Author: Melody Chan

Loan against property (LAP) is a secured personal loan and stands up to its name by providing you easy funds against your property that is held as collateral to the bank or a non-banking finance company (NBFC). Lenders loan you the amount depending on the value of the property and could be used as the borrower wants. Loan against property can be taken against commercial, residential or industrial properties. And only once you have paid off the loan do you get the property back. If not, the lender has the right to auction the property to recover the dues.

As its name itself suggests, a loan against property, i.e, a loan in exchange for property, is a loan that is either owned by the applicant or its guarantor, usually owned by the parent. In return for the value of the property. This property is mortgaged, which means that the documents and legal ownership of the property remain with the bank until the loan is repaid.

The money comes with no end usage restriction, so the borrowers are free to spend the money however they want, such as financing one’s education, wedding expenses, handling medical bills, and other family emergencies and personal needs. As good as it gets, you still need to fulfill the criteria to become eligible for the loan. These eligibility criteria help you to get guaranteed approval on the loan. And the most important thing is that the property on which you are availing for a loan must have registered on your name or family member. Hence, before applying for the loan here is a checklist that will help you for instant approval go through this.

Below Are The Standard Eligibility Criteria & Documents Required For Loan:

LOAN AGAINST ELIGIBILITY CRITERIA:

Here are the eligibility criteria required for the approval of the loan against property.

1. You must be a residing Indian citizen.
2. You need to be of a particular age group as per your lender.
3. You should have a steady source of income, and for salaried individuals, especially, you should be working in an MNC, the public sector or a private company.
4. You should have a credit score of 700 and more. They play a significant role in the whole process as they signify how creditworthy you are.
5. You are only eligible for the loan as long as you own the property put up as collateral. You don’t have the authority over a place that you live in on rent or any unused piece of land.
6. Keep the title of the property clear and marketable, meaning there should be no existing mortgage or loan that could affect the title of the property adversely.
7. Make sure that your credit and repayment history are clean and have no faults.
8. Location of the property you wish to mortgage matters. You would want to have it approved by the lender for smooth progress.
9. You should have clear records and documents of both personal and the mortgaged property to avail loan against property.

DOCUMENTATION REQUIRED:

The borrower needs to make sure to have all the documents asked by the lender in check and updated. Submission of wrong or faulty documents can jeopardize your chance at availing the loan.

1. A recent photograph on the application form
2. Proof of identity like Voter Id card, PAN Card, passport, driving license
3. Address proof such as Ration card, PAN card, passport etc.
4. Age proof such as PAN Card, Passport
5. Bank statements of the previous 6 months
6. Latest salary slips
7. Form 16
8. Income tax returns from the last 3 years
9. Processing fee cheque
10. Copies of all the documents of the ‘to be mortgaged’ property
11. Audited financials of the last 2 years

There are different eligibility criteria for a salaried individual, self- employed or an SME. Various financial institutions provide customers with a convenient and transparent process. Theses loan against property eligibility criteria differs from financial institutions. With easy and quick loan disbursals, they make the customers a priority and offer customized loans to suit their needs. Their Loan against Property EMI Calculator helps you have a preview of your monthly budgets by determining the EMIs of your loan. If you match the above eligibility criteria and provide the correct required documents you will get guaranteed approval on the loan.

Normally, the relocation is one of process and that are transfers the goods from one place to another place. It is not a simple process to relocate without professional help. And also people are getting stress while the shifting process. Therefore you need the guidance of professional packers and movers. No worries, the best packers and movers pune always help you to relocate with on your budget.

The packers and movers are trusted ones to hire over other choices. This is the most useful option to hire the service. The experts are having years of expertise in this particular field. So they are given better and satisfying service to you. Today these removal services are playing an important role among other choices. The relocation process is simply affecting your work, in order to reduce the effort you have to use the service of the packers.

What are the uses of packers and movers services?

By hiring the packers and movers service you can just avoid all kinds of issues and tension. The experts are given the first-class service to customers within your budget rate. The professional is having the ability to provide all kinds of relocation such as residential, commercial, and others. The relocation process takes more time, right? But by using the professional packer’s service, you can reach your new destination on time.

