What is difference between