Finance Infotoday - Page 3 of 3

How Can A Home Loan Calculator Make It Simple To Plan For A Home Loan?

September 21, 2022

Applying for a home loan is a big financial commitment – one that usually lasts decades. A home loan allows buyers to finance their purchase without draining their savings or compromising their dream house. However, your home loan planning doesn’t end with choosing the right home loan provider.

It involves a lot of financial and budget planning, from selecting a property that fits your budget to deciding on an affordable loan amount accordingly. And picking a suitable loan tenure and planning your EMIs is one of them. Why? Because before opting for a loan, you must know how much you can afford to pay as EMIs so that it is easier to plan your monthly budget accurately.

Using a home loan calculator is a simple way to estimate your EMIs. It is a free online tool that lets you calculate your monthly EMIs by using three key factors-

Principal amount
Loan tenure
Rate of Interest

Borrowers can enter various combinations of loan amount and tenure to arrive at an EMI amount that works best for them. It is an excellent money-management tool that allows borrowers to plan their repayments conveniently.

How can a home loan calculator make financial planning easier?

Easy to use

A home loan calculator is resourceful and easy to use. You can access this online tool on most lender websites. All you have to do is enter your loan amount, loan tenure, and the interest rate offered by the lender. And the calculator will show you the estimated EMI amount within seconds.

Besides, you can check different combinations to determine an EMI that fits your budget.

Determine the right tenure and loan amount

Your home loan tenure, interest rates, and the loan amount you apply for directly affect your EMI amount. While the interest rate is fixed by the lender and depends on various eligibility criteria, you have to choose the loan amount and repayment tenure.

You must settle on a loan amount based on your needs and affordability. It would help to create a budget to arrive at an affordable amount. Similarly, loan tenure directly impacts your EMI – the shorter the tenure, the higher your EMI.

So, you can use the online home loan calculator to determine how much you can afford to borrow and for how long. If you can easily manage higher EMIs, go for a shorter tenure. Otherwise, if you have too many financial obligations, it is best to choose a longer term to make the repayment affordable and avoid the risk of default.

Know the EMI beforehand

With a home loan calculator, you can estimate the EMI amount and the total interest outgo before the loan is sanctioned. This helps you to plan your monthly budget – you can decide if you need to cut down on expenses to manage the EMI payments better.

Not knowing your EMI obligations beforehand can significantly affect your finances; you might end up applying for a higher loan amount where the EMIs turn out to be higher than expected. This will not only make repayment difficult but late payments or defaults can also hurt your credit score.

Borrowers can compare loan offers

With different lenders offering competitive interest rates and attractive loan terms, choosing the right lender that fits your needs can get overwhelming. Apart from lower interest rates, flexible loan terms, and nominal charges, you must compare various lenders based on your prospective EMIs.

A loan calculator can help borrowers estimate the amount of EMIs they will have to pay with each lender, making it easier for them to choose a lender that offers the most affordable loan.

Manage loan prepayment

During your home loan tenure, there might be times when you receive some extra funds, maybe a cash bonus, or increased profits in business. In such a situation, you can consider prepaying a big chunk of your loan to reduce your liability substantially.

A home loan EMI calculator can help ascertain how the loan prepayment before the tenure can impact your remaining EMIs. You can calculate the new EMI for the remaining tenure and adjust your finances accordingly.

You can rely on an online home loan calculator to produce accurate results.

Final Words

When you’re looking to apply for a home loan, a home loan EMI calculator is a handy tool that assists your financial planning. Equipped with the right insights, your loan repayment will become much more manageable.

Check out Tata Capital Home Loans with the most competitive interest rates and a wide range of products. With flexible repayment tenure and structured EMI plans, you can get a quick loan starting from Rs. 5 lakhs. Use the home loan EMI calculator to plan your finances according to your loan needs.

Finance

Announcement of Abhi Loans securing $4.5 million in funding

September 1, 2022

NBFC poised to help retail customers to get loans against mutual funds and shares within 24 hours.

Karnataka, India – Abhi Loans, a digital lender affording loans on mutual funds and shares across India, has today announced that it has raised $4.5 million in funding for its operations. The funding will be used by the brand to rapidly grow its customer base and expand operations.