The packer’s service is to maintain the customer reputations easily. The team members are always trying to gains a good relationship with the customers. If you want to get a hassle-free service, then it is a must to hire professional service. Surely the professional service satisfies the people. The experts offer all services by using different strategies. Without any interruption, the experts offer relocation services from one state to state as well.

Packers and movers are always willing to provide better service for customers. And you can get the service of the packers 24/7. Otherwise, people can easily book the service on one phone call or email. Hiring the packers and movers pune is one of the better destinations for removal service. Therefore utilize the service without fail. Once after using the service, you can understand the worth by yourself easily.

What are the benefits of the packer’s service?

The professionals are offers packing, unpacking, wrapping, moving, loading, and many more services to customers. The experts are handling the entire process in various ways and that why people prefer the packer’s service always. Once you are handover the relocation process to packers and movers, then they are taken care of everything to reach the destination. The relocation is not a simple task, but the packers and movers are having able to gives damage-free service to customers.

Otherwise, no one can handle the household items alone, but the experts are making the relocation professionally. Therefore start to use the service and gains wonderful experiences. The packers are covers the process from heavy load to small piece of furniture as well.

With the advent of technology, the people nowadays are highly inclining towards online support to search for their required products and services. Thus, the businesses those who have a domain name to represent their services over the web are a part of the competition in the corporate market. The domain names are a higher priority than you might suspect. There are available domains for sale over the internet from where you can pick up the suitable one. When you are about to start your business you will discover that a major piece of the entire picture would be its online portrayal. It’s one of the numerous things on the list of the tasks to be done but it has an integral role. These days, everybody rushes to the web for help, particularly when they have to discover something, regardless of whether to find out some information about a particular topic or a specific item. Therefore, if you need to reap the benefit from your venture, you will be requiring an effectively designed website, which would be created by choosing the appropriate domain name for your business.

The domain names serve an essential showcasing of the substance that we can discover on a specific website. A short, unique and appealing domain name can have a major effect in its future achievement.

The adequate selection of the domain name is crucial therefore, at the point when you experience the investigation for the domain name you should take as much time as necessary. Remember that new areas are enrolled constantly. The counterparts are furious, and this is actually why you must be imaginative in the event that you need your business to be a successful one. The catchier would be your domain name, the better possibilities for it to become well known rapidly in the corporate market. Thus it is advisable to stick to something short that could be effortlessly spelt and could be recalled by your clients.

Why benefits it may bring to your organization!

Let’s talk about the prime benefits that could be gained by having an effective domain name:

1. Credibility

By possessing a domain name for your organization make you stand out the box among the counterparts. The domain name aid in developing a professional image of your business in the market, and certainly it is a prime contributing factor in the elevation of the sales and the traffic on your business profile.  Whereas the usage of the general web addresses is not much effective as compared to the domain name. if in case the company is having a generic address, the customers would certainly think that the company is not even capable of investing the required funds in their business, hence the products and the services offered by the company would also be of the low-grade quality.

2. Convenience for the customers

A perfect domain name is considered as the means of ease for the customers to type and to remember as compared to the generic addresses. This, in turn, would undoubtedly become a prominent aspect of the success of your business. The people always find it easier to search for the commodities online rather than stepping out of their homes to shop or to enquire about the related products and the services. By having the online business listing you may be able to allure that traffic towards your website, which would assist in emerging the sales volume of the products being offered to the general public by your organization.

Also, it should be kept in mind not to include the slangs or the typical words in the name of your business. The concrete reason behind this fact is that such words are tough to recall, thus the customers would likely to forget it in the near future, which would surely be a reason for the less number of growing sales. The overall business growth could also be hampered because of the less interest shown by the customers in your products and services.

3. Choosing the appropriate TLD

The TLD stands for the Top Level Domain, which is nothing but the extension if the domain name of your organization. The most commonly used TLD’s are .com, .net, .org and so forth. The average level businessmen do not emphasize much over choosing the best TLD for his business, but in order to have a great impact on the customers, the TLD’s should be chosen wisely.

All in all, considering the above-mentioned facts about the naming process of the organizations, the overall process could seem to be complicated. However, extensive research and profound knowledge may assist in choosing the appropriate name for any organization that would undoubtedly be beneficial for the company in the long run. One may rely upon the available online resources for such as the business name generators, to pick a creative business name.

Brands are always looking to target customers wherever they may be. They use TV advertisements to reach consumers when they are at home and set up billboard advertisements to promote products to people when they are outdoors.

