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Article by Tim Red

So many people come online these days to make it big and work full time from their home. They work hard for about a month and then are left scratching their heads. They sit back and wonder why they failed. Where did they go wrong? Why is everyone else doing so well online? Well if this sounds like you I’m going to tell you, not everyone is doing well online and here are the top 18 reasons why.

1. Lack of Knowledge/Experience: Just like with everything in life the more knowledge and experience you have at something the better you will be. Think back when you started to drive a car for the first time. You were nervous and all over the place. Nowadays you don’t even think about it, it just comes naturally to you. It’s going to be the same way when you start your own home based business. The key is to learn as fast as you can by reading and studying everything you can about your business.

2. Self Belief/Mindset: When you have your own business you must believe in yourself. You must wake up every day in the right mindset telling yourself you will be successful. This is very hard in the beginning when you are struggling and trying to get your business up and running. The key is to stay positive and don’t focus on the negative aspects.

3. Sign Up Under A Friend/Family Member: So you got hooked in by someone you know. They told you that they had this great business opportunity and you were going to make all this money with them. So you joined their team and now realize they are just as new to this as you are. They can’t help you build your business and you find yourself stuck with no help. Try to avoid joining under people who are brand new. Try finding someone who can help you out personally when you have questions. Do your research and find a great mentor, not your best friend.

4. No Plan/Goals In Place: You must have a business plan when you start your home based business. If you start a business and treat it like a hobby you will make little or no money. You must have a set plan to follow and layout your goals for your business. Many people just sign up with a company and start running, going all over the place not knowing where to go. Once you get started in a company, take the time and layout your plan. Once you have your plan and goals in place you will have something to work towards.

5. Lack Of Self Discipline: Lack of self discipline, being lazy or procrastination. Whatever you want to call it, it will kill your business before it even gets going. When you started your own business you took on the responsibility of being your own boss. If you can’t be your own boss or you have to be told to do everything even when you know you should be doing it. Having your own home based business is not for you.

6. Lack Of Time/Unwillingness: It takes time to run a business. You still can make your home based business work with little time it’s just going to take longer to grow. Now I put unwillingness in here for a reason. Some people have a lot more time then they think. If you really want to build your business you can stop watching TV, playing video games, or even get a few less hours of sleep. If you are willing to make your business successful you will find the time.

7. People Want Quick Money: I’m sorry to say, having your own home based business is not the same as winning the lottery! I know everyone already knows this but, people still surf the internet trying to find out how to make quick money. If people would focus on learning how to market and sell online they would make money a lot faster than trying to find quick money on the internet. There is no such thing as QUICK money.

8. Secrets/Magic Tools People are crazy about some words like secrets, Free, Automatic, Fast money etc… This ties in with making money quick and I’m here to tell you there are no secrets. Every business involves work. If you are looking for a business opportunity that will make money automatically and in no time, you might be looking for a long time. Magic Tools are all over the internet that claim, just click and start making money. You will need tools to run your online business, but there is no tool available that will make money itself.

9. Wrong Business: Sometimes you just get into a bad business or a business that’s not right for you. If you find yourself in a business that you don’t like, it might be hard for you to promote that business. If you have given a business a fair chance and have been with it for a few months and don’t like it. It could be time to move on.

10. Building Your Own List: You must be building your own list of contacts so you can market to that list whenever you want to. In the beginning your list will not produce you much money but over time as your business grows and your list grows it becomes very powerful.

11. Looking For Free Solutions All the Time: Many people try finding free solutions and sometimes this can hurt you. If you are running a business you want to look professional. So if you go and get a free domain and it looks unprofessional you could lose customers. This applies to everything about your business. Look for places to save money but, sometimes you just have to spend a few extra bucks.

12. Investing In The Wrong Things: If it doesn’t make your business grow or make you money don’t waste your money on it. You don’t have to buy all the latest and greatest software to have a successful online business. Don’t get caught up in the hype of product launches, do your research before you buy.

