Business Loan

Presenting business installment loans, simple unsecured business loans available to small and medium enterprises for all your working capital needs.

Business installment loan can be availed by:
Self employed individuals / professionals
Sole proprietorship firms
Partnership firms
Private limited companies and closely held limited companies
Every small and medium sized enterprise needs access to working capital. The business installment loan not only helps you meet your working capital needs, but also helps fulfill your aspirations of expanding your business.
With easy documentation and maximum benefits, this loan makes for some sensible capital fulfillment. The business installment loan offers you some great features like:
Loans up-to Rs. 2 Cr. for your working capital requirements
Hassle-free loans – No security / collateral required
Repay with easy equated monthly installments
Simple documentation- With a  business installment loan, you will need to submit documents only once. In contrast, cash credit facilities need you to provide collateral / security and submit documents regularly.
Enjoy a maximum loan tenure of up-to 36 months
Speedy loan processing – 7 business days
Business Loan comes with a special built in feature the “Drop Down” variant which ensures that your interest rates drop if you pay your EMIs regularly

Personal Loan vs. Alternative Loan options – Which is Better?

At first glance, personal loans seem to be one of the easiest ways to use bank’s money. The general trend seen in the market is people often end up spending more than actually what they can afford. Personal Loans can be good if you think – in future you would have the capacity to pay high interest EMI on time, if not can lead to a vicious debt trap and ultimately affect your CIBIL report.

A personal loan is a good answer to your urgent need of money, but one must be aware of the cheaper options available in the financial markets which can help you avoid a debt trap.

Why not a Personal Loan?
Availing a personal loan and spending it is not the end of the story. Mind you, you have to pay it back to the bank. And if not paid, your credit history goes to CIBIL. CIBIL is Credit Information Bureau of India Limited, which acts like a central repository of credit information in India.

So if you are taking a personal loan from HDFC bank, then HDFC Bank reports to CIBIL about it. And if you miss out on any EMI (monthly) instalment, that gets reported to CIBIL. And if you have bad credit history with CIBIL, it can become utmost difficult for you to get any other loan like business loan, home loan and child education loan in future.

Money in the form of loan is required at various stages of financial life. A single mistake can prevent you from borrowing money from bank for some years.

And generally personal loans have the highest bad debt ratio because of high interest rate involved in them

Alternative Loan options
Some of other alternative loan options which you may consider when you are in urgent need of money are:

1. Loan Against Property
If you are a proud owner of the house, you have avail a loan against it. You can take a loan against your home if it is clear from any charge. One of the biggest benefit of preferring a loan against property over personal loan is the lower interest rate offered by banks in the range of 14-15% in case of loan against property and 18-22% offered in case of personal loans. The tenure of loan against property is generally long

Example: If you are looking for a loan of Rs 5,00,000 for a tenure of 7 years, at 14% rate of interest by pledging your property, you will have to pay a monthly EMI of Rs 9370.

But with options like a personal loan, when your interest rate shoots to 19% without pledging your property, your EMI would increase to Rs 10804 and you would end up paying additional interest of Rs 120,456 during 7 year period

2. Loan Against Public Provident Fund (PPF)
One of the best alternative loan options and ways to take care of your urgent need of money is pledging your PPF and getting a loan. In case, you are holding your PPF investments for long term and have the potential to fulfil your financial goals and don’t wish to liquidate them for tax benefits, consider pledging it (not liquidate) and get a loan against PPF.

You can take a loan against PPF from third to six year. The maximum loan available to you would be 25% of the balance in your PPF account at the end of second preceding financial year.The loan principal amount along with interest amount has to be repaid within 36 months from the sanction date. You have the choice to pay it in a single go or pay it by monthly instalments.

The interest rate charged for such loans is generally 12% if repaid within 36 months.

Learn all about public provident fund investments here

3. Loan Against Fixed Deposits
Loan against fixed deposits is another good alternative loan option to consider and is a much better option as compared to a personal loan. You don’t need to break your fixed deposits, but can pledge it and avail a loan.

You can get up to 80-85% of your balance in the fixed deposit account and the interest rate chargeable can be anywhere between 11-12% (generally 1.5-2% higher than fixed deposit rate).

This works well if you need money urgently and that too for a shorter duration of time. Banks offer such type of loans only if you are maintaining your fixed deposit for a long time with the bank

4. Loan Against Securities
You can also enjoy the capital gains on your securities in the form of shares and mutual funds and can also pledge them and take a loan without liquidating them. For availing such a loan, you must be a resident of India and you can pledge your securities from the banks approved list of certain blue chip shares and mutual funds.