However, there is one unique marketing channel that can be used to target customers wherever they may be. This channel has been around for decades and is still widely used by marketers across the globe. We are of course referring to SMS marketing.

The vast majority of consumers in the modern era have access to cell phones. No matter how primitive a person’s mobile device may be, it is still capable of sending and receiving text messages. This makes SMS a powerful marketing channel with a wide reach.

When used effectively, SMS marketing campaigns can be used to capture new leads and boost lead conversions. However, many marketers fail to utilize the full potential of SMS in their marketing campaigns.

Here are some SMS marketing tactics that can be used to capture new leads and convert them to boost sales.

1.Sending out SMS messages at the right time

Studies have found that 90% of SMS marketing messages are opened within 3 minutes of receiving them. This means marketers need to target customers at the time of day when they are comfortably reading your messages and engaging with your promotions.

Researchers have found that the best time to send out SMS messages on weekdays and weekends is between noon and 3 pm. This is the window of time in which people are most likely to check their phones and read their messages.

However, businesses in the restaurant industry may have more success with sending out SMS texts between 5 pm and 7 pm, as people are more likely to ponder about eating dinner during this window.

Sending marketing messages outside work hours used to be a challenge for marketers. However, brands can now use the services of a marketing automation agency to schedule and deliver SMS messages at their desired time without inconveniencing their marketing employees.

2.     Including a call to action

Effective SMS marketing campaigns usually include a call to action (CTA) that draws customer attention and encourages them to engage with the brand.

The best CTAs are short and simple lines added at the end of messages, such as “click here to learn more” or “buy now at URL!”. Recipients are also more likely to follow your CTA if it conveys a sense of urgency, so your message should include a limited time offer that expires soon.

Marketers can also send out a variety of SMS messages with different CTAs to learn which type of CTA is most effective at generating leads and increasing conversions. This is a trial and error process that has the potential to boost sales when performed correctly, so marketers should pay close attention to the CTA they are using in their SMS marketing campaigns.

3.     Segmentation

Brands that segment their customers tend to be more successful at marketing to their target audience. This segmentation could be based on their customer’s age, location, areas of interest, or their purchase history with the brand.

Once marketers have broken down their target audience into well-defined segments, they can send each segment a unique SMS message that caters to their specific interests. Consumers are more responsive to these marketing campaigns as they are created with their tastes and areas of interest in mind.

Marketers can segment their audience with an analytics tool such as Google Analytics, and roll out their marketing campaigns using an SMS gateway on a computer. This approach is easier and more effective than doing everything on your cell phone.

4.     SMS bots

Message recipients often have questions about your brand and its products. Some companies use live agents to respond to these text messages questions in real-time, but having staff on-hand 24/7 to answer these questions can be expensive.

Instead, brands can use automated SMS bots to provide customers with efficient responses to their queries. Traditional SMS bots could provide customers with only predetermined general answers to their questions, but modern SMS bots can give more specific answers to a wider variety of questions.

You can boost your conversion rate by using SMS bots to address customer queries and concerns instantly, so consider using these bots if SMS campaigns are a major part of your marketing strategy.

5.     Using the right frequency of interaction

Most people don’t sign up to receive SMS messages from advertisers, so your SMS marketing may be perceived as annoying or intrusive if your messages are being sent too frequently. Effective SMS marketing includes knowing when to reach out to customers and knowing when to hold back to avoid losing your leads.

Research has found that SMS marketing campaigns fare best when they send customers 10 – 12 messages per month. This frequency is high enough to maintain the attention of recipients, but not high enough to be considered a nuisance.

Marketers may be able to send customers more messages if they have responded positively to earlier SMS campaigns. But they should still be careful about spamming them with too many messages in a short amount of time.

As you can see, there are plenty of ways for marketers to draw in leads and boost their conversions with the help of SMS marketing campaigns. Your campaigns may not see much success at first, but you can fine-tune your approach over time through trial and error.

Be sure to use analytics tools to track the performance of your campaigns and revise your future marketing strategies based on the knowledge gained from your earlier campaigns.

SMS marketing will continue to be an important marketing channel in the future, so businesses of all sizes should familiarize themselves with these marketing tactics.