13. Lack Of Persistence/Get Frustrated: Having your own business can be a roller coaster ride. You must learn to control your emotions and stay focus. If you are not persistence you will never be successful. You must have a plan and stick to it even when you are frustrated and ready to quit.

14. Shift Blame: Many people when starting a business shift blame when they don’t get the results they want. Many people will blame the companies calling them scams. It is up to you to take full responsibility of your results. You must be honest with yourself and if you are not getting the results you want. Ask yourself are you doing what it takes to get better results? Now sometimes you are just in a bad company and then it’s time to move on but, be honest with yourself.

15. Scared To Talk On The Phone: If your website is set up to collect phone numbers and people leave them, give them a call as soon as possible. I try calling people the same day they were on my site. By not picking up the phone and calling them, you lose money from the traffic you already have.

16. Commission Breath: Don’t be pitching your business all the time. You must build relationships with people and bring value to them. If all you do is pitch your business to everyone you meet and talk to on the phone, you are killing your business.

17. Under Marketing: If you have your own home business you have to market and market some more. You must get your name out and seen by any person who might want your product or services. The more marketing you do the more sales you will hopefully be making.

18. Under Capitalized: You can’t start your own business for free. You can do it very cheap but, you still need to spend some money. The more money you can put into your business the faster it can grow. If you have no money and want to start a home based business it might be better to wait and save some money before taking it on.

These are 18 reasons that could be influencing why you are having difficulty finding success in your own home business. Work on eliminating these fatal reasons from your business and you will be well on your way to achieving your hopes and dreams.

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Article by Private Student Loans With No Credit Check Are Best Option For You

Are you a student with bad credit records who is running out of cash to meet educational expenses? Then, you can easily get the best financial help with bad credit student loans. These loans are meant for people who are not having good credit records. They can avail the cash help with these loans very easily and conveniently. These loans have already helped large number of students to meet their educational expenses. Having bad scores will not become a hurdle in getting the cash help. Expenses of education are rising with time and it becomes very difficult for people of all incomes to meet them all. Thus, the bad credit student loans are very beneficial for getting higher education without taking tensions of related expenses. These loans cover almost all the expenses related to education like tuition fees, hostel fees, books etc. You must be wondering as where to get the bad credit student loans from? No need to get worried as there are large number of lenders and financial institutions who are willing to provide these loans.

Little search online will help you find the most reliable source to get the loans without making any large efforts. Rate of interest is little higher in these cases of loans, but it is completely affordable. One can find number of lenders, financial institutions and private banks providing these loans at easy terms and conditions.

Lenders may check the course fee and financial condition of the borrower while making the bad credit student loans available to the borrowers. These loans are best to fulfill all your education needs. People who are interested to apply for these loans can go online. There, they can fill up an easy application form with all the basic details. Once an application gets submitted and the loan gets approved, a student needs not to wait for enough time to get the loan amount. Thus, if you are the one having bad credit history and falling short of money to get your education completed, make use of bad credit student loan. No doubts, these loans are one of the best loans available to cover all your educational expenses.

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Every business owner knows that public relations is a subset of marketing and marketing is a subset of sales.  The “bottom line”, to use an overused term, is what it’s all about.  Whether a company is selling a product or service, making the sale is the goal.

 

So it’s often fascinating when a company says, “I just sold so and so,” and they name a company.  The truth of the matter is, companies don’t sell to companies.  People sell to people.

 

And this is the crux of good interpersonal public relations.

 

Certainly, to make the sale a company or organization must have the right elements – quality product, good service, competitive pricing, reliable deliverability and so forth.  But before the customer signs on the dotted line, there is personal interaction between someone at the company making the sale, and someone at the company approving the sale.  I am not talking about companies that sell to the public.  I’m talking about business to business sales.  When one order could be worth thousands or millions of dollars to a company.