The quick credit startup is disrupting the notion that loans against mutual funds/shares are just for high-net individuals, with the company availing financial solutions that cater to small unit share/MF holders. While mainstream banks provide a minimum of Rs 1 lakh for loans on shares, Abhi Loans provides loans starting from Rs 15,000 thus including small-time borrowers. This is in addition to a high LTV value of 65% and 75% for loans against shares and mutual funds respectively.

DIM Sparkle Fund, which has amassed a reputation for providing financial aid to revolutionary businesses in the fintech space, is the driving engine behind the funding. However, many other angel investors have joined hands to bring the sum to where it is now. Among them are SK Jain, Ashvin Chadha, and Niten Malhan, all of whom received credit and gratitude via an official company statement.

When quizzed on what the funding will help plug, founder Deepit Singh enthused. “First, we’d like to thank all our contributors. We’ll use part of the funds to expand our technology stack and grow our loan book. At the moment, we offer loans against securities on mass retail digitally, but we’re looking to grow our portfolio and diversify in the near future.”

DMI Sparkle Fund co-founder described his excitement at working with KNAB, also known as Abhi Loans. “Our ultimate dream is that we’ll provide financial solutions that cater to everyone from all walks of life across India. With this funding and partnership, we’re now closer than ever to financial inclusivity in our country,” Shivashish Chatterjee stated.

Mandeep Chaudhary, co-founder at Abhi Loans meanwhile rounded it all off by saying, “In these tough times, many people are turning to predatory lenders as they exhaust every cash avenue. Borrowers can find relief from stifling high-interest loans via the low-debt consolidation options we offer. Accessing cheap loans of Rs 15,000 from a Mutual Fund holding of Rs 20.000 at an LTV of 75%, ordinary Indians can enjoy greater financial liberty.”

Currently, Abhi Loans provides loans against marketable securities at 13% interest rates, with a promise of 24-hour disbursal, beating out banks and other NFBCs that traditionally take between 3 to 14 days for processing. The agency also provides loans to Low CIBIL Score customers, has no prepayment charges, and thrives by a fully digital service model where borrowers can complete loan applications online without in-person appearances.

Finance

How Small Loans Can Help Address Personal Problems

August 26, 2022

The past couple of months have been financially difficult for Manish. As the family’s sole earner, he found it challenging to manage these expenses alone. From unpaid utility bills and home repair costs to his mother’s medical bills – the expenses were piling up, leaving him stressed about what he should do next.

That’s when he came across several emails from different lenders offering him a small personal loan. Manish knew a personal loan was a great option for major expenses. Upon going through the lender’s eligibility criteria, he also realised he could easily qualify for a loan. But he wondered if it could help him address his personal financial problems.

Small personal loans offer quick cash assistance without any restrictions to end-use. So whether Manish is looking to pay his mother’s medical expenses or catch up with the unpaid utility bills, he can avail the funds he needs through an instant loan.

Here’s how a small personal loan will help him manage his personal expenses.

No restrictions to end use

A small personal loan will offer him affordable finance that can be used for various purposes. Unlike a home loan or a car loan which is used for a specific purpose, lenders won’t enquire about the purpose when sanctioning a personal loan. Here are the various personal uses for which he can take a small loan to ease his financial burden-

Emergency expenses

Since Manish needed funds to cover his personal and household expenses during a cash crunch, a small personal loan could help save the day. He can apply for a short-term loan online and pay his utility bills, finance a medical emergency, home or vehicle repair costs, and more.

Debt consolidation

A small loan is ideal for borrowers looking to consolidate their existing debts and simplify the payments. Manish can apply for a small personal loan to combine multiple debts and credit card payments into a single monthly payment. Moreover, small loans come with affordable interest rates, which makes repayment more manageable.

Home Remodel

Whether Manish wants to upgrade his kitchen for something more modern or finish necessary home repairs, a small loan will make this personal expense affordable by dividing the payments over a period.

Wedding expenses

Weddings can be a costly affair where the expenses can burn a hole through your savings. With a small loan, Manish can easily prepare for this major life event. From venue and decorations to catering and wedding outfits, a personal loan can help him manage all.

Simple application process

In most cases, lenders offer a personal loan through a straightforward application process. Manish can secure a small loan online by visiting the lender’s website. Most lenders only ask for KYC documents (Aadhaar and PAN card) and a few income documents. Once verified, he can receive the funds instantly and handle his personal expenses seamlessly.