Not many small businesses benefited from the first round of the Paycheck Protection Program (PPP). According to a report on PPP activity released on May 1, loans worth more than $2 million accounted for about 1.5% of the total loans, eating up nearly 25% of the allocated $310 billion. In the end, the average loan size was $206,000, locking out most small businesses.

If you’re one of the many SMBs that were left out, you’ll be glad to know that the second round of the program is here. An additional $310 billion has been set aside to help businesses – and this time, every effort is being made to reach vulnerable small businesses.

First off, the average loan size will be smaller, meaning that the fund can reach more SMBs. Better still, $60 billion of the new $310 billion has been specifically reserved for smaller, nonbank lenders that typically cater to companies with fewer resources.

Top Nonbank Lenders to Consider

If you’ve not applied for the loans yet, it would be highly recommendable to consider these nonbank lenders as it significantly increases your chance of getting approved. The following are some of the best options to consider;

1. PayPal Holdings: PayPal Holdings was one of the first nonbank institutions to be approved for the PPP program. The digital lender is working with WebBank to process the payments.
2. Square Capital: Although Square Capital is best known for Point-of-Sale software, the company has also been approved to process loan applications under the PPP program. You, however, need a Square account to apply.
3. BlueVine: BlueVine is accepting applications for PPP loans for any type of small business, regardless of your industry, and submitting qualified applications to the SBA.
4. FountainHead: FountainHead is a nonbank lender approved to make SBA 7(a) loans. You can lodge your loan request online and follow up on the progress through their website.
5. OnDeck: OnDeck says that it may prioritize existing customers when processing PPP loans. So, if you’re a customer, it would be a good idea to make your application through them.
6. Lendistry: This Community Development Financial Institution (CDFI) is submitting PPP loan applications in at least 12 states, including its home state California.
7. Funding Circle: Funding Circle is another very reputable online market place, and now one of the preferred PPP nonbank lenders.
8. FAM: Finally, you can also apply for a paycheck protection program loan through the ever-reliable FAM.

Several other nonbank lenders have been approved to process PPP loans, but the seven above stand out for being tried and tested. These lenders also disburse PPP funds much faster, typically within ten days of approval.

AUTHOR BIO: Michael Hollis is a Detroit native who now lives in Los Angeles. He is an account executive who has helped hundreds of business owners with their merchant cash advance solutions. He’s experimented with various occupations: computer programming, dog-training, scientificating… But his favorite job is the one he’s now doing full time — providing business funding for hard working business owners across the country.

For many professionals working in the fields of finance and technology, particularly those who are pursuing entrepreneurial goals, managing profiles on platforms such as AngelList, CrunchBase, and LinkedIn should not be seen simply as the cost of doing business. Those who make a living raising capital and starting new ventures are basically expected to present stories that are compelling and consistent across the three platforms, particularly if they have successful events to report.

If we decide to be completely pragmatic and even crass about this topic, the sole reason professional online profiles exist is to increase the potential of future earnings, but it is unreasonable to think a LinkedIn profile by itself will land someone a lucrative job. In the case of CrunchBase, there is more of a branding angle, and it is not for everyone. CrunchBase started off as a repository of information about tech startups that received news coverage on TechCrunch.com; these days, just about anyone can submit a profile for review and acceptance by the community of moderators, but it is not a good fit for all professionals or companies.

Local business providers are better off with profiles on Google My Business. The technology sector is better served by CrunchBase, but professionals who work in finance should also think about keeping profiles in this platform. The same goes for companies that operate in the digital media, e-commerce, and consulting services.

The verification process is one of the strengths of CrunchBase; unlike LinkedIn, which relies on business connections for vetting new profiles, the CrunchBase method involves more of a human touch. Creating a new account for yourself or your business is free, but it must be evaluated before it is displayed. Similar to LinkedIn, there are personal and business listings that can be connected. Let’s say you are a mergers and acquisitions consultant who operates a private consulting firm; in this case, you can create one profile for your company in addition to a personal profile so that they can be connected.

There are no limits with regard to how much information you can provide on CrunchBase. If you are a company founder, be sure to include this on your profile. If board members are already listed on CrunchBase, don’t forget to connect them. Events, press references, and key employees should also be listed. Finally, you can also link a verified Twitter account so that your social media activity can be displayed on the profile.

