Prajna Capital

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• Business Loan Eligibility Criteria
• Additional costs while Buying Home
• Birla Sun Life Advantage Fund dividend

Business Loan Eligibility Criteria Posted: 23 Aug 2016 04:52 AM PDT   Business Loan Eligibility Criteria Business loan eligibility depends upon various factors which differ from bank to bank. The main factor of course, is your ability to repay the loan. Banks that offer business loans will run extensive checks on your business, profits, financial statements and scope of success. For example banks will assess your repayment capacity with the kind of organisation you have built. For your benefit, we have put down some of the main things to take care of to ensure you are eligible for a business loan. Keep the following points in mind to ensure your application goes through. Age Age plays a role in the eligibility and repayment capacity of the individual. Banks generally give out business loans to self employed individuals/business owners that are  typically between the ages of 24 to 65 years. Stable and Sustainable Business A stable business record goes a long way in improving your eligibility for a business loan. Individuals applying for the loan should have been running their business (the one for which you need a loan) for a minimum of 3 years. Apart from this, you should have been involved in managing stable businesses for a minimum of 5 years to increase your chances of securing a loan. Financial Statements Current and previous financial statements of your company are used by the bank to evaulate your repayment capacity. These are very crucial. Any kind of financial instability due to mismanagement is frowned upon and can reduce your chances of being eligible for a business loan. Clean and well maintained balance sheetsthat show financial stability and sensible transactions helps in improving your eligibility for a business loan. Outstanding EMIs Any pending EMIs at the time of applying for a business loan are likely to reduce your eligibility in terms of maximum amount or even loan disbursal. Since the amount is calculated on basis the EMI, you can possibly repay the contributions towards other outstanding loans to reduce the total business loan amount drastically. Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan Invest in Best Performing 2016 Tax Saver Mutual Funds Online Invest Online Download Application Forms For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Additional costs while Buying Home Posted: 23 Aug 2016 04:03 AM PDT   additional costs while buying     The actual price of your home is not the only cost involved when buying a home. There are multiple 'hidden' price tags associated with house purchase that you need to plan for well in advance….to avoid last minute surprises. Some of the additional costs while buying a house are listed below. While all of these may not apply to your situation, it is a good idea to be aware of them. Property Valuation charges Getting property valued is an important step while buying. This not only tells you the actual worth of property under consideration but also lets you know if you are buying at the right price. Even the bank/HFC may require a valuation to be performed on the property, before it can approve your home loan application. So, budget in the cost for property valuation when purchasing a home. Legal fees Before you purchase a property, you need to have a title and a document search conducted by a competent advocate. This verification would involve a legal fee to be borne by you. Registration fee When you buy a property, you need to get it registered; registration acts as a proof that a transaction has taken place. So, registration fee is another additional cost that you need to budget for. Stamp duty payment Every time you carry out a property transfer transaction, you need to pay stamp duty, which is the tax paid to the respective State government whenever a property is transferred. Stamp duty is calculated on the agreement value of the property or the market value, which ever is higher, and is paid by the buyer. The stamp duty charges vary in different states and for different categories. Loan charges Did you think that with a home loan, you just need to make a small down payment for the property, and nothing else? Well, in that case, there is something you need to know – that even the home loan comes at a price. Taking a loan means you need to pay a gamut of loan charges which include loan processing fees, documentation charges, and other administrative charges. These loan charges vary from one bank/HFC to another, and may go up to 2% of the total loan amount. Remember to bargain for these charges with the loan provider while getting the loan. Furnishing and Maintenance charges Buying a house is not the end but the beginning of an ongoing expenditure. You would like to furnish the house as per your taste and personality, and in addition, there would be ongoing maintenance expenses. Because this is your own property, you would not like to cut corners and get the best for your house. So, do plan for these costs well in advance – as these can really make your budget go through the roof. If you are buying an apartment, the maintenance and other miscellaneous charges like parking charges, club membership charges, lift charges, etc. - will be charged upfront by the builder in addition to the actual price the apartment. So, when buying a house, add all possible additional costs to the property value and see if you are well prepared to take the plunge.   Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan Invest in Best Performing 2016 Tax Saver Mutual Funds Online Invest Online Download Application Forms For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

Birla Sun Life Advantage Fund dividend Posted: 23 Aug 2016 02:33 AM PDT Birla Sun Life Advantage Fund Online     Birla Sun Life Mutual Fund has announced dividend under the following schemes:   Scheme Dividend (Rs/unit) Birla SL Advantage-D 7.47 Birla SL Enhanced Arbitrage -D 0.054 Birla SL Enhanced Arbitrage Direct-D 0.054     The record date has been fixed as August 26, 2016. ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saver Mutual Funds to invest in India for 2016 Best 10 ELSS Mutual Funds in india for 2016 1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Religare Tax Plan 4. DSP BlackRock Tax Saver Fund 5. Franklin India TaxShield 6. ICICI Prudential Long Term Equity Fund 7. IDFC Tax Advantage (ELSS) Fund 8. Birla Sun Life Tax Relief 96 9. Reliance Tax Saver (ELSS) Fund 10. Birla Sun Life Tax Plan Invest in Best Performing 2016 Tax Saver Mutual Funds Online Invest Online Download Application Forms For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 ----------------------------------------------- Invest in Tax Saving Mutual Funds Download Any Application Forms Buy Mutual Funds Online Invest Online Buy Gold Mutual Funds Invest Now

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