In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
You’ve done it. You’ve taken the exciting leap into the world of business. Your product is ready, your service is polished, and you’re buzzing with energy to make your mark. Your next logical step is to get your business officially recognised by the government, so you head to the MSME Udyam registration portal. You
When it comes to borrowing, whether for personal use or business expansion, your credit score plays a crucial role. It serves as a snapshot of your financial reliability, a numerical reflection of how effectively you manage credit. Among the various credit bureaus operating in India, CRIF High Mark stands out as one of the
Commercial CIBIL vs Consumer CIBIL: Understanding the Key Differences
As a business owner, you have two distinct financial identities, each with its own report card. One is your personal, or consumer CIBIL score, and the other is your commercial CIBIL score. Understanding the difference between these two is the key to unlocking the funding your business needs to grow. In this blog, we’ll
Borrowers often hear terms like ‘charge-off’ in the context of credit cards and loans. A credit card charge-off means that the creditor has given up on collecting the outstanding debt due to the prolonged period of non-payment. A charge-off does not signify a paid-off debt obligation. Rather, it simply means that the lender has
Example of Securitization Securitization is a process of pooling together multiple liquid assets and turning them into securities. These securities are then sold out in the secondary marketplaces where investors can invest in them. Sounds confusing? Here is an example to help you better understand how securitization works: A bank named New Bank is
All taxpayers in India, are mandatorily required to furnish their Permanent Account Number (PAN). So, it is compulsory to obtain a PAN card because it should be necessarily quoted in all communications with the Income Tax Department. What is a PAN Card? The income tax department of India issues a laminated card which states
