Can I apply for Debts Consolidation in bad cibil score?
For applying Debts Consolidation Loan your cibil score should be above than 750.
Bank Name | Min Interest Rate | |
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16.00% |
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10.00% |
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11.00% |
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It is a short-term facility where individual borrow loan from banks & NBFC’s due to customer’s late payment unable to manage cash flow, wherein, sale bill discounting plays an important role in managing & increasing working capital of business.
Note: - You can avail Up to 80% of actual invoice receivable as a loan amount.
Increase working capital: - Generally, the major reason behind most businesses having good cash flow is the customer transactional behavior, till they receive payments on time there won’t be any problem faced by the company. But when the customer makes delay payments, company get worried about cash flow, where bill discounting is the ideal solution for getting things in track on time.
Easy obtain of Cash: - Bill discounting is far better than other loan in terms of time consuming, once's lender get yours pending invoice receivables within a short period of time you can easily obtain cash.
Avoid long time payment: - Why you have to wait, when you already spended whole time from getting raw materials to providing services & waiting still receiving payment from customers. Let your worries be aside just pledge invoice discounting & get immediate cash to manage your cash flow without waiting for a long while.
Collateral not required: - As most of you know, collateral consider to the key points while availing any type of loan, but bill discounting is one such unique products which allow you to get quick access to cash flow without pledging collateral/assets.
Can I apply for Debts Consolidation in bad cibil score?
For applying Debts Consolidation Loan your cibil score should be above than 750.
Who is eligible for Debts Consolidation?
Salaried individual can apply for Debts Consolidation Loan.
What is Debts Consolidation?
Debts Consolidation is a process of combining a single loan into one Interest Rate.
How we can get Debts Consolidation?
You can get a Debts Consolidation Loan from financial institute, or a private and government bank.
Is Debts Consolidation Secured Loan or an Unsecured?
Debts Consolidation loan may be Secured or Unsecured.
Is Collateral required in Debts Consolidation?
Debts Consolidation Loans required Collateral, such as your home, car, retirement account, or insurance policy.
What are the benefits of Debts Consolidation?
How much loan I can get for Debts Consolidation?
You can take a up to 25 lakhs for Debts Consolidation.
How can I apply for Debts Consolidation Loan?
You can apply for Debts Consolidation through online from these following steps: -