Best credit card in India

 

What is a Credit Card?

The history of Credit Cards can be traced back to the 1920’s in the United States where they were first used. Since then, this instrument has gained popularity rapidly among the masses. It is an instrument which allows its owner to pay for goods or services in advance; up to a certain limit and then repay it with interest later. Generally, it possesses the attribute of Revolving Credit; wherein the Credit Limit is revised upon complete repayment of past debts.  Here, there is no fixed time frame to pay back the amount used through the Credit Card. The more time any card holder takes to repay, the more interest he is charged. There are numerous options where you can apply for a credit card online. RBL MyCard, Bajaj Finserv, CredPal are some of the popular Credit Card apps or you can also apply on any Bank application. You can easily avail online credit card and monitor your transaction through the app.

How to apply for a credit card?

You can easily apply for a new card via banks or credit card apps like the RBL MyCard app or Bajaj Finserv App. RBL credit card is one of the popular cards in the market. An unsecured credit card needs a strong credit history from the applicant. Sometimes you may not have the pre-approved offer for a credit card. In such cases, if you do not have a credit history, you can opt for a secured credit card where a security amount is taken from you against your new card.

Features of the Bajaj RBL Credit Card –

1) 4 in 1 Card – The RBL SuperCard can be used as a Credit Card, Cash Card, EMI Card, & Loan Card. This gives you the power of 4 cards in one single SuperCard.

2) Interest-free cash – This card allows you to withdraw cash through ATMs for free up to 50 days. This can help you tackle your immediate need for money easily.

3) Seamless EMI conversion – The card allows you to easily convert costly purchases above Rs. 3000/- into simple EMIs. Hence you can shop at greater ease.

4) Emergency cash advance – You can avail an instant Personal Loan at interest as low as 1.16% through the RBL Credit Card.

5) Exciting Rewards – Based on your expenditure & card type, you will receive reward points which can be redeemed at 90,000+ partner stores. The points can also be used to buy movie tickets, gift vouchers, waiver of fuel surcharge etc.

6) Safe & secure – With zero-fraud liability & in-hand security, you can stay protected from cybercrimes and online frauds.

With all the above-mentioned features, the RBL SuperCard can be deemed as the best Credit Card if you are thinking of availing one.

Read Also - Why applying for a Credit Card Online is a Good Idea?

How to start using the credit card?

1) Activating your card

This is an easy procedure that includes 2-3 steps. Activating your card enables you to start using it. You cannot make transactions through your card if you have not activated it. You can simply call the customer care or activate it via an OTP received on your registered mobile number.

2) Understanding the terms & conditions

Before you start using the credit card, it is important that you read the instruction thoroughly and have a complete understanding of the fees and charges. You also must have complete knowledge about your spending limit so that you use the card judiciously.

3) Discarding old cards

If the new card received by you is an upgraded version from your bank, you should discard the old card by cutting the magnetic strip behind it into two.

 

Best Business Loan to get In India

Laying the foundation for their venture can be very challenging can be very challenging for any entrepreneur. Raising capital and getting investors can be difficult and can take up a lot of your time. Even after one has built their company, it doesn't take long for the cash flow to deplete, forcing one to seek alternative financing. An online business loan may be the ideal option for funding your business.

 

What is a Business Loan?

Business loans are offerings from a financial institution/lender/bank/non-banking institution that can enable you in the initial process with the working capital. It offers aid for the acquisition of machinery, equipment, inventory, and furniture, and the purchase of construction equipment or real estate.

 

A business loan app can enable an easy application for a loan without having to visit any branches or providing collateral. These applications provide services such as loan eligibility clearance, paperwork, and disbursement, among others. This provides users with convenience and security by encouraging them to use online banking features and request funds.

 

To apply for a business loan, you just need to make sure you are:

• ·         GST verification
• ·         Income Tax verification
• ·         Bank Account Statements for the last 6 months
• ·         Business Ownership related documentation
• ·         KYC details – Include PAN card & Aadhar Card
• ·         Address proof

 

Here are some of the best Business loan you can apply for in India:

·         Bajaj Finserv

Bajaj Finserv is one of the best business loan app in the market currently. It offers an instant business loan to help fund your venture. Bajaj Finserv offers easy and instant loans of up to for funding your small business. With quick disbursals in less than 24 hours, you can use the funds to invest in new infrastructure, expand operations, upgrade to the latest plant and machinery, maintain inventory, or to increase working capital. The company also offers a flexi loan facility that allows you to withdraw only what you need and repay funds as per your business loan as per your business cash flow at nil prepayment charges. With this the interest is charged only on the amount withdrawn allowing you save up to 45% on EMIs. Get a business loan with Bajaj Finserv app with quick approval, minimal documentation, flexible repayment tenor.

