Monthly Archives: August 2018

7 Tips to Grow Your Business With Unsecured Business Loan

No matter how big or small your business is the right influx of capital is the only prerequisite that can keep your business running without any bottlenecks. The more capital your business makes use of, the better you do in terms of output and turnaround. Sometimes, small business units tend to suffer a lag due to a dearth of cash. In difficult times as these, SMEs and MSMEs tend to turn to business loans. A business loan is the key to solving all your business problems stemming from finance issues. While many financial institutions ask for collateral in lieu of a business loan, TAB Capital offers small businesses unsecured business loans without any collateral in just 2 days! Boons of digital lending are many – the primary facet being quick assistance to your business needs!
Let us now look at the 7 ultimate tips which can help you use your unsecured business loan to grow your business.

Business Expansion

If you are planning to scale up your business operations, an unsecured business loan can help you in a lot of ways. But, before anything else, you must have a plan at hand, so as to execute things smoothly. You can identify the gaps keeping your business way from a better performance, and thereafter use your loaned money to make necessary amends. You may increase your stock of inventory, or invest in good manpower for a better turnaround in the long run.

Infrastructure Development

Infrastructure is one of the primary needs for businesses to function properly. Since it is the backbone of any business, one should never compromise on negotiating good infrastructural setups with cheap substitutes. Many businesses such as factories and manufacturing units are on the lookout for larger spaces in order to set up their business structure. On the other hand, businesses who do not own a lot of inventory make do in smaller spaces. As and when the requirement demands, every business setup calls for modification to sustain a healthy functional unit. If you too are looking to stay ahead in terms of business output and impression, invest in quality infrastructure development with your unsecured business loan.

New Inventory

Poor stock of inventory shall affect your business output sooner or later. So, make sure you have a good stock of inventory which caters to your customer needs. Taking an unsecured business loan to purchase inventory is never a bad idea. It will not only help you meet your customer’s demands but also escalate your production cycle positively.

Operational Costs

Do not let your operational costs affect your business output. Take a business loan and pay off the miscellaneous expenses like accounting costs, buying costs, pending salaries, etc. You can always pay back the loan when your business comes back on track!

Staff Recruitment

In any business setup, good manpower is a must. If you are currently paying 10 employees and doing a decent job, hiring 10 more employees with an unsecured business loan might just open up newer avenues of success and profitability for you! As it is widely known, the more the merrier!

Professional Website

Do you want to be left behind – all caught up between four walls, piles of papers and machinery, while the world races towards digitization? If not, it’s time to jazz up your business presence online. Use your business loan to invest in a good web-developer, graphic designer and UI/UX specialist, who can help you build a new business website and reach out to a wider audience with your unique platter of products and services.

Marketing and Promotion

The fate of your business depends on how well you market your products and services. It is advisable to conduct offline and online marketing to leverage your business sales, and like every other smart investment, this too shall reap greater benefits to you in the long run. Invest in substantive marketing and promotion if you haven’t already.
If by now you have chosen how you intend to use your Business Loan, it is time to look for the best financer who suits your need from all aspects. TAB Capital envisions a pathway of long-term success for SMEs and MSMEs, and harps on providing them with the best of finance solutions. Apply for an unsecured business loan with TAB Capital and enjoy several benefits of maximum loan amount, attractive interest rates, no hidden charges or prepayment charges, long repayment tenure and super-fast loan disbursal!
Let TAB Capital help you grow your business to supreme levels of success!

top 10 Non Geared Bikes in India

Top 10 Non-Geared Bikes To Look Out For In 2018

Ever since the launch of Honda Activa in 2001, there has been an emerging trend of automatic scooters in India. Commuters, who are unwilling to delve into some serious ‘gearing up’ while on road, often prefer non-geared bikes over the geared ones. Today, all prospective scooter buyers are spoilt for choice as almost all leading brands of two-wheeler manufacturers are coming up with newer models of scooters in light speed. As per the financial reports in 2017, sales of scooters have crossed a threshold of 5.6 million, and in all probabilities, automatic scooters are here to stay. Moreover, Two Wheeler Loans readily available in the market today have provided an aid to quick finances for prospective scooter buyers. Check out the top 10 non-geared bikes trending in India.

Here’s a look at the top 10 non-geared bikes/scooters of 2018 which you can buy in India.

1. Honda Grazia

Launched the last year, Honda Grazia is a 125 cc, all-new designed scooter introduced to India by a Japanese company. With a maximum power of 8.52 bhp at 6,500 rpm and 10.54 Nm of torque at 5,000 rpm, this scooter tops the list in terms of appearance and innovation and is currently priced at Rs 59,043. It has a long list of features among which some include LED headlamps, digital instrument console, combi-braking system and much more.

2. Honda Activa

The largest selling two-wheeler in current times, the Honda Activa has three models – Activa 4G, Activa i, and Activa 125.  While the first two models are equipped with a 109 cc engine, making 8 bhp and 9 Nm, the last one gets a 124.9 cc motor, deliberating 8.52 bhp and 10.54 Nm. The prices of Honda Activa vary between Rs 47,000 and Rs 60,000, depending on the list of its features and design.