Swift processing

With the rise in digital lending, loan approval and disbursal have become faster. Most lending institutions use data analytics and artificial intelligence to ascertain an applicant’s eligibility and creditworthiness and verify the documents before sanctioning the loan. This allows quick loan approval and swift processing. So he doesn’t have to wait longer to get funds for his personal and household needs.

Flexible eligibility criteria

A small loan can be availed without worrying about extensive eligibility criteria. With a steady income source, a high credit score, and stable repayment history, the chances of loan approval are higher. Besides, most small personal loans are unsecured forms of credit, meaning Manish doesn’t have to offer any assets as collateral against the loan. Rest assured, he can address various personal financial requirements conveniently.

Easy repayment

Whenever a financial emergency strikes, a small loan becomes an excellent option as it comes with competitive interest rates and flexible repayment tenure. The interest rate depends on various factors like the applicant’s income, employment, and creditworthiness and is lower than other types of loans in most cases. Additionally, he can choose a convenient repayment tenure of up to 6 years, depending upon his affordability.

This ensures that Manish can pay the EMIs hassle-free without straining his monthly expenses. Therefore, a small loan becomes ideal as it splits his big expenses into smaller EMIs, ensuring easy repayment.

Thus, a small loan will give Manish unparalleled financial convenience like no other. Whatever his personal needs are, he can quickly apply for a small personal loan with his preferred lender.

If you’re also looking for a convenient means to manage your personal expenses, just like Manish, visit Tata Capital’s website. With attractive interest rates, flexible loan tenure, and convenient repayment structure, they offer the most competitive loans in the market. Moreover, their small personal loan comes with zero prepayment charges.

So visit the website today to know more about their loan offerings.

Finance

IFSCA Authorises Qkrishi as FinTech Entity for Quantum Finance

August 1, 2022

Qkrishi is focused on building QFinBox the world’s first quantum finance sandbox

Gandhinagar, Gujarat: Qkrishi Quantum Private Limited has been authorized as a Fintech Entity by the International Financial Services Centres Authority (IFSCA) at an event held today in GIFT city, Gandhinagar. The letter of authorization was issued to Qkrishi co-founder Monika Aggarwal and the announcement of the authorisation was made in the presence of Prime Minister Shri Narendra Modi. The award recognizes Qkrishi as a Fintech Entity under IFSCA’s framework to develop QFinBox (Quantum Finance Sandbox) for testing and benchmarking of quantum solutions for adoption by the finance industry. Many finance problems have a high degree of computational complexity and are slow to converge even on the fastest supercomputers. Quantum brings a lot of opportunities for the financial sector to address challenges in portfolio optimization, pricing, KYC, credit scoring, fraud detection, risk analysis and other financial domain use cases and QFinBox will provide a safe environment to test quantum algorithms on actual financial industry workflows for adoption in everyday critical business processes. QFinBox will also help financial organisations to prepare themselves to face up to cyber security threats by more easily adopting the new encryption standards for securing transactions and finance data against quantum attacks.

“Quantum represents a new computing paradigm. The financial industry needs to get ready for the future of computing. Qkrishi is working to radically reshape how financial organisations work by driving innovations using quantum computing,” says Smt. Prabha Narayan, co-founder at Qkrishi. “IFSCA is helping India emerge as a leader in this era of technology-driven finance and Qkrishi is partnering to bring the latest quantum technologies to the financial sector in India. QFinBox will enable the financial industry to get quantum ready. Qkrishi has also filed a patent on the quantum sandbox technology.”

Apart from Prime Minister Shri Narendra Modi, Chief Minister of Gujarat Shri Bhupendra Patel, Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman, Gujarat Minister of Finance and Energy Shri Kanubhai Desai, Union Ministers of State for Finance Shri Pankaj Chaudhary and Dr. Bhagwat Kishanrao Karad also graced the ceremony held in GIFT City, Gandhinagar, Gujarat. The IFSCA leadership team including Chairperson Shri Injeti Srinivas and Chief Technology Officer Shri Joseph Joshy and the leadership team of Qkrishi comprising Professor Monika Aggarwal, Shri Chetan Waghela, Shri Raghavendra V and Shri Sreekuttan L S were also present at this glittering ceremony held today. At the ceremony, Prime Minister Modi also laid the of foundation stone of IFSCA HQ Building and launched India International Bullion Exchange and NSE IFSC – SGX Connect.