Read Also -  7 Incredible Benefits of Availing a Business Loan

·         Tata Capital

Tata Capital is one of the popular lenders in the market when it comes to online business loan. You can avail funds up to Rs 75 lakh at an interest rate starting from 19%. You can use this loan to enhance the function of your venture in many ways. Eligibility includes age range (25 to 65 years), CIBIL score of 700 and above and a progressive business turnover. If you want to outfit your workers with the latest technologies or you're planning a new store opening, Tata Capital's easy business loans will help you cover your costs. Many companies are in a state of flux as 2020 approaches, and our multi-product business finance offerings are customised to meet your unique needs. With their organised business loan EMI alternative, you can better manage your company's cash flow. You can easily apply for the loan with the business loan app of Tata Capital.

 

·         LendingKart

Lendingkart offers customised business loans for small and medium businesses in India. The loans offered are free from the bureaucratic red tape that often accompanies bank loans and have a very straightforward application, approval and disbursal process. They have designed a fast and efficient digital interface that minimizes human interaction and thus helps in speeding up the whole ‘taking a business loan’ process.

  

5 Best Instant Personal Loan Apps for Quick Cash Requirement in India 2021

A personal loan is an easy method of tackling immediate needs or sudden expenses. There are numerous Personal Loans apps online that offer to assist you by providing instant disbursal of funds with as few documents as possible. However, not all apps are equally efficient because each one of them has a different loan amount to offer, have varied ranges of minimum salary requirement etc. Below are some of the most popular instant personal loan apps that you can look for while applying for an urgent personal loan. 

Kissht – This is a budding NBFC that is evolving rapidly as an instant Personal Loan app. Started in 2015, Kissht has gained popularity in the lending business for its easy accessibility. It offers Personal Loan up to Rs 1 lakh. It has the lowest salary pre-requisite of Rs. 12,000/- & age of the applicants should be 21 years and above. However, a low amount of funding is one of the cons of this application. To sum up, Kissht may have the easiest criteria to fulfil but it has a very less amount to offer as a loan to its customers.

Bajaj Finserv – The Bajaj Finserv app is a multi-lingual platform that caters to the diverse financial needs of the Indian consumer. Online Personal Loan from Bajaj Finserv starts at a rate of 12%. You can avail financial assistance up to 25,00,000 easily upon fulfilling the eligibility criteria. You must fall into the age range of 23 to 55 years & your CIBIL score should be more than 750. Bajaj Personal Loan app can be a viable option for the masses as its scope is pan-India and not just limited to a few cities. The fund disbursal process is quick & easy with a requirement of minimal documents. Money Tap – This platform too is quite recent in the lending market and has some promising features too. Money Tap offers online Personal Loan starting from Rs 3000/- to up to Rs 5 lakh. You must be in the age range of 23 to 55 years & have a monthly income of a minimum of Rs 20,000/- This app provides financial assistance only in a limited number of cities which can hinder its reach and popularity. To conclude, the app has limited funding to offer & is selective about the area in which it operates.

Tata Capital – Tata Capital is the financial services & lending arm of the Tata group. Operating since 2007, this platform offers a variety of financial products. Personal Loan from the Tata Capital app can be availed at an interest rate starting at 11.25%. You can get funds up to Rs 25 lakh instantly upon the fulfilment of the eligibility criteria. It needs the applicants to have a minimum work experience of at least 1 year. The monthly take-home salary to avail instant Personal Loan from this app is a minimum of Rs. 15,000/- & age range should be between 22 to 58 years.

Early Salary – Founded in 2015, Early Salary is a new entrant in the lending business. The app is specially designed for salary advances and Instant Personal Loan. It lends financial assistance up to 5 lakhs to salaried individuals at an interest rate of 30% per annum. Other eligibility criteria include the age of the applicant; which should be at least 21 years & it requires applicants to have a minimum salary of at least 20,000/- to avail a Personal Loan. It only lends Personal Loan in select cities of India and this can be one of the drawbacks of the Early Salary app.

App Name	Max. Loan Offered	Minimum Salary Needed	Minimum Age Needed
Kissht	1 Lakh	12,000/-	21 Years & above
Bajaj Finserv	25 Lakh	25,000/-	23 to 55 Years
Money Tap	5 Lakh	20,000/-	23 to 55 Years
Tata Capital	25 Lakh	15,000/-	22 to 58 Years
Early Salary	5 Lakh	20,000/-	21 Years & above

Get Urgent Business Loan with Bajaj Finance App

 

The market of unsecured loans in India is huge and its rapid growth can be attributed to big financial institutions. Due to business loan apps, they have managed to further simplify the process of availing quick business loan online. One such platform is the Bajaj Finserv App from where users can apply for a business loan easily.