 

How likely is it that a company will place a large purchase with a company if the representative is not paying attention to their public relations?  What does this mean?  It means things like returning phone calls promptly, taking time to answer questions and going the extra mile.  There are just too many companies selling the same products for any one company to be so arrogant as to think they can be successful while not paying attention to their one-on-one public relations.

 

The lesson here is that public relations is more than creating a great image and getting stories in the media.  That aspect is critical to drive prospects to a company.  But when a prospect makes the call, the one-on-one relationship that develops is also a form of public relations.

And for most businesses, the most important form.

 

 

 

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When obtaining a business loan for a car wash business, it is imperative that you have a properly structured business plan that will assist you in showcasing how you intend to operate your Car Wash, how the business will operate, how you intend to market the business, the anticipated financial results of your company, and how you intend to repay your debt obligations. This sample loan business plan will provide you with the framework that you need in order to acquire a business loan for starting or expanding this type of business.

 

 

 

When obtaining a business loan for a car wash, it is imperative that your business plan has a clear and concise executive summary that provides an outline of what are seeking to accomplish, how much capital you are seeking to raise, the management biography of the business owner, and an overview of the anticipated profit and loss statements of the business. Here is an example of how the title paragraph should be written:

 

Car Wash, Inc. (“the Company”) is seeking a business loan of 0,000 in order to launch the operations of a car wash that will be based in San Francisco, California. The Company was founded in (Insert Year). The business was founded by Mr. John Doe.

 

 

In the next segment of the business loan and business planning document, you should showcase the products and services that you will be providing to the general public. For instance:

 

The Car Wash will provide customers with the ability to quickly have their cars exteriors and interiors cleaned by the Company’s professionally trained staff. The business will not have an automated drive through car wash, but rather individuals will wash and clean the car by hand. The business will generate revenues through the services rendered by the Company’s staff as well as through the sale of car care products.

 

 

Now it is time to discuss the anticipated terms of the business plan that you are seeking. An example paragraph of how this is stated:

 

At this time, Mr. Doe is seeking a conventional business loan in the amount of 0,000. The interest rate, loan terms, and loan covenants are to be determined during negotiation. However, this business plan assumes that the business will receive a seven year business loan with a seven percent interest rate due on the outstanding principal balance.

 

Now that the summary of the business has been provided, it is time to provide a brief overview of the owner of the business. An example paragraph summing up the owner is as follows:

 

Mr. Doe is a highly experienced business person that has years of experience regarding the direct ownership and management of business. He will be able to effectively bring the operations of the Car Wash to profitability while ensuring that the business loan’s payments and its covenants are met at all times.

 

The most important thing to your lender when applying for a business loan is how you intend to repay the bank. In this section of the business plan, you should provide an overview of the finance’s of the business discussing the anticipated revenues, expenses, and profits/losses. You can also discuss the applicable collateral within the business plan that will be used to secure your business financing.

 

 

One of the most important aspects of your business plan is how you intend to expand the business over a three to five year period. Banks and finance companies always want to see that the business will experience a moderate to strong level of growth. This is especially true in business lending because as your business grows the cash flow that secures your business loan will decrease proportionality against your monthly credit obligations. An example of how this is stated is as follows:

 

The Car Wash will continue to expand through organic means including increasing the Company’s advertising budget via the reinvestment into the after tax cash flows of the business. Additionally, if the business is highly successful then the Company may seek to establish additional Car Wash locations after the third year of operations.

 

 

 

 

In this section of the business plan you should focus on how the proceeds of the business loan will be used. An example of this would be as follows:

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Car Wash Establishment – ,000
Car Wash Equipment and FF&E – ,000
Working capital – ,000

 

In this section of the business plan you should discuss the percentage ownership of the business among the owners of the business. For example:

 

Mr. Doe will own 100% of Car Wash, Inc.

