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Types or Classification of Bank Term Loan and Features

Every banks deal with "Term Loan" as their financial product to attract customers. Majority of financing institutions are given their product as a term loan. They are probably, short-term loan for buying home appliances or long-term loan for buying a home or inter-mediate term loan for purchasing a car. Here we see the types and features of Term Loan.

Salaried Employees Should Know 6 Important Things Before Applying Bank Loan

After completing probation period, employee gets confirmation which will give pleasure and happiness to the life. The next step thinking to enhance life by adding facilities. It may be a new car or a new house or home appliances like home theater or something else. In normal case, most of the employees depend bank loan to meet their shortfalls of fund. Before going to bank for applying loan, following 6 important things to be checked whether you have met those points speeding up loan process:

SBI KYC Documents For Business Entities

Before opening a corporate / business account (Current Account) with SBI, bank will request you to submit your KYC (Know Your Customer) documentation. It's the first step bank can do to prevent Money Laundering or meeting statutory requirement, a corporate entity should follow. Here is the comprehensive document list that various type of account should submit in order to start and function seamlessly a current account facilitate.

Procedure of Youth Club Formation and Registration in India

Youth gather in occasions, rather chatting jokes or pressing like button on their Facebook account in their phone, they discuss the issues that affected commonly in their area; sometimes it would be their drinking water, interests, activities, hobbies etc. all has a common goal and interests.

Requirements for Converting Valid PIO Card to OCI Card

OCI Card Registration for Conversion of PIO Card to OCI Card is an online process. OCI Applicants who are having valid PIO Cards may apply from here. Only after complete successful registration, an applicant will be considered as an OCI Card Applicant (In Lieu of PIO-Card).

Provident Fund - General Provident Fund (GPF) and Public Provident Fund (PPF)

Provident Fund is a mechanism to protect the salaried people in old age after retiring from service, the Government has introduced "a retirement benefit scheme" called the Employees Provident Fund Scheme. The main purpose of the scheme is to provide a compulsory saving out of the current income of the employee. The employer gives the employee the saved amount together with the interest at the time of retirement.

SBI Traders Easy Loan Scheme (SBI TEL)

SBI launched this scheme to provide hassle free loan to Traders. Any business man/ entrepreneur/ Professional and self employed person can avail this loan. Loan under the scheme can be availed to meet normal business requirements and is sanctioned against equitable mortgage of property. Any residential or commercial property in the name of unit/ proprietor/partner OR their close relatives is acceptable. Agriculture property or property outside urban limits is not accepted.

Internet / Online Safety Tips For Users of Computer and Mobile Phones

Here is the important Internet / Online Safety Tips for Children, Bank Account Holders, Credit Card Holders, Mobile Users, Senior Citizens, Schools and Medicares. The Internet has opened up a wealth of information for anyone with a computer and a net connection. No matter whether user is a kid, student, teenager or else. Internet connected computer becomes like an expressway, a huge traffic happened in every second. Do you let your kid / children go and get some useful things crossing such a road?

SBI SMILE Scheme For Startups (Interest Free Loan As Equity)

The scheme envisages grant of interest free loan as equity assistance to­wards part of margin requirements of the project, to assist eligible profes­sional and technically qualified entrepreneurs setting up new Micro and Small enterprises and units covered under the Bank’s Project uptech for technology upgradation.

Kerala MLA Salary, Benefits, Allowances, Perks and Pension

Member of Legislative Assembly (MLA) in Kerala receives salary, benefits, allowances and perks. These benefits are decided by Kerala State Legislators as per Indian Constitution Article 164. Though the basic pay of MLA is minimal amount, total amount each MLA received will be minimum of Rs. 39,500/-. The upper limit depends other allowances and perks varying person to person, how they utilize their services.

Consumer Rights In India

Every person living on earth is a consumer. Some items or services you have to buy before its consumption or utilization wherein other items you consume without buying directly. And in some cases you either consume or utilize before you pay. In its vast meaning, word 'consumer' holds rich and strange meaning depends on its arena.

The Impact of PM MUDRA Yojana Or PM MUDRA Scheme In Indian Financial Sector

MUDRA is the acronym for Micro Units Development and Refinance Agency. The expanded form of MUDRA itself enough to define what is MUDRA ie., MUDRA aims and functioning to develop and refinance Micro entrepreneur units in India. More precisely, beneficiaries of MUDRA are to be one of Manufacturing (Non-farm enterprises), Trading, and Services. This agency, MUDRA is heavily supported by India Govt., and its liberalized financial services routed through or implemented by various Commercial Banks, Regional Rural Banks (RRB), Small Finance Banks, Micro Finance Institutions (MFI) and Non Banking Financial Company (NBFC) functioning across the country.

Credit Score and Importance of Maintaining a High CIBIL Score

Your credit is your responsibility for keeping a high CBIL Score. Ensure you continue to pay your EMI on time to maintain a high CIBIL Score. Your CIBIL Score, ranging from 300 to 900, is evidence of your credit worthiness and increases your chances to get a higher loan amount at a better interest rate in the future.

Bank Business Correspondents (Bank BC) and Bank Business Facilitators (Bank BF)

In Jan 2006, the Reserve Bank of India issued a new set of guidelines allowing banks to employ two categories of intermediaries - Business Correspondents (BC) and Business Facilitators (BF) - to expand their outreach. According to the guidelines, while the BCs are permitted to carry out transactions on behalf of the bank as agents, the BF can refer clients, pursue the clients’ proposal and facilitate the bank to carry out its transactions, but cannot transact on behalf of the bank.

SBI Agriculture Loan For Setting Up Of Cold Storages

The objectives of SBI Financing Cold Storage is to promote setting up of cold storage and reducing post harvest losses.

Eligible Organisations For Setting Up Of Cold Storages

Individuals / Farmers, Group Farmers / Growers, Companies, NGOs, Partnership / Proprietary Firms, Corporations, Cooperative Agricultural Produce Marketing Committees, Marketing Boards / Committees and Agricultural Industries Corporations.

SBI SME Smart Score Bank Loan For C&I, SSI, SBF

SME Smart Score Bank Loan product can be given to units in C&I, SSI and SBF segments for credit requirements between Rs. 5 lacs to Rs. 50 lacs (Rs. 25 lacs for T&S) based on the projected turnover and / or project cost. The loan quantum should be a minimum of 20% of turnover and/or, 67% of project cost. Before applying SME Smart Score Scheme, you are advised to download attached application form, Annexures and Scoring methods to assess yourself. The scoring method is self explanatory and find your score more or less same as to what bank do hence applicant can avoid unnecessary delays for sanctioning the loan. Read carefully every page and try to answer all the questions.

Quantity of Rationing Articles Issued Through Ration Shops

Every month, Civil Supplies Department of each state Govt. issues notification stating what are the Rationing articles and their quantity citizen can have as per the classification of ration cards such as PHH, NPHH, (Earlier BPL, APL), AYY etc. Ration card holders can avail these items from their registered retail ration shops on weekly share / monthly share basis. Sugar and kerosene shall be distributed per month and other rice and wheat items on weekly basis.