Financesmarti

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What Is a Short-Term Personal Loan?

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A short term personal loan is quite useful if you need quick cash to cover your expenses. A short term loan is an unsecured type of loan available to anyone with a regular income. A short term personal loan is very different from a traditional personal loan. These loans are provided for a short tenure of less than a year. However, the loan amounts, interest rates and repayment period may vary for banks and lending institutions offering short-term loans. To apply for this loan, you can check with … [Read more...]

How You Can Get a Loan to Fund Your MSME

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There is no doubt regarding the importance of the MSME sector to the Indian economy. However, despite being such critical contributors to economic development, MSMEs often suffer incredible difficulties in managing their working capital and finances. As part of the relief measures for MSMEs, the government revised the MSME definition. Earlier there was a low threshold in MSME definition which left out a lot of businesses, which has now been addressed in the new one. Existing MSME … [Read more...]

Best Investment Options for Salaried Person

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Savings are a big part of your financial planning, but this big part generally gets absorbed by expenses. To make your savings work for you, you have to utilise them. A salaried individual’s financial planning may differ from others because of his/ her diverse requirements. They have the day to day expenses and other life goals to take into account. And when it comes to retirement planning, the accumulated amount from EPFs (employee provident funds) or other such retirement schemes is usually … [Read more...]

Credit Score 101–What You Need to Know About It

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You must have surely heard the term ‘credit score’ if you tried applying for a loan. So, what is it? Well, credit score is a three-digit number between 300 and 900 which describes the merit of your credit. It is a representation of your creditworthiness as a numeric figure. Credit scores are calculated by four credit bureaus in the country – TransUnion CIBIL, High Mark Credit Information, Equifax, and Experian Credit Information Company. Most of the lenders consider your CIBIL score in India … [Read more...]

Qualities of a Good Bookkeeper

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A bookkeeper is a person who maintains your daily accounts, records financial transactions as and when they take place. But there is a variation between a bookkeeper and an accountant. There are some tasks for which a bookkeeper is not authorized to, here the need for an accountant rise. Bookkeepers record the daily transactions well and further, and the accountants use the information which is compiled by the bookkeeper. In simple form, a bookkeeper shows you the present financial position, … [Read more...]