As for search engine optimization, Google tends to like CrunchBase even though links generated therein are the “nofollow” kind. Aside from SEO, the branding strength of CrunchBase can be found in the News and Activity section. As you can see in this Crunchbase profile, related news articles are chronologically listed in descending order, and this is not just for the benefit of the Google search engine crawler; business journalists are constantly searching CrunchBase for research purposes, and this can go a long way in terms of branding.

In the end, a CrunchBase profile is not a replacement for LinkedIn, but it is highly recommended for individuals and companies operating in the financial and technology sectors in 2020.

Payroll refers to the financial services offered by an organization to its employees. It is an essential function of the organization which must not be delayed by the employer. Some companies in the UK outsource some parts of their business responsibilities, which also include payroll services. If you wish to outsource payroll services to a specialized company, here’s what you can expect as an employer.

Services for Employees

A company specializing in payroll services ensures the timely payment of all the employees hired to do a particular job or task. A payroll service company works with its clients and mainly focuses on payroll and human resource tasks. It tracks the employee’s hourly or monthly wages, or gross salaries, bonuses, loans, and advances.

Other than that, the payroll service company also marks the attendance of employees, monitors their time at work, calculates payroll taxes, and makes deposits, grants allowances, compensations, and expenses as well. The company also prepares employment tax files, handles the employee’s queries, and provides them assistance whenever needed.

Maintaining Online Records

Nowadays, with technological advancements, the payroll company is also required to maintain electronic reports of the employee accounts with necessary personal details, payment methods, and transaction histories, per hour piece rates, weekly payments, any leaves taken by the employees, and other relevant data.

It updates the accounts every time there are changes in the employment system like changes in wages or salaries, variations in working hours, and other necessary modifications. The company also generates payslips, prints forms for the employees, and send the returns to HMRC (Her Majesty’s Revenue and Customs; a UK government department).

Legal Responsibilities

Additionally, it may also take care of a few other responsibilities related to the human resource department. The payroll service company keeps track of retirement records of employees and employee benefit programs. It can also help with the employee’s legal obligations and labor laws. It also helps the employer to fulfill a few of his legal responsibilities by staying in touch with the HMRC.

The company also produces required documents to HMRC and keep the department updated with the employee records. It also helps meet the PAYE (Pay as You Earn) compliances formed under the RTI regulations. So, the employer does not have to worry about any late fines or penalties regarding the PAYE regulations. It also helps meet the deadlines of payment to external bodies like the HMRC, courts, or other pension providers, reducing the risk of penalties.

Conclusion

As a legal obligation of the employer to provide payroll system updates to HRMC regularly, outsourcing it to a payroll service company reduces the employer’s burden. The payroll company saves time for the employer and keeps the employees always satisfied. While the payroll company takes charge of its responsibilities, the employer can focus on other parts of the organization and work efficiently.

Getting a loan seems to be the norm these days. People borrow money for all sorts of different reasons.

Loans can help in business advancement and acquisition of assets. However, when the weight of total debt becomes debilitating and has significant effects on one’s finances and the general standard of living, drastic measures have to be taken to reduce the amount of debt you have.

There is no shortcut to becoming debt-free; neither is there a magic solution. The journey to being debt-free has to be undertaken with determination and tenacity.

If you have decided to become debt-free, here are seven tips that can guide you;

Know your debt

Humans are known to use denial as a defence mechanism, and this reaction might prove detrimental to your financial health if adopted as regards your debt.

The first step in finding financial freedom is to acknowledge the actual value of all your debt. Then, you compare it to your annual income to know your Debt To Income ratio.

This step will give you a clear view of your circumstances and help you to determine the debt-solving methods best suited to your situation.

Use the snowball or avalanche method

You can make a list beginning with debts with the highest interest rates and go down in descending order to those with the lowest interest rates.

Then, you endeavour to pay off the top debts as quickly as you can while making minimum payments on the others. You will continue to work your way down the list until you have successfully paid them all off.

This is the avalanche method of debt repayment that has the benefit of getting you extra money from the saved interest.

You can also use the snowball method by working your way from the smaller loans to the bigger ones.

There is a sense of accomplishment that comes from paying off a credit that gives you the motivation to continue to tackle your other debts. This method is perhaps more suitable for people who prefer instant gratification.

