can always trust Reliance Mutual Fund house as a good option like millions of other investors in the country.

Lots of mutual fund schemes for the clients:

At Reliance Mutual Fund house, the investors will find lots of different mutual fund schemes according to different categories and benefits. Like any other customer care, you may have different needs and requirements according to your current financial situation and future requirements for the Investments. They are able to offer lots of schemes of different time horizon and category for the investors.

Trustable service quality:

Reliance Mutual Fund houses considered as one of the trusted service providers in the country. They have risk management team with top professionals who are able to serve the investors in the best way with their experience and expertise. For a long time, Reliance Mutual Fund has created a trusted value among the clients and investors in the country. It is a big reason to go with Reliance Mutual Fund to make the investments as a beginner investor.

Choice of people in the country:

At Reliance Mutual Fund house, you will find lots of products and services in different categories including retail investments, banks, financial institutes, government entities, corporates and trusts in the country. Because of so many products and services in different industries, they are trusted by a large number of consumers all over the country. They have experience of 19 years to serve the clients with the excellent quality of services.

These are some of the top reasons to choose Reliance Mutual Fund house for the investments of your money. They are known to provide excellent customer support services to all the investors who are looking to invest in the schemes of a mutual fund with them. Whenever you have any kind of concern or query regarding the schemes of a mutual fund, you can contact them and can get instant help regarding it.

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An Easy Guide To Business Loan Applications

Are you an aspiring entrepreneur who wants to start your own business? If you’re like most people, you could probably use some extra cash to bankroll your plans. A business loan application is a practical option you should look into. Fortunately, most of the commercial banks offer different kinds of business loans to suit your needs.

A business loan not only allows you to have the capital you need for a new venture, it also helps existing business owners to expand and grow their operations. They can get the equipment they need or upgrade the ones that they already have. The money can also help tide them over while still waiting for their clients to settle their obligations.

Are you eligible?

The requirements will depend from bank to bank, but generally you must meet the following:

  • You should be between 21 to 70 years old by the time the loan reaches its maturity
  • You must be a Filipino citizen, by birth or legalization
  • You must be employed, with at least one year of tenure. There are banks that require you to earn at least PHP 10,000 a month
  • You have to be a sole proprietor, a self-employed individual, or a part of a corporation

If you are eligible to apply for a business loan, you need to go through the following steps to make sure that you get approved and secure the right type of loan.

  • Establish your reason for borrowing money

Why do you need the loan? You must nail down exactly what you need the money for. Do you need a working capital? Do you need to buy real estate or equipment? Are you planning to expand your current business? Are you planning to buy a franchise? There’s a specific type of loan that will complement your needs.

  • Decide how much money you need to borrow

It’s never a good idea to borrow more or less than what you need. If you borrow an excessive amount, the bank may doubt your credibility as an entrepreneur. If you borrow less, you will face problems in the future, since you didn’t have enough cash to cover all your expenses, which will lead to your inability to pay what you owe.

  • Shop around for the best loan

Doing your research is as simple as looking up banks online and see what they offer, but it’s best to speak to a loan officer after you decide which bank to go for.  He or she can help you decide whether you need a long-term loan, a short-term loan, or a line of credit.

  • Complete your requirements

Documents can make or break your eligibility. The most common requirements for business loans include the latest income tax returns, latest bank statements, and valid IDs. If you’re an employee, you need to provide a certificate of employment and latest payslips. If you’re a business owner, you will be asked for your business permit, registration certificates, latest financial statement, and articles of partnership.

Getting your loan approved by banks and lenders shouldn’t be difficult with the help of your loan officer. After submitting your requirements, you have to wait around 3 to 7 business days to know if your loan is approved or not.

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