About Qkrishi: Qkrishi, founded in 2021, focuses on quantum research, technology and skilling. Qkrishi is working with industry and academic partners on use cases of relevance to industries including finance. Qkrishi has a team of experienced researchers with advanced degrees in quantum computing. The Qkrishi team is constantly innovating to create intellectual property of value to industry clients.

About International Financial Services Centres Authority (IFSCA): IFSCA was established on April 27, 2020, under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar in Gujarat. The IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centre (IFSC) in India. At present, the GIFT IFSC is the maiden international financial services centre in India. Prior to the establishment of IFSCA, the domestic financial regulators, namely, RBI, SEBI, PFRDA and IRDAI regulated the business in IFSC. As the dynamic nature of business in the IFSCs requires a high degree of inter-regulatory coordination within the financial sector, the IFSCA has been established as a unified regulator with a holistic vision in order to promote ease of doing business in IFSC and provide world-class regulatory environment. The main objective of the IFSCA is to develop a strong global connection and focus on the needs of the Indian economy as well as to serve as an international financial platform for the entire region and the global economy as a whole.

Finance

6 important things to know before taking a personal loan

July 11, 2022

Personal Loans are one of the most popular forms of credit in India. This is primarily because a personal loan can be availed for many personal reasons. It could be used for financing medical emergencies, a child’s higher education, international trips, marriage expenses, and everything else that falls under the purview of a personal expense.

In this article, we bring you a list of important things you must know before taking a personal loan.

First Off, what is a Personal Loan?

A Personal Loan is an unsecured loan which is not backed up by any asset and needs minimal documentation. That means an individual taking out a loan is not required to put any of their assets as collateral. And if the individual is eligible for a personal loan, the purpose for which it has been taken does not concern the financial institution.

Important Things to Know Before Taking a Personal Loan

1. Eligibility for Personal Loan:

The eligibility criteria for a personal loan are simple but may vary from financier to financier. It includes factors like stability of income, applicant’s age, CIBIL score, etc. To avail of a Personal Loan from Tata Capital, one of India’s most-renowned NBFCs, salaried and self-employed individuals must fall in the age bracket of 22 to 58 years and earn a minimum of Rs 15,000 per month. They must also possess a work experience of at least one year.

2. The Importance of CIBIL Score:

CIBIL Score is a 3-digit creditworthiness score which ranges from 300 to 900. It reflects the summary of one’s credit history along with a report and rating from the previous and/or existing lenders. Lenders generally look for a credit score of 750 and above while sanctioning personal loan applications. You can easily and instantly check your credit score using Tata Capital’s free credit score checking tool!

3. Interest Rate:

Interest rate is a crucial factor which one must check before taking a personal loan, as that decides how large or small an additional amount the borrower needs to pay back besides the principal loan amount. Tata Capital offers personal loans at highly competitive interest rates starting from just 10.99 per cent.

4. EMI Options:

Like any other loan or borrowed money, the repayment of a personal loan involves two components: the principal amount and the interest on the principal amount. These are paid by way of Equated Monthly Instalments (EMIs). Before taking a personal loan, one must check what is payable to the lender. For instance, with Tata Capital, one can pay either a standard EMI amount or step-up a flexible EMI. Under the first option, all EMIs correspond to a normal amount. In contrast, under the latter, one can start with a lower EMI amount and gradually increase it as the loan repayment capacity enhances due to salary increments.

5. Loan Prepayment Terms:

Another factor you must check before taking a personal loan is the terms revolving around the prepayment of the loan amount. Various banks and NBFCs charge a penalty fee when a borrower pay back the loan amount before the completion of the tenure of the loan. However, if one takes a personal loan from Tata Capital and makes a part pre-payment towards it after six months of availing the credit, they need not pay any prepayment penalty or fee.

6. Track Record of The Lender:

One must also check the track record of the financier before availing of a personal loan from them. One can check this based on the lender’s time in the market, their customer testimonials, etc. Tata Capital is the flagship financial arm of the well-known Tata Group, which has been in the market since 2007. The NBFC has more than 200 branches in over 140 cities and a customer base of over 15 Lakh. Moreover, it has disbursed loans worth over Rs 4.5 Lakh Crore.

Final Thoughts

Personal loans are a multi-purpose credit facility which serves as an important financial tool to help one meet their financial obligations, both planned and unplanned. Before taking a personal loan, check the above factors and make an informed and rational decision.