Such securities should be in the name of the eligible borrower. Securities in the name of trusts, minor, partly paid up shares in the name of the individual are not accepted. Banks generally revalue your portfolio on a weekly basis and conduct a interim revaluation in case of steep fall in equity markets.

If you are holding a single stock or mutual fund in the portfolio, you can get loan upto 25-50% of the current value of the stock or mutual fund

5. Borrow from relatives or friends
Though this option is one of the most difficult alternative loan option to consider whenever you are in urgent need of money, but if managed well can prove to be one of the most viable option. Generally these type of lenders give you loan on more generous terms as compared to bank.

You don’t have to pay any prepayment charges in case you want to pay off your debt sooner than promised. Make sure that if the amount of loan from your friend is in Lakhs, you must consider having a written document to avoid any complications in the future.

Another thing which will help you borrow from your relative and maintain a good relation with them is by repaying the loan much before the promised date.

Car Finance

Speak to Savvy about our low rate, flexible car loans today. At Savvy our expert consultants have been helping Australians purchase vehicles for many years. We can offer you a variety of car finance options to suit your individual or business needs.

Get a Car Loan starting from 4.49%

Savvy car loans are all secured and therefore offer a lower rate of interest as the vehicle is used as security for the loan.

Your Savvy consultant can help you get a great deal on a loan which will usually be over a 5 year term with interest and features that beat all the major banks and lenders.

Your car loan will be similar to a home loan in that the interest is calculated daily and any extra payments you may wish to make will reduce fees and help you to repay your loan faster. Your repayments can be scheduled weekly, fortnightly or monthly & generally will come out by Direct Debit from your nominated bank account.

How Much Do Lumineers vs. Veneers Cost?

 Lumineers on teeth of smiling woman
Thinking about getting traditional dental veneers or Lumineers? These factors will affect how much you pay.
Dental veneers are thin shells placed over your teeth to cover chips, stains or gaps. Lumineers are a brand of veneers, and your dentist can help you decide whether they're right for you.

Cost of veneers vs. Lumineers
Traditional veneers cost up to $1,100 per tooth, while Lumineers can cost up to $1,300 per tooth.

Many factors influence how much patients pay for dental veneers, which can be made from porcelain as well as resin composite materials. Factors affecting price include the office location, the dentist and how many veneers you get at one time.

Check Angie's List for highly rated local dentists and call around to compare prices. The dentist may charge less per tooth if you get more than one at a time, so ask about discounts for multiple teeth.

Ask your dentist how much experience he or she has with veneers in general, especially with the type you choose. An inexperienced dentist may not place the veneer properly, and this may require several trips to the dentist to have it fixed.

RELATED: Unsure about Dental Work? Get a Second Opinion

Some problems may be easy to fix and will be covered by your dentist, but other problems related to incorrect placement may be your responsibility. Ask whether dental work is guaranteed and for how long.

veneerLumineer comparisonax194_7b08_9.jpgHow are veneers and Lumineers different?Traditional veneers are typically about 0.5 millimeters thick, whereas Lumineers are typically 0.3 millimeters thick. Many patients and dentists prefer the Lumineers brand over traditional veneers because they're thinner and easierHowever, because they are thinner than other veneers, it may be harder for Lumineers to mask discolored teeth. If your teeth are heavily stained, there may not be enough material to hide the stains, and traditional veneers may be a better option.
Because Lumineers cover the existing tooth surface, you'll notice that your tooth is thicker. You may find it more difficult to clean your gum line, which may place you at a higher risk for gum disease. If you choose traditional veneers, your dentist will smooth the tooth for a better fit.

The Most Stunning Off-the-Shoulder Wedding Dresses From Bridal Fashion Week

Clearly taking cues from the fact that off-the-shoulder cuts were massive in the ready-to-wear space throughout both 2015 and 2016, bridal designers amped up their Spring ’17 offering with a pretty large selection of wedding dresses made using the sexy-in-a-subtle-way silhouette.

Whether you’re into loose, billowing 1970s-styles a la Bianca Jagger or sleeker, more minimalist OTS dresses with long sleeves and boat necks (think:Brigitte Bardot) take a look at the best Bridal Week has to offer.

5 Insurance Myths Busted

Misinformation and myths plague the insurance industry. Many times consumers aren’t sure how much insurance to purchase or if they have purchased the right kind to begin with. If you’re one of the thousands of Americans that don’t understand insurance and what it offers read this list of the top 5 insurance myths and the facts behind them."

1.) Auto insurance covers personal property left inside your car.

