Author name: SME Loans

What is the difference between fixed and variable interest rates?

FAQ /

The core difference between fixed and variable interest rates boils down to predictability vs. potential savings. Let’s delve into each type: Fixed Interest Rates: Variable Interest Rates: Choosing the right type depends on your financial situation and risk tolerance: Remember, carefully consider your financial goals and risk tolerance before choosing between fixed and variable interest […]

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Are there any restrictions on how I can use the loan funds?

FAQ /

Whether you face restrictions on using SMEloans.com loan funds depends on a two-pronged approach: the specific loan type and the lender’s individual terms. While some loans offer flexibility, others have specific stipulations on how you can spend the money. Here’s a breakdown to help you navigate: Flexible Use Loans: Restricted Use Loans: Government-backed Schemes: Reading

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HDFC Bank Q3 business update: Gross advances grow 62.4%, retail loans 111% up

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HDFC Bank’s gross advances surged to approximately ₹24.69 lakh crore in third quarter of FY24, marking 62.4% increase from ₹15.21 lakh crore in the previous year. After accounting for transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 60.7% and 3.8% year-on-year (YoY) and quarter-on-quarter (QoQ), respectively, the lender said

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SMEloans.com: A Diverse Landscape of Financing Options for Small Businesses

FAQ /

SMEloans.com isn’t just a website, it’s a gateway to a wide spectrum of financing options tailored to the needs of Small and Medium Enterprises (SMEs). Understanding the varied challenges and growth aspirations of businesses, SMEloans.com acts as a bridge, connecting SMEs with lenders and financial solutions that can fuel their journey. So, what types of

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Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr

News /

Indostar Capital Finance Ltd (Indostar) has sold a stressed loan portfolio with principal outstanding at Rs 292 crore to Encore Asset Reconstruction Company as a step to clean up books. Indostar, which is backed by private equity investor Brookfield, said the sale of the SME loan portfolio comprised several stressed accounts resolved on December 30, 2023

Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr Read More »

Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr

News /

Indostar Capital Finance Ltd (Indostar) has sold a stressed loan portfolio with principal outstanding at Rs 292 crore to Encore Asset Reconstruction Company as a step to clean up books. Indostar, which is backed by private equity investor Brookfield, said the sale of the SME loan portfolio comprised several stressed accounts resolved on December 30, 2023

Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr Read More »

Speedy Solutions: Navigating Quick Business Loans without Collateral

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When thinking of expanding a business, sufficient financial support is needed to turn the plan into a reality. Finance remains a big challenge for most Small and Medium-sized Enterprises (SMEs) owners looking for business growth. They either exhaust their savings and emergency funds to support their business or pledge an asset collateral to secure the

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Do I need to be a resident of a specific country to use SMEloans.com?

FAQ /

Yes, using SMEloans.com currently comes with residency restrictions. While the specific countries may change over time, as of today, December 20, 2023, SMEloans.com only offers its services to businesses and individuals residing in India. Here’s a breakdown of the residency requirements: Eligible countries: Ineligible countries: Reasons for residency restrictions: Alternatives for non-Indian residents: Future expansion:

Do I need to be a resident of a specific country to use SMEloans.com? Read More »

Can I apply for financing if my business is new or has a limited operating history?

FAQ /

Absolutely! While a lengthy operating history offers advantages, securing financing with a new or young business is still possible, thanks to alternative options and strategies. Here’s how: Lenders and options: Strengthening your application: Proactive steps: Remember: While it may require more effort and creativity compared to established businesses, securing financing with limited operating history is

Can I apply for financing if my business is new or has a limited operating history? Read More »

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