Finance

Trade Brains launches FinGrad: A Fool-Proof Platform for Comprehensive Financial Learning

April 13, 2022

The stock market has been a darling of investors, thanks to the lucrative returns it has to offer. But the majority of investors do not make a profit here! One needs immense knowledge and expertise to make money from the market. Unfortunately, this is not covered extensively in the degree courses at universities. Even if it’s covered in theory, the practical aspect is always missing. So, this means one has to either rely on practising on their own, which also means burning a hole in their pocket, or relying on expert advisory companies and giving them a fee for every trade or a share in the profit. Investors can gain experience through these two methods, but expertise is never attained.

With the success of Trade Brains, founder Kritesh Abhishek has set his foot in the thriving financial education world. The mind behind the stock market analysis startup is now willing to spread knowledge and skills by venturing into a platform that caters to stock market courses and advanced trading webinars. Let’s dig a little deeper into the new financial education platform, FinGrad, which launched on 12th April 2022.

FinGrad “Unboxing Finance”

The platform for online stock market courses is a one-stop destination for all financial knowledge requirements. There are several areas of study to comprehensively understand the stock market, IPO, bonds, mutual funds, personal finance, insurance, and other key financial aspects. The platform has extensive courses for all interested personnel. With high-grade and free trading courses, FinGrad allows its users to access stock market webinars from industry experts. The platform has a total of 30 courses as well as webinars conducted and executed by over 26 instructors as of the launch date. CEO Kritesh Abhishek has partnered with highly specialized instructors along with established market experts who have substantial knowledge and experience in the market.

When asked about the very objective of the platform, Kritesh Abhishek, CEO & Founder of Trade Brains, said, “Every stock market enthusiast should educate themselves first before entering the market, in order to correctly invest or trade and make consistent returns. With FinGrad, we are trying to spread financial literacy in a more comprehensive and pragmatic approach by offering explicit courses and webinars, along with quizzes, assessments, and certification.”

The Inspiration for FinGrad

The founder and CEO of FinGrad, Kritesh Abhishek, always had an aspiration for stock market education. By the age of 25, he began running stock market workshops under Trade Brains. His passion for extending financial knowledge among competent and interested users allowed him to spread his skills across cities like Pune, Hyderabad, and Bangalore. He also visited the prestigious Symbiosis Institute of Business Management, Pune, and VIT Vellore to cater as a guest speaker for the stock market.

Such encounters and experiences led him to understand the potential of financial education and stock market courses in the market. The mission began when Trade Brains took a committed form through FinGrad. The platform is core to facilitating stock market literacy by combining expert tutors and educators of the stock market world.

“Affordability Meets Literacy To Attain Financial Independence”

The platform aims at resolving the key issue of limited financial information, especially in the field of the stock market. With optimum stock market webinars and trading courses, the platform intends to be perceived as an all-inclusive destination for high-grade and reasonable financial learning.

The CEO highlights that there is a major issue of limited financial awareness, and hence, they aim to overcome that situation by creating awareness and inducing the will to invest.

The online stock market courses platform is under the flagship of stock market analysis firm Trade Brains. The parent company is established in Bangalore, India.

FinGrad tends to keep all their courses and webinars FREE for all users to enroll for a limited time period.

“FinGrad Has Key Elements To Support Financial Literacy In the Market”

The founder states that FinGrad has the upper hand over its competitors in the market. The company highlighted that though most of the stock market education platforms only provide courses, FinGrad also offers webinars, assessments, quizzes, and certification for each course successfully completed. The company creates the perfect stock market learning conditions under one umbrella to cater to better financial learning. They also provide affordable and high-grade materials to aid the learners. FinGrad is a multilingual platform that aims to reach people from different backgrounds and diversities.

The financial environment of FinGrad has been designed to deliver knowledge that has direct implications for the trading and investment processes. The newly launched platform supports leveraging investment skills among the potential audience to make sure all the people engage in financial independence activities.

The Future Prospects of FinGrad

As for the future of FinGrad, the platform aims to reach a target market of over 10 million new learners in the coming three years by extending factual and effective financial courses and webinars. As quoted by the founder and CEO of FinGrad, Kritesh Abhishek, “By providing the right value and building a strong brand, we aim to revolutionize the financial education industry in the next few years through FinGrad.”