 

 

When applying for business financing, the bank will also want to know who serves as the board of directors. For small businesses, usually the owner serves as the director of the business. An example of how this is worded:

 

Mr. Doe will be the sole director of Car Wash, Inc.

 

 

Any bank or financing company is also going to want to know what you intend to do with the business over a set period of time. Many business owners will develop and expand a business with the intent to sell the company to a third party at a later time. When drafting this part of the business plan you should focus on what you intentions are in regards to potentially selling the business. This is often worded as:

 

Mr. Doe would most likely sell the Car Wash to a third party for a significant earnings multiple. Car wash businesses usually sell for approximately one to three times earnings given the financial strength of the business. In this event, the business would be sold by a business broker and the business loan sought in this plan would be repaid according to the covenants of the business loan agreement.

 

 

When developing a business plan that is appropriate for obtaining a business loan or other business credit facility you need to clearly showcase the services or products that you will be offering to the general public. An example of how this section is worded goes as follows:

 

As stated in the executive summary, the Car Wash will provide general car cleaning (of both the interior and exterior of a vehicle) to the general public within its San Francisco based market. The business will generate significant high margin revenues from these services.

 

Additionally, the business will generate additional streams of revenue from the sale of car care products that customers can use at home.

 

 

 

It is important to let your financial institution know that you are well apprised of the financial situation of the general economy when you are applying for a business loan. This is especially true in today’s environment where lending has become more difficult and will remain more difficult in the foreseeable future. Specifically, you should gear this section of the business plan analysis towards the industry that you are operating within. For example:

 

The current economy has remained difficult over the past few years. However, Car Wash businesses typically operate with a strong state of economy stability as these businesses provide a broad level of car cleaning services with a relatively low pricing point. As such, the Car Wash will be able to remain profitable and cash flow positive at all times despite the current state of the economy.

 

 

In addition to providing your business loan officer with an understanding of the general economy, it is important that you showcase that you have an equal understanding of the industry in which you are operating within. As such, you will need to provide you business loan institution of a brief overview of your industry and any potential changes that may affect the way that your company does business. An example of how an industry overview is as follows:

 

There are over 13,600 car washing establishments in the United States. These businesses produce over billon dollars a year in gross receipts. Additionally, the business employs over 124,000 people, and generates payroll figures of .2 billion dollars a year. The industry has experienced a tremendous rate of growth over the last ten years. The car washing industry from 2000 to 2005 experienced growth of more than 18% over the five year period. This industry is one of the fastest growing industries in the United States.

 

 

 

 

In this section of the business loan application and business plan analysis, you should focus on the demographics of your localized market (or national market if applicable). This section should discuss how many people live in your area, the anticipated number of people that would require the use of Car Was businesses, the median household income of people living in the area, poverty line statistics, and any applicable laws that would apply to your operation of the Car Wash.

 

 

Many people that are developing new businesses or expanding existing businesses often feel that their business does not have any competition or limited competition at best. However, this is almost never the case. Unless you have re-invented the wheel – you will have competition. When applying for a business loan, you should clearly showcase your competition in your business plan. This is especially important to your banker as they will be able to gauge your ability to be successful in your targeted market. Many business loan underwriters will aggressively confirm that competitive nature of your local market and your local industry.

 

When drafting this section of the plan you should heavily discuss the competitive advantages that you intend to have over your competition.

 

 

In addition to all of the above information that we have covered, your business loan officer is also going to want to know how you intend to market your business to the general public. Most people do not quite understand how to effectively market their business outside of prominent signage or flyer distribution. When applying for a business loan (again in this difficult lending climate), your banker is going to want to see that you have a clear methodology of how you intend to market your services or products to the general public. In this section of the business plan – we will overview how to showcase your services/products to the general public.

 

 

The Car Wash will place prominent signage on the facility to draw a significant amount of foot traffic.
The business will maintain listings in the Yellow Books.
The Car Wash will also maintain an internet website that showcases the Company’s operations, hours of operation, and relevant contact information.

