4 Essential Financial Lessons Business Owners Need to Learn

When planning to set-up a business after the GST roll-out, you need to be careful and extremely knowledgeable. You need to follow the GST norms while keeping in mind your business objectives. It is difficult for start-ups to generate revenue until they try hard and hire hard-working and dedicated employees to gain growth. GST implementation will help start-ups to grow in the competitive market by offering them certain benefits such as composition scheme. It is a scheme in which businesses whose annual turnover is less than 75 lakhs can get…

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Cook some delicious mutton curry in your kitchen

mutton curry

Mutton is mainly a weekend dish to Indians. Come Sunday afternoon and people are ready to cook some delicious dishes with soft mutton meat and this is a delicacy which can be paired with hot and steamed white rice. Mutton mainly requires slow cooking in a very low heat so that the moisture of the meat is retained along with the juice and its tenderness. The meat has to be cooked at a very high heat and then it is cooked from a very tender to low heat. You should…

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Four Questions that Every New Artist Is Asked Frequently

No matter how good a person is, in the work he does, if he is new, his work will always be double-checked. Similarly, when someone opts to buy paintings online or offline of a novice artist, he or she would be dubious about the same. Why? Because no one would want to invest their money in a painting of an artist which they or anyone else has not heard of. This is the reason why every artist, when new in the field of art needs to burn their midnight’s oil…

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What You Need to Know About the VPX Liquid Clen

VPX Liquid Clen

Are you looking for a very effective liquid Clenbuterol? If you visit bodybuilding websites and forums, VPX liquid Clen results are all over the internet. Clenbuterol is a very effective bronchodilator. But in the bodybuilding circle, Clen is an effective the rmogenic. Because of these benefits, there is a dramatic growth in the number of people who turn to Clen to burn fat and lose weight. Most users prefer the tablet form of Clen, but there are also users who use it as a liquid product. This is the reason…

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New Year Celebrations in Kerala

New Year Celebrations

Soon we will say Goodbye to the year 2017 and welcome the New Year 2018. On this occasion, people send Happy new year Shayari to their loved ones and greet them with best wishes. To make New Year memorable people always welcome New Year with a big bang. Before weeks people decide where to welcome the next year. India has lots of places where you can welcome the year 2018 but one of the best places and most happening destination for New Year is Kerala, not only in India but…

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Guidelines To Remove Stubborn Stain

Stain removers primarily rely on a combination of chemical reactions to remove stubborn stains. Separate stains require separate stain removers. It is necessarily a chemical substance that works to remove stains. So, we have a host of stain removal methods which cater to cloth stains, marble stains, blood stains, and grass stains among others. Stain removers are solvents, enzymes, and surfactants. A stain remover employs one or more of the below-mentioned techniques. Stain removal techniques The cheap bond cleaning Brisbane takes care of stains in marble, walls, bathtub, stainless steel,…

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How to refinance your Home Loan despite a bad credit score

Have a bad credit score? You can still refinance your Home Loan with some simple yet effective ideas. Read on to get an insight now! Ajay Kulkarni had a Home Loan of Rs 30 lakhs for 20 years at an interest rate of 10%. Recently, there were some medical emergencies in his family and he could not pay the EMIs on time leading to the default of his loan repayments. He then came to know about another lender who was charging an interest rate of 8.53% on Home Loans. He decided to give the option a shot and opted for a Home Loan Transfer. But, his missed repayments had negatively reflected on his credit score and he did not know if his new lender would sanction his refinancing application. Let’s help you to go about a Home Loan refinancing despite a bad credit. How does you credit score affect refinancing? You should know that financial lenders use your credit score to find out if you can repay them on time. A credit score ranges within 300-900, and a score of 750 is a good score. A credit score within 350 to 750 is average while anything less than 350 is bad. If you have accumulated too much debt and a bad credit score, lenders will consider you as a ‘high-risk’ customer. Lenders may not wish to sanction your housing loan application. Banks, in particular do not give priority to borrowers failing Home Loan eligibility. How to refinance your Home Loan with a bad credit score? ● You will have to resolve your bad credit score in the first place. Try to pay off the costliest debt that you have. Also, try to at least pay the minimum amount due on your outstanding amounts ● If possible, deposit a particular amount in your bank account as the lenders may see that you have funds in the account to repay the Home Loan. ● You can also ask someone with a good credit score to co-sign your loan which may assure the lender that you will surely pay the loan on time and without fail. ● If a lender has rejected your Home Loan application, don’t try at the same lender or any other, why? Because a rejection also reflects on your credit score and reduces it even further. ● Rather than banks, apply for a Home Loan refinance with a non-banking financial company (NBFC) because NBFC are less strict than banks while handling your case. ● If you work for a noted company, you can negotiate with lenders as they do consider candidates with a bad credit score but with a good employer. ● You can also explain your lender about the bad credit score such as medical emergencies. You can make your case strong with original bills and medical certificate obtained from your physician. ● Nothing working? You can also approach credit management agencies; they may help you find the best match for your Home Loan refinance application. You must watch out for some precautions ● If a new lender accepts your Home Loan refinancing, it’s good for you, but may charge a high Home Loan interest rate when compared to new customers. You should also see if other fees and transfer charges are higher or not. If the cost of the balance transfer is high, refinancing may not be the best option to go for! ● Is your new lender increasing the loan duration while decreasing the interest rate? Watch out! For example – The new lender provided Ajay a low interest rate but extended the tenure to 20 years. But, he had already repaid the loan for five years to the pervious lender. It means that Ajay’s Home Loan refinance is set to cost him a lot more in the long run and his monthly payments have reduced, though! ● If you have loan repayment by refinancing mode on mind, you need to consider the other charges that you will incur. You must add it to the total loan cost if there is an increase in the tenure. The Bottom Line Home Loan refinance and that also on a bad credit score may be difficult but it is not out of proportion or is not impossible. The idea is to approach NBFCs than banks. Try to negotiate the terms and conditions by displaying your employer status or get a person with a good credit score to co-sign your loan. Also, try to improve your credit score as much as possible and consider all discussed pointers when deciding to opt for a Home Loan refinance.

Have a bad credit score? You can still refinance your Home Loan with some simple yet effective ideas. Read on to get an insight now! Ajay Kulkarni had a Home Loan of Rs 30 lakhs for 20 years at an interest rate of 10%. Recently, there were some medical emergencies in his family and he could not pay the EMIs on time leading to the default of his loan repayments. He then came to know about another lender who was charging an interest rate of 8.53% on Home Loans. He…

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How to Get the Professional Loan for Doctors?

Professional Loan for Doctors

When it comes to the growth of a business, finance is a critical aspect. It is vital for the progress and success of any business. Without a regular pumping of money and finance, no business can thrive. With changing times, more professionals are inclined towards borrowing money to expand their scale of operation. Amidst all the popular loan options which are available for various professionals, professional loan for doctors are among the most popular loan options available in the market. When borrowing a professional loan for doctor, most lenders tend…

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