You can avail a small business loan or even funds as high as 45 lakhs from Bajaj Finserv. The app is available for iOS as well as android users. You can easily access information regarding your loan account, services, and Bajaj’s other financial products from their business loan app.

Features of Bajaj Finserv loan app –

1) Online management of your account –

With the Bajaj Finserv business loan app, you can easily manage your existing relations, monitor your EMIs, view past transactions or make new ones & also download the receipts for the same.

2) Drawdown loan facility –

The drawdown facility enables you to withdraw money from a larger sanctioned amount whenever you require as per your convenience. In this way, you have pay interest only on the amount you have used and not on the entire amount that has been sanctioned to you. Hence, it is a pocket-friendly option for you.

3) Exclusive pre-approved offers –

The app gives you personalize offers curated to suit your needs. The process of availing funds or any other product becomes much simpler if you already have a pre-approved for it.

Applying for a Business Loan online –

1) Download and install the Bajaj Finserv Loan app.

2) Sign in with your correct credentials i.e login ID or phone number.

3) Search the product you need e.g. Business Loan

4) After applying, the app may ask for some basic details from you. Fill in the necessary fields and wait for follow-up communication.

 

3 BEST AND FAST SMALL-BUSINESS LOANS

 

Be it expansion, inventory, employing new software, cash flow, equipment etc, a Business Loan is an ideal option from which you can raise funds. You either opt for a bank or any other lender whichever suits your needs. There are numerous online business loan apps that help you get quick funds for your venture in no time.

What are online business loan apps?

These are mobile applications designed by different lenders to cater to all the needs of their customers. Just like any other app, these apps are available for Android as well as iOS users.

Which are the popular business loan apps?

There may be several options to look for when it comes to small business loans. Here are the 3 most popular ones you can check out if you need a business loan –

1) Bajaj Finserv App – A business loan is one of the premium products that Bajaj Finserv has to offer. Bajaj Finserv can offer you a business loan of up to Rs 45 lakh in just a few clicks. With the correct eligibility, you can avail this funding at affordable interest rates. You may need documents like 6 months bank statement, business ownership proof & KYC documents. Eligibility includes age – 24 years and above, CIBIL score should be more than 750 and a business vintage of 3 years minimum.

2) Tata Capital – Tata Capital is one of the popular lenders in the market when it comes to online business loan. You can avail funds up to Rs 75 lakh at an interest rate starting from 19%. You can use this loan to enhance the function of your venture in many ways. Eligibility includes age range (25 to 65 years), CIBIL score of 700 and above and a progressive business turnover.

3) HDFC – HDFC bank is one of the leading platforms for Business Loans. You can avail funds of up to Rs 40 Lakh with the correct eligibility. Other eligibility criteria are the age range of 21 to 65 years, 3 to 5 years of business experience and at least 2 years of progressive business turnover.

 

3 Things You Should Do When You Get a New Credit Card

 

A new credit card is definitely something to be excited about as it offers the liberty of spending. You can use it for numerous purposes like bill payments, shopping, repayment of loans, paying policy premiums etc. It offers the cardholder great convenience and ease. By not getting carried away with exhilaration, here are a few important things that you must do after receiving your card –

1) Activating your Credit Card

This is an easy procedure that includes 2-3 steps. Activating your card enables you to start using it. You cannot make transactions through your card if you have not activated it. You can simply call the customer care or activate it via an OTP received on your registered mobile number.

2) Understanding the terms & conditions

Before you start using the credit card, it is important that you read the instruction thoroughly and have a complete understanding of the fees and charges. You also must have complete knowledge about your spending limit so that you use the card judiciously.

3) Discarding old cards

If the new card received by you is an upgraded version from your bank, you should discard the old card by cutting the magnetic strip behind it into two.

Read Also - All Key Points to Know About Credit Card Pre-Approval

Want to apply for a credit card?

You can easily apply for a new credit card via banks or credit card apps like the RBL MyCard app or Bajaj Finserv App. RBL credit card is one of the popular cards in the market. An unsecured credit card needs a strong credit history from the applicant. Sometimes you may not have the pre-approved offer for a credit card. In such cases, if you do not have a credit history, you can opt for a secured credit card where a security amount is taken from you against your new credit card.