 

Additionally, you will be required to further drill down (in your business plan) how you intend to implement your strategies when you launch or expand your business’s operations. In this section of the business loan and business plan documents, you should amplify the bullet points from the section above. For instance:

 

The Car Wash, Inc. intends to use a number of strategies that will create instant traffic and customer flow to the Company’s location. These strategies include not only using prominent facility and road signage, but also distributing flyers to people that fall into he Company’s targeted demographics. The business will also regularly take out advertisements in localized newspapers that showcase the Company’s hours of operations, car washing services, and specials that are occurring within the Car Wash’s location on a regular basis..

 

The business will also maintain a highly informative website that showcases the Car Wash’s services, its hours of operation, service information, licensure information, and other relevant information in regards to the Company’s services. This website will be listed on major search engines such as Google as many people now use the internet to locate local businesses.

 

 

Beyond any other part of your business loan application or business plan, the financials section of these documents are what matters most when applying for a business loan or any other type of credit facility. Ultimately, this section of the business plan showcases not only what your anticipated profitability will be, but also how you intend to repay the funds that you have borrowed through your business financing facility. An example of how this section is structure is as follows:

 

 

Car Wash, Inc. will have an average annual growth rate of 10% per year.
Mr. Doe will acquire 0,000 through a business loan in order to launch the operations of the business.

 

 

Now it is time to showcase how you intend to repay your loan, generate a profit, and increase the book value of your business over a three to five year period. BusinessPlansForLoan.com has developed an easy to use financial model that you can use when drafting out the financial model for your business plan and business loan application. Through your business loan application, you will be required to have the following:

 

Profit and Loss Statement for your Car Wash
Cash Flow Analysis for the Car Wash
Balance Sheet for the Car Wash
Business Loan Amortization Tables

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Business and the online marketplace for anyone intending to sell goods or services to B2B Internet marketing and direct sales to the difference between consumers should know. Marketing a number of general principles are similar. There are some differences that may damage your marketing efforts when it is taken into account are not. The good news is that in some respects, for companies selling goods and services is easier than selling to consumers and the profits are very often at the start it are great.

Business to buy or just see the product or service in your own time, then one person to buy or not the point of order in a very long chain Sometimes a group of people is not to decide, and may take more time and concrete.

When a consumer, something you process and sell for a person to have to explain.

Some repetition is necessary in marketing to consumers not to purchase more than one first, but once your article so appealing, they could now be placed in front of them repeatedly. The same principle applies to B2B Internet Marketing but the beneficial effects of a long line for those who want to choose should last.

It is important to the company or companies to reach to the element of marketing services and e-mail often faced with one of them keep their products or services, but great way to e-mail you should be very careful when consumers B2B Marketing Internet Marketing. People who receive a specially those who are admitted to the e-mails, many more products or services offered, discounts and items by e-mail them to the professionalism and good, what happens to be interested. It is less likely because the company with a business plan can be your B2B internet marketing. They send you e-mails or letters, misspellings, odd line breaks, broken statues and anything else is improper is likely that your message across and it continued along the line a certain degree of professionalism success of your products is expected to or services not sell so be careful with your email marketing plan. You just right, not clear, but it should also appeal to their effectiveness and because they come from both society and some see if you really want a lot of money I need to generate.

If you sell to companies that you know your audience very well and make sure that B2B marketing efforts on the Internet and focus are all business, but you can fill the needs of businesses on how to have known about your products.

Made-from-india.com is largest B2B Marketplace which company provide Members catalogue, Products details and search results. Provide connecting global buyers with Indian Manufacturers, Suppliers and exporters.

 

URL: http://www.made-from-india.com/article/Business-With-Business-To-Business-Marketplace-689.html

 

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Article by Cash Express Payday Loans

During the middle or near end of the month, you may find that your monthly salary fall short after paying your day to day planned monthly expenses. At such time when unplanned and unexpected urgency takes place you can not able to deal with it. However it is really very important to fulfill the demand of emergency cash on time or else the failure would make would make loan even more expensive with late fee.

