Monthly Archives: August 2019

Small business loan approval rates vary widely by industry

In a review of 30,000 small business loan applications sorted by industry over the past year, Biz2Credit surprisingly found that food service and accommodation businesses had the highest loan approval rates highest (51%) in 2018 compared to retail, healthcare, and professional and personal services. According to the study, food and lodging businesses, including hotels, caterers […]

SBI NRI auto loan 2019: Loan amount, margin, interest rate, repayment, required documents

SBI requires certain final documents from both the NRI applicant and the resident Indian guarantor. | Photo credit: Representative image Highlights SBI informs all NRI applicants that the loan must be repaid within a maximum period of seven years from the date of purchase of the box. Under the NRI auto loan program, SBI charges […]

SBI superbike loan 2019: Minimum loan amount, income criteria, eligibility, repayment period

SBI has set certain eligibility conditions for people wishing to take out a loan for the purchase of a superbike. | Photo credit: Representative image Highlights SBI requires a margin of 15 percent of the ex-showroom price of the vehicle (superbike) and has the ability to finance up to 90 percent of the cost of […]

Five Factors That Affect Your Personal Loan Approval

Applying for a personal loan is generally quick and easy, as it is an unsecured financing solution. You can apply online in minutes. However, lenders grant the loan based on certain criteria to ensure that you do not miss repayment. Generally, a good rule to follow is to meet the lender’s eligibility criteria. While this […]