Finance Forum India

Cash-strapped businesses may borrow a loan to obtain the necessary financial assistance. Lenders provide loans to enterprises with an ardent need for cash. These loans may be used for numerous purposes like a start-up, to fund daily activities, as well as for growth and expansion. Such loans are key sources of funds for these businesses. Tata Capital, a well-known financial institution provides loans at competitive interest rates. It offers an array of benefits for those seeking to borrow loans for business purposes. Due to such numerous offerings, Tata Capital business loans are a preferred option. Following are five benefits of availing...

Adequate finance is needed for smooth functioning of a business. Many businesses avail of credit through loans to fund their daily activities. It also helps businesses to purchase necessary equipment and inventory, to recruit new talent, and to expand existing operations. Such finance also helps firms to tap opportunities that come their way, thereby helping them expand their business. Although many businesses may apply for a loan, not all firms are eligible to receive approval on one as there are certain eligibility criteria that need to be fulfilled. Tata Capital, the financial arm of Tata Group, is one of the top...

Rising stress due to the fast-paced life has increased the incidences of chronic diseases like heart problems, hypertension, and diabetes. In addition, accidental death or serious injuries where you are unable to work may result in financial distress. Securing your financial future with a health insurance policy is advisable. This type of coverage is beneficial as it will pay your treatment costs, hospitalization expenses, and much more. Here are five reasons why you must gift your family members a health plan this Diwali. 1.   Health insurance pays for hospitalization Rising healthcare costs may significantly impact your finances. If you or your...

Availing of a business loan is an excellent way to overcome capital constraints. Several financial institutions offer different types of loans to small and medium enterprises (SMEs). Here are three features and benefits of SME business loans. 1.    Quick processing Entrepreneurs can easily check their loan eligibility online. After determining eligibility, they can submit their documents to further process the SME loan. Most lenders require minimal documentation to approve the loan. Moreover, the entire process is quick and hassle-free. 2.    Higher loan amount Entrepreneurs may avail of a loan of up to INR 75 lakh based on the financial situation and...

It often becomes difficult for aspiring students to fulfill their dream of higher education, owing to financial hurdles. The cost of education is very high, especially for foreign studies. The expenses incurred for courses abroad include tuition fee, accommodation cost, and lifestyle expenses. Though scholarships reduce the financial burden of students, not everyone is able to secure one. For this purpose, the government of India has launched a scheme, known as Padho Pardesh, to provide interest subsidy on loans taken for the purpose of higher education overseas. This scheme is applicable for students belonging to minority communities like Sikhs, Buddhists, Parsis,...

Manish had to go to the bank more than five times just to speak to his home loan officer. After finally managing to meet with her, she told him about the long list of documents he needed to submit. He would require photocopies of his ID proof, address proof, and more. Manish did the needful and went to the bank the following day to submit his application. Unfortunately, the officer was on leave, and her colleague handed him another long and complicated form, which he somehow managed to fill up. After the officer returned from her leave, Manish finally submitted his...

The real estate market in the country is on its path to revival. Now that the demonetization of larger currency notes has kicked in, small builders as well as credible developers struggle to launch new projects or even meet deadlines. This is a result of unaccounted money getting wiped off from the market and they simply can’t raise enough funds to meet the committed timelines.   Real Estate Regulatory Authority (RERA) is going to put a bunch of not-so-credible builders and even brokers out of business. Every home buyer is now protected from such players who have ulterior motives, which has...

While purchasing a property most people check their savings to determine their budget. It is not uncommon for many individuals to postpone or even drop their dream of purchasing a home due to lack of funds. However, with home loans, most buyers may achieve their dream becoming homeowners. Tata Capital Housing Finance Limited (TCHFL) is a fully-owned subsidiary of Tata Capital. TCHFL has been offering home loans to large number customers through its wide network of branches. The features and benefits of these products like competitive interest rates, flexible repayment options, and longer loan tenure have helped TCHFL become a successful...

It is a well-known fact that there is a huge shortage of housing among the Indian population. The government has launched the ‘Pradhan Mantri Awas Yojana’ (PMAY) with the objective of providing homes for all citizens of India by 2022. Several developers have planned new housing facilities that would be affordable for the poor living in the urban cities. While developers launch reasonable housing projects, financial institutions across the country are announcing home loan offers for this segment of Indian population. Tata Capital’s subsidiary Tata Capital Housing Finance Limited (TCHFL) has recently launched a new scheme for the low-income buyers. The scheme...

With increasing awareness about the importance of medical insurance, life insurance, cashless health insurance, more people are including such coverage in their overall financial plans. To ensure each person is able to find suitable coverage, insurance companies offer different types of policies. The vast number of options available to buyers often results in confusion while selecting the most appropriate policy to suit their personal needs. Most people are unaware of the difference between a personal accident plan and a term policy. Before discussing the differences between these two policies, it would be beneficial to understand each of these plans. What is...