Thus, to solve this messy situation you can opt for

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Article by Send Money Online

With the technological advances around today it is very easy to transfer money abroad. In fact, it has become a profitable part of our economy recently. Not to mention the fact that it has opened the doors to international relations with many other countries and this is always a good thing in terms of money, business, and peace for that matter. You can complete an international transfer in only a few easy steps and it will take only a matter of moments. In fact it will be available to the recipient almost immediately.

To transfer money abroad you will need a valid bank account. This will prove your identity and allow the bank you are using to link to either the international bank directly or allow the middle company you are using to link to your bank account and then to the international bank that the money is being transferred to. It is more secure if you simply use your bank. That way the transfer of funds is only going through two channels-your bank’s and that of the international bank. This will cut back on the time it takes to complete the transaction and will also allow it to be a more secure transfer. When using a middle man things can get kind of messy.

To transfer money abroad you will also need to have a basic knowledge of the country’s currency rate. This will give you the needed knowledge to allow you to have the right amount of money to cover the transfer sum and the fees that go along with it. When transferring money abroad the fees can be anywhere from five dollars to fifty dollars depending on the amount of money being transferred. If you are looking for a cheaper way to transfer money abroad then you might want to look into something like a prepaid debit card.

With more people working away from home, it has become an important to know the best ways to transfer money overseas and support your family. In early days, the methods were cumbersome and long winding that took ages or got lost midway especially checks in mails. But with faster technology and safer methods, you know right away when the money has reached the beneficiary.

Transferring money overseas can be a breeze. You just need to keep in mind the few simple things listed above so that you are prepared for whatever comes your way. Knowing what to expect beforehand will allow you to contrive a list of questions to take to the bank in case there is anything that needs to be cleared. Which brings us to one last point: don’t be afraid to ask questions. The more you know the easier it will be. That is the best bit of advice that can be heeded.

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Do you need money today? Then Apply now for a fast money loan up to 00 with no credit checks and no faxing through a paydayloan lender. You can get fast money loans in 1 hour and the whole process takes under 5 minutes. If you need money today then you can have an answer on your application in your email box within 30 minutes.

Websites like emergencymoneysolutions.com work with a network of over 100 payday loan lenders that are waiting to service your money emergency needs immediately.

It doesn’t matter if you have good credit or bad credit. The payday advance can be paid directly into your bank account within an hour or overnight if you can wait til tomorrow.

Repayment of your emergency money loan is just as easy with a direct debit arranged so that the money comes straight out of your account on the due date without you having to waste any of your own time at the bank making out a check to repay your advance.

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There are four basic requirements that you will need to satisfy the payday loan lender to have your loan application approved.

You must be currently employed or be receiving a regular income.
You must have a monthly income of 00.
You must be a US citizen.
You must have a working checking or saving account with direct deposit features.

The majority of people that need money today will apply for a loan for between 0 and 0, which is just enough to give them the cash they need until their next paycheck.

Don’t ever borrow more than you need. A needs to be repaid on your next paycheck and you’re going to be left short again if you take more than you need the first time.

Apply now at a safe and secure website. Click Here if you .

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A loan can be defined as a debt created when one party borrows an asset from another and promises to return the same with some amount of interest within a stipulated period of time. Loans are usually cash or money based. Here the person/party receives or borrows the money and is hence called the borrower, the money borrowed is called the principle and the person from whom the money is borrowed is called the lender.