Use a debt consolidation method

You can obtain a personal loan and use it to combine your several debts into one monthly repayment.

Even with a less than stellar credit history, you can get a car loan with bad credit from financial agencies with low-interest rates.

Unsecured personal loans often come with fixed repayment periods and monthly payment, thereby giving you a clear idea of when you would eventually pay off the loan.

Do a balance transfer

After raking up a high sum on several credit cards, the best course of action might be to transfer the balance on all the cards to a new card and pay off the resulting amount on that card.

With this method, you will take advantage of the zero-interest period that most credit card agencies offer for the first few months after issuing the card.

The money saved on interest can be diverted to paying off the debt. However, you need to ensure that you make complete payment as soon as possible as the high-interest rates will take effect once the promotional period ends.

Use a budget

Deciding on a fixed amount to spend every month can make a world of difference in the payments you make monthly.

For this method to work, you need to take note of ways by which you can reduce your expenses and use them to trim your budget to the barest minimum.

Adhering to a budget will help you discover ways of saving money, but it will also help you to build excellent money management skills.

Use cash often

Using credit and debit cards to pay for things can make you oblivious to the actual amount you are spending and therefore, lure you into a false sense of security.

If possible, restrict your cards for emergency purposes alone and endeavour to use the cash more often. Seeing the money leave your hands or wallet is an excellent way to see the money you are spending and help you to cut back.

Develop excellent financial management skills

Trying to get financially free while maintaining poor spending habits is like pouring water into a basket; your efforts will be wasted.

Tailor your expenses according to your income, resist the urge to splurge on credit and keep finding ways to save money for an emergency fund.

Cultivating the ability to manage your funds effectively is the key to enjoying financial stability for the rest of your life.

Image Pixabay License CCO

The Forex market is traded based on three major types of market analysis. The technical analysis gives the retail traders a unique ability to find the perfect buying spot. By using technical tools, traders can easily asses the highs and lows of the market and find the exact point from where the market will start to change its direction. On other hand, fundamental factors are used to assess the strength of the market trend. The third form of market analysis is known as sentiment analysis and it allows retail traders to improve their trade execution process.

There are things you need to learn when you do the technical analysis. Many naïve traders in Hong Kong often lose money because they don’t know the perfect way to analyze the technical data. Read this article to avoid the most common mistakes in technical analysis.

Trading the lower period

Naïve traders in Hong Kong often analyze the 1 minute time frame to find the perfect trade setups. They forget about the conservative method and try to find high-quality trades in the lower time frame. But finding the perfect trades in the lower time frame is a very challenging task. You can’t make consistent profit by analyzing the 1 minute time frame. To make things easier, you should learn to deal with the higher time frame. Even if you want to trade the lower time frame, learn about multiple time frame analysis so that you don’t have to lose a big portion of the trading capital.

Trading with high risk

Trading with high risk is very common. After analyzing the different stocks, the traders often think they have found the perfect asset to trade. Eventually, they increase the risk to a great extent and try to earn a huge amount of money. But this is not how things work. You should always try to trade the market with low risk so that you don’t have to lose a big portion of your trading capital. Once you develop the skills to trade with the low risk you will see the change in your trading approach.

Trading against the trend

During the technical analysis process, the naïve traders always try to find the trades against the major trend. They think this is the best way to earn money at trading. If you want to survive in the retail trading business, think about the trend trading strategy. Trading with the major trend and looking for quality trade setups is the only way by you can ensure profit. To become the best trader you can be, you should act as the best trader. Forget about the aggressive approach and try to improve your skills over some time.

Trade without any discipline

If you intend to make any profit, you should always trade the market with discipline. Without following strict discipline in each trade, it will be nearly impossible to make a profit. Most of the naïve traders are losing money since they don’t have the skills to deal with the complex market. They break the rules and try to earn a huge amount of money without learning about the core factors. On the other hand, the senior traders are always placing trades with managed risk. They break the rules at trading since they know the consequences of trading the market with high risk.

Conclusion

Avoid making the mistakes mentioned in this article. If you think trading is the perfect profession for you, make sure you never break the rules. Take your steps based on precise calculations. Keep on learning so that you don’t have to lose a big portion of the trading capital. Once you become good at trading, you can slowly learn to deal with the complicated nature of the Forex market. This will make you a professional trader within a short period of time.