Nope. You’ll need renters insurance to cover the stuff in your car. “Renters insurance will cover any of your items, anywhere in the world,” says Etti Baranoff, associate professor of insurance and finance at Virginia Commonwealth University in Richmond, Va.

2.) My landlord’s apartment building insurance covers my belongings.

As a renter, you’re responsible for covering your items; your landlord isn’t. That’s why you need renters insurance. One of the first things to do after you get a policy is to either buy or borrow a digital camera to photograph everything you own. Store the photos on a portable drive that you can keep in a safe place. These photos will make it easier for you to remember what you own and report what you lost. To further help you document your belongings, The USAA Educational Foundation offers an inventory worksheet at www.usaaedfoundation.org/house/home_inventory_worksheet.asp.

3.) You’re covered by your auto insurance when you rent a car.

You’re probably covered. Most auto insurance policies — and even the credit card you use to pay for the rental — protect against theft and damages to a rental car. But there’s also a loss-of-use fee that usually isn’t covered. “This fee covers lost income to the rental car company when the car is out of service for repairs,” says Carolyn Gorman, a vice president at the Insurance Information Institute. “It can add hundreds of dollars in costs if the damaged car is out of service for a long time.” Be sure to check your coverage with your insurance and credit card companies before you rent.

4.) You’re young and healthy and have no assets. You don’t need life insurance.

Here are a couple of reasons it’s the right time.

-Since you’re younger, you may lock in a lower premium rate. As you age, the rates get more expensive.
-As you get older, there’s a chance you could develop health problems, which will make it hard for you to get life insurance.
-If you have credit card debt or college loans, the policy can help pay them off if you die unexpectedly.
-The final expenses, such as a funeral or hospital bills, won’t fall to your parents to pay.
5.) Red cars are more expensive to insure.

The color doesn’t matter. Things that do affect the price are the cost of the car, your driving record, and where you live.

About USAA USAA, a diversified financial services company, is the leading provider of competitively priced financial planning, insurance, investments, and banking products to members of the U.S. military and their families. Named by BusinessWeek as 2007’s Customer Service Champion and ranked highest among financial services companies for customer advocacy in a Forrester Research survey, USAA provides convenient and accessible financial products to its more than 6 million members. For more information about USAA, or to learn more about membership, visit usaa.com.

How to insure your Christmas drone

Chances are, you or someone you know will be proudly piloting a brand new aerial drone into the new year.

In what it calls a "defining year" for unmanned, remote-controlled flying machines, the Consumer Technology Association projects that U.S. sales of hobby drones will top 700,000 this holiday season, a 63% increase over 2014.

Unfortunately, some new drone owners may have unwrapped more risk than they bargained for when they popped the lid on their airborne plaything.

"Almost no one is thinking about insurance coverage when they’re opening the box," Chicago attorney Jeff Antonelli, who specializes in federal regulations for unmanned aerial systems, tells Bloomberg.

The exception: home insurance companies, one of which received federal approval for conditional drone use for underwriting, surveys, inspections and post-catastrophe damage assessment.

Is your policy drone-friendly?
While home insurance policies may cover the damage of a wayward drone crashing into a neighbor's child, pet, home or vehicle, some policies do exactly the opposite by specifically excluding coverage for aviation-related claims, be they human or drone related. The Federal Aviation Administration currently classifies drones large and small as aircraft.

There's equal uncertainty over where newbie drone pilots would stand as far as invasion of privacy liability claims in the 'hood, with or without onboard cameras.

Talk about a buzz kill, right?

As you might guess, where there's a risk, there's an insurer. For just $75 per year, the 185,000 adult members of the Academy of Model Aeronautics hobbyist group enjoy $2.5 million in personal liability coverage and $25,000 in medical under a group plan from Westchester Surplus Lines Insurance, part of the ACE Group.

But depending on your home insurance to cover all things drone-related could be risky.

Where the insurers stand
Allstate, for instance, will cover the damage your drone causes to a neighbor's home or auto, but not the "first party" toll a drone might take on your own home or vehicle, spokesman Justin Herndon told Bloomberg.

State Farm, however, vows to cover drone damage or injuries just like any other insured mishap. "Damages from drones pose nothing new in this regard," says spokesman Chris Pilcic.

Boston attorney Matthew Henshon, who specializes in emerging technologies, predicts that city and state regulators will likely intervene in what he calls the current "balancing act between insurance and regulation" as drone use grows.

"If bad things are happening, someone is going to figure it out and step in from a regulatory standpoint," he tells Bloomberg. "If enough damage is being done, someone is going to call their congressman."

Or perhaps deliver a written complaint by drone.