Finance

Everything you need to know about Electric Car Insurance

December 17, 2021

Over the last few years, we have seen significant advancements in the auto industry, especially in the category of Electric Vehicles (EVs). An electric car is a car whose engine is powered by rechargeable batteries instead of fuel- petrol or diesel. The sales and demand for Electric Vehicles (EVs) are slowly picking up in the Indian auto market with a genuine surge in the number of people shifting from conventional cars (petrol and diesel) towards EVs.

With global warming and climate change threatening the environment around us, switching to electric vehicles can be seen as the best decision you can make for yourself and generations to come. EVs are not just an eco-friendly alternative to petrol and diesel vehicles but are also cheaper to run in the long term.

Though the EV market is still growing in India, prospective buyers may have concerns about insuring the electric car. There are only a handful of insurance providers offering vehicle insurance for electric cars. Nevertheless, the idea of providing a safety cover to the policyholder remains similar to the car insurance policy for petrol and diesel vehicles.

EVs are manufactured and equipped with cutting-edge technology such as high-capacity batteries, sophisticated car parts, and more. Therefore, in the event of an accident, your car may suffer heavy damages. High car repairing expenses can put a significant strain on your financial budget, especially in the case of an electric vehicle. Therefore, a comprehensive car insurance policy is needed to take care of the repairs, whether the damage to your car is due to your mistake or someone else’s. It also seems the most logical investment any electric car owner can make.

The electric car insurance policy offers financial protection to your car against damages such as accidents, natural calamities, fire, theft of the insured vehicle, and third-party injuries or damages to their property. Choosing the right cover for your electric car helps you avoid out-of-pocket expenses.

Along with all the advantages, it is also compulsory to have at least a third-party liability insurance policy according to the Motor Vehicles (Amendment) act 2019. The Motor Vehicle Act dictates the laws associated with motor vehicles in the country. All vehicles must have valid insurance to drive legally on public roads, which also includes electric cars.

Another reason the electric car/motor insurance market will see a rise in the upcoming FY2022 is because of the various types of compensations provided by the authorities on insurance for electric vehicles. For instance, IRDAI, the insurance regulator, has mandated the incentivisation for electric car owners in order to work towards a goal of a sustainable environment by making the third-party liability insurance for private electric cars in India 15% lower than that of general private cars of similar categories, effective from June 16th, 2019. Similarly, certain state governments have extended tax incentives on the registration of hybrid and electric cars in India.

It is crucial that no matter which car you opt for, be it electric, petrol, or diesel variant, you must make sure that you insure it with an optimum car insurance policy.

This article is authored by Pulak Sarmah, Head of Marketing at Kotak General Insurance, and views expressed in this article are the author’s personal views

Finance

Bajaj Allianz General Insurance launches ‘#Care4Hockey’ campaign

December 16, 2021

Bajaj Allianz General Insurance, one of the leading private general insurers in India today announced the launch of its ‘#Care4Hockey’ campaign.

The Company has associated with Rani Rampal, Indian Women’s Hockey Team Captain who is the face of this campaign. The thought behind this campaign is to elevate field Hockey’s recognition in our country and showcase how supporting a person to attain their goals can enable them to make a difference in society.

‘#Care4Hockey’ is a one of its kind campaign from the Company with a goal to support the development of Hockey in India from the grass-root level. Bajaj Allianz General Insurance associated with Rani Rampal – whose relentless determination, focus on her goals, and a never-give-up attitude along with the timely support she received, helped her stand where she is today. She is an inspiration to a generation of women who dare to achieve their dreams by defying all odds. Thus, resonating with the brand’s proposition that hard work, focus along with care, and support from those around you can help you reach your goal line.

Learning from Rani’s journey and the struggles of many like her, Bajaj Allianz General Insurance has gone one step ahead and has associated with One Thousand Hockey Legs, a flagship project of Delhi-based NGO – Hockey Citizen Group. As a part of this association, the Company will contribute towards supporting underprivileged children pursuing hockey in terms of coaching, nutrition, and equipment. With this campaign, the company hopes to support the development of hockey at the grassroots level, thus providing an opportunity for many, in making their mark in the world and become future role models of tomorrow.