Cash loans are that involve the exchange of cash either through account transfers or direct lending. Here the criteria to be fulfilled in order to be able to avail a cash loan are basic – eighteen and above in age, active bank account and resident of the country. No extra documents are needed as this is the simplest form of a loan. Here repayment is predetermined and is usually in a day or within thirty days. These loans are targeted at the lower class of people who may not have any savings.

are loans that are offered to various types of business enterprises to assist them with their short term fund requirements. It is a short term source of cash for a business which maybe used to meet the payroll, buy new machinery etc. The creditworthiness of the borrowing entity is usually pre-checked before granting such a loan. The advantage of such a loan is that banks offer very competitive rates of interest due to its popularity and high demand.

are loans that used to pay off other pending loans. They are useful as they are available at a low interest rate and a person has to worry about paying off just one loan instead of various loans separately. These loans are usually secured in nature and hence some collateral such as house or any sort of property comes into the picture which helps bring down the rate of interest. These loans are usually used to pay off credit card debts which carry a very high rate of interest.

Construction loans are loans that are used to finance construction projects and infrastructure creation projects. The defining feature of such a loan is the fact that the borrower needs to only pay the interest on the loan before and during the construction process and he has to start paying the principle amount only once the construction is complete and the project has taken off. If the construction fails or stops, as per the agreed terms there maybe a certain amount of reimbursement.

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Article by Dealfor Loans

A personal loan talks about your urgent need to get money, but did you know that there might be better alternatives of getting funds at far cheaper rates, and perhaps on better terms. Let’s discuss what these are:

1. Borrow from family, relatives or friends: When you find yourself in a financial crunch, the first option you should consider is to borrow money from someone in the family. Often, this might be the safest option since these types of lenders might be willing to give you a loan on more generous terms than a bank. Additionally, if you can pay the loan sooner than what you had promised, you’re your family or friends will not charge you a penalty fee to foreclose the loan.

When borrowing from your near and dear ones, you must keep the following things in mind:

<em>If the loan amount is high, you should ideally have a written transaction to avoid any complication later, especially if you are borrowing from friends.</em>

<em>Have other witnesses present at the time of borrowing the money.</em>

<em>Make sure you repay from time to time to signal that you are taking your obligations seriously.</em>

2. Loan against property (LAP): If you own a house you can use it as collateral to get a loan. The sole benefit of taking a LAP against a personal loan is that it is available at lower interest rates, in the range of 12% to 14% compared to up to 24% for a personal loan.

3. Loan against investments: In case you are in need of urgent funds, another safe option is to cash out your investments in shares, gold or mutual funds. If you are not comfortable liquidating your investments in case you are holding them for long-term or are concerned about the tax liability on exiting these investments, then you can consider raising a loan against these instruments. Some potential options are:

a) Loan against public provident fund (PPF): You can avail of a loan against your PPF investment from the third to the sixth year. Loan is available up to a maximum of 25% of the balance in your account at the end of the second preceding financial year. If you repay the loan in 36 months, interest will be charged at 12%. Otherwise, interest will be charged on the outstanding sum at 6% per month. A second loan can be obtained before the end of the sixth financial year if the first one is fully repaid.

b) Overdraft against fixed deposits: This is another safe option when you are in need of urgent cash. You can use the fixed deposits by taking an overdraft against it rather than breaking it. You can get up to 80% to 85% of the deposit amount and the interest rate is typically 1% to 2% higher than the deposit rate. The repayment needs to be made within the time period for which you have the fixed deposit.

c) Loan against securities: You can use your investment in shares or mutual funds as security to immediately receive a loan or an overdraft facility to meet your financial needs. This way you will not have to sell your shares or redeem funds in case you have invested for a long-term. The tenure for such loans varies from lender to lender. Typically, the overdraft limit is around 50% of the value of the securities used as collateral. The rate of interest on such loans ranges from 13% to 16%. There are no foreclosure charges on such loans.

d) Loan from employer: Under some conditions, employers might also agree to offer a loan to you and adjust the repayments with your salary. Another option that you may have is to request for advance salary from your employer so that you can address the financial requirement. Check with your employer if this facility might be available to you.

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