3.  TVS NTorq 125

TVS NTorq is a 125 cc automatic scooter launched by TVS, with an edgy and angular design. It is said to be one of the most feature packed scooters running on Indian roads today. Some primary features include a smart connect system, LED daytime running lamps, front disc brake, 22 liters of fuel storage, USB port and so on. Priced at Rs 58,687, NTorq deliberates a maximum power of 9.3 bhp at 7500 rpm and 10.5 Nm of peak torque at 5500 rpm.

4. Suzuki Burgman Street

The first ever 125 cc maxi-scooter launched in India, Suzuki Burgman Street is a blend of uniqueness and an out-of-the-box design. Its engine pumps out 8.58 bhp at 7,000 rpm along with 10.2 Nm at 5,000 rpm. Currently priced at Rs 68,000, Suzuki Burgman Street is feature-rich with a couple of up-front cubicles along with a 12V socket, an optional USB charger, LED headlamp, and so on.

5. TVS Jupiter

Loaded with power-packed features such as external fuel-filler cap, telescopic suspension, optional disc brakes, pass switch and much more, TVS Jupiter gives a claimed fuel efficiency of 62 kmpl. The 12 inch wheels at front and rear offer a smooth ride quality. The 109 cc motor deliberates at 8 bhp and 8 Nm, and has an ex-showroom price of Rs 49,666.

6. Hero Maestro Edge

Hero MotorCorp’s Maestro Edge is powered by a 1109 cc engine which pumps out 8 bhp and 8.7 Nm of torque. The bike’s front rear wheels are widened up to 12 inches, whereas the ones behind are of 10 inches. This no-geared bike has a host of features like LED tail lamp, telescopic suspension up front and a BS IV compliant engine with AHO; and the single variant of Maestro Edge is priced at Rs 50,480.

7. Suzuki Access

Over 2.65 lakhs of Suzuki Access have been sold in FY2017. With a BS IV compliant engine and AHO, this 124 cc of engine churns out 8.6 bhp and 10.2 Nm. It is also packed with a list of features such as disc brakes, telescopic suspension, etc. Currently, the drum-brake variant of Suzuki Access is available at a price of Rs 54,302, while the disc brake variant, available for Rs 57,615.

8. Yamaha Fascino

The Fascino is packed with a 113 cc engine that gets 7 bhp and 8.1 Nm, and gives a fuel efficiency of 66 kmpl. Although it does not have a disc brake variant, it gets a telescopic suspension up front. The single variant of Yamaha Fascino is priced at Rs 54,330.

9. TVS Scooty Zest

TVS Scooty Zest is well-suited for female riders, and is often known for its style, agility and lightweight body. It also gives a fuel efficiency of 62 kmpl and has the same engine composition as that of Jupiter. The standard variant of the bike is priced at Rs 46,538, and the matte version is priced at Rs 48,038.

10. TVS Scooty Pep Plus

Introduced in 2003, TVS Scooty Pep is designed to set newer benchmarks of comfort and convenience. The upgraded version, Scooty Pep Plus, is built on extensive customer feedback. The single variant, available in 6 colors, has a 80 cc engine, fuel efficiency of 68 kmpl and churns out 5 bhp. Currently, the TVS Scooty Pep Plus is priced at Rs 39,995.

Now that you’re well-informed about the top choices of non-geared bikes this season, buckle up to bring your ride home at the earliest. Worried about the finances? Apply for a two-wheeler loan with TAB Capital, and get your loan approved in just 10 minutes! To know more, visit here.

Image Courtesy: ZigWheels, CarandBike

Business Credit Scores

All You Need To Know About Business Credit Scores

Business credit scores are fundamental in assessing a business’s credit-worthiness. Having a good business credit score helps financial institutions measure the credibility of a business, and extend business loans to them in times of need. Not only do quick finances come handy, but business reputes are also established in the longer run. So, it is always advisable to check your personal and business credit score from time to time to keep a check on your financial position.

How is a Business Credit Score calculated?

A business credit score is calculated based on the company’s credit report. It typically ranges from 0 – 100, and sometimes, also reaches as high as 1800, depending on the type of score.

There are 3 major credit reporting agencies which assess business credit scores. They are Equifax, Experian and Dun & Bradstreet. Each of these agencies has a different approach in computing business credit scores. Most likely, all these agencies extract heavy information from a business’s payment history to suppliers, lenders and creditors.

Let us now understand how each credit bureau calculates a business credit score.

Equifax Business Credit Score

Equifax offers three types of business credit scores, which include Payment Index, Credit Risk Score, and Business Failure Score.