Commenting on the occasion, Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance said, “Bajaj Allianz General Insurance is a brand which resonates with care for people, passion to make a difference, and a spirit to lead the change. The ‘#Care4Hockey’ campaign is an attempt to take these brand values forward to support Hockey to not only make a mark in the world but to also encourage more people to pursue their passion for this sport thereby keeping Hockey alive in India. I’m sure that this campaign with the support from Rani Rampal and the One Thousand Hockey Legs project will help take this message to the last mile and will encourage people to follow their ambition, break records and create history for our country.”

Sharing her thoughts on the campaign, Rani Rampal, Indian Women’s Hockey Team Captain & Padma Shri Award winner said, “A word of encouragement and support from people around you plays a crucial role in helping you achieve your dreams. I’ve had my share of challenges to be where I’m today and I’m glad to be associated with a brand like Bajaj Allianz General Insurance which stands true to its philosophy of ‘Caringly yours’ by providing the much-needed support to Indian Hockey and helping aspirations of many come true. I believe that this will surely go a long way in inspiring people to pursue this sport in India.”

Commenting on the association, K. Arumugam, Founder, and CEO, Hockey Citizen Group said, “One Thousand Hockey Legs, which is a flagship project of our NGO, has been working relentlessly towards providing necessary support and opportunity to underprivileged children who aspire to play Hockey. I really appreciate Bajaj Allianz General Insurance for extending their support to empower these children whose enthusiasm to play Hockey will help this sport prosper in our country.”

Bajaj Allianz General Insurance through this campaign will continue towards the development of Hockey in India and encourage many to showcase the care and provide support to people pursuing their dreams.

Watch the campaign video here.

Finance

Top Ten Financial Challenges for Business

September 22, 2015

Top 10 Financial Challenges faced by Business owners are all about money. In fact, many of the top companies around the world are run by people who love their jobs and want to make a success of it. The reality is that money is what makes the world go around, and it is a big part of any successful business plan. However, making a lot of money is not as easy as it looks or as the management team of the company may want you to believe.

Top 10 Financial Challenges faced by Business owners include loss of business or a decrease in customer confidence. Many companies face the challenge of losing customers to competitors because of poor customer service. They spend a lot of money on advertising to increase sales, but often they fail to meet the expectations of their customers. Customer retention can also be a major issue for some businesses. If you look at top companies around the world, you will see that the average retention rate is below ninety percent!

There are plenty of other challenges that can affect your bottom line, such as foreclosures, interruptions in your cash flow and credit defaults. If you are in the middle of a recession, then you may feel like you are facing financial problems at every turn. The truth is that many businesses go through these tough times, but there are ways to manage them. By identifying the issues facing your business, you can take steps to get it back on track and start producing profits once again.

challenges for-business

Top ten financial challenges also include the inability to predict the cost of capital expenditures. Many companies have gone into debt when trying to do too much with too little. It is important that you have cash available in order to run your business. However, there are many steps that you can take to ensure that you have enough cash to run things without interruption. It can be helpful to speak to a few experts who can help you identify your short term goals and measures that you need to take to get those goals accomplished.

Top ten issues related to cash flow include a lack of balance sheet stability. Cash is the fuel that drives a successful business. If you have inadequate levels of cash flowing through your business, this can lead to financial problems that can take years to fix. It is important to remember that the stock market is not the only place to look for solutions when you are facing cash flow challenges.

Other problems that are common can include business interruptions. You may need to adjust operations so that you can continue to run smoothly. It may be helpful to adjust the way that you do certain tasks to make sure that your work processes run smoothly. You may also want to examine whether there are any communication problems between you and your partners. Sometimes, these things can lead to complications that can take a considerable amount of time and money to resolve. You should remember that it will save you money to solve these problems early rather than wait until they become major issues.

If you feel that your finances are getting a little out of control, you may need to take a look at your budget. Are your payments on debt rising above 2% interest? If so, you should consider working with a credit counselor to establish more responsible financial habits. This may include getting a debt management plan together. In order to manage your debts more effectively, you need to make a plan that outlines how you will meet each month’s obligations.

If you feel that your personal finances are getting out of control, you should also take a good look at the credit report that you get from all three of the big credit bureaus. Many people make the mistake of assuming that the annual credit report is nothing more than a glorified credit card application. While the report can serve a number of purposes, such as helping you to identify any potential fraud problems, it can also help you to keep an eye on your overall financial health. If you notice any signs of financial trouble, you should take action as soon as possible. The top ten reasons for a person to have financial difficulty are never easy to overcome, but it is always better to be safe than sorry when it comes to dealing with cash flow problems.