  • Payment Index – The Payment Index is measured on a scale of 100, which reflects the total number of on-time payments made by a company. This type of credit score does not predict the future behavior.
  • Credit Risk Score – Varying from 101-992, this type of score shows how likely a company is expected to become negligent in making payments. It measures the company size, the available credit limits, the tenure of the oldest financial account opened, and invoices of delinquent non-financial transactions.
  • Business Failure Score – Ranging between 1000 and 1800, the Business Failure Score measures the possibility which suggests a business’s final break down. It relies on records which testify the company’s worst payment statuses and credit utilization.

Experian Business Credit Score

Experian’s Business Credit Score pertains to extracting crucial information related to the company’s creditworthiness, such as payment trends, account histories, public records, etc. Some factors which come into account are business time, lines of credit, amounts collected, payment history, available credit, late payments and non-net-30 lines of credit.

Dun & Bradstreet Credit Score

This uses three kinds of risk measurement, which are PAYDEX score, Credit score and Financial Stress score. The Paydex score, ranging between 0 and 100, is based on collated payment data. This data is used to understand a business credit score. Credit Score on the other hand is measured from 1 to 5, with 1 being the best score. This type of score pits a company against the others who’ve had a similar payment history in the past. Lastly, the Financial Stress score matches a business with other companies which share similar business and financial characteristics. It reflects how often a business makes on time vs default payments in comparison to others.

How can you check your Business Credit Score?

It is important to check your credit score before you apply for a business loan. Simply get a copy of your business report from any of the above listed agencies in lieu of a fee, and understand your credit-worthiness.

Key Takeaway

If your business credit score reflects your company’s financial stability, you may opt for an online business loan without any collateral, exclusively with TAB Capital. Get a maximum loan amount of up to Rs.50 Lakh with benefits of minimum paper work, swift online application, attractive interest rates, long repayment tenure and super-fast loan disbursal!

To apply for an unsecured business loan with TAB Capital click below button.

10 most common questions asked when taking a Two Wheeler Loan

10 Most Common Questions Asked When Taking a Two Wheeler Loan

If you’re done with relying on the untimely availability of public commutes and paying surge charges for cabs, it’s a sign that you’ve started thinking about getting yourself a brand new two-wheeler; a bike that would help you glide your way through the traffic, and save a lot of your time. Two-wheeler loans, readily available in the market today, can spare you all the hustle and make your daily ride to work more comfortable. However, it is very important to make the right choice from among the various two-wheeler finance options available in the market. Check out some two wheeler loan questions you should ask while taking it.

Here are 10 questions that you must ask yourself and the lender before you seal the deal.

1] How much is the down payment?

If you go for a two-wheeler loan, you must first analyse how much is the margin money and how much amount is to be financed by the lender. Usually, the extent of a two-wheeler loan varies between 80-90% of the total amount. But with TAB Capital, you can avail a two-wheeler loan of up to maximum amount depending upon your eligibility.

2] What is the loan application process?

Usually, a loan application process in the traditional lending system could eat up a lot of your time, running errands to the bank. But TAB Capital makes your loan application process swift and seamless, done completely online.

3] Can I afford the EMI?

Analyse the EMI cap wisely, so that the monthly repayments do not pose a financial burden on you. Some lenders offer long loan repayment tenures, which in most cases turn out to be beneficial for borrowers. TAB Capital offers attractive interest rates and long repayment tenure of up to 3 years on two-wheeler loans.

4] When is the EMI date?

Once the EMI date is fixed, you might not be able to change it. So, fix up on a date where you can pay off the monthly amount without any EMI bounces.

5] Are there any hidden charges?

Apart from the interest, you may also need to pay a processing fee or an administrative fee on the two-wheeler loan, which is either fixed or a certain percentage of the loan amount. Sometimes, you may also have to bear charges of the loan application, valuation fees, stamp duty and lawyer fees. But online lender, such as TAB Capital do not impose any hidden charges on bike loans.

6] How is the interest rate calculated?

It is advisable to compare the EMI of various financers who offer you a similar amount and repayment tenure. Sometimes, even when the interest rates are the same, in actuals, different ways of computation lead to an EMI reduction. So, conduct a due diligence before settling with a lender. You may also look up the EMI to be borne by you with the help of online EMI calculators.

7] What supporting documents do I need?

You must keep all the important documents ready before you reach out to the lender. Make sure your KYC documents, bank statements, income proof certificates, and other supporting documents which testify your present financial freedom, ready at hand.

8] Is there any collateral required?

Some lenders would ask for a security against which would they loan out the money to you. However, online lenders such as TAB Capital provide two-wheeler loans without any collateral.

9] Is there any prepayment penalty?

You might want to pay up the remaining loan at one go after you are rewarded with a sale of shares or just a bonus! However, some lending institutions levy a pre-payment penalty of 0.25-2% depending on the nature of your loan. Thankfully, TAB Capital do not impose any prepayment penalty on you.

10] When will my two-wheeler loan be approved?

Loan approvals can be a time consuming and cumbersome process if you opt for a two-wheeler loan through the traditional lending system. Nevertheless, TAB Capital can approve your two-wheeler loan in minimum amount of time.
Apply for your two-wheeler loan with TAB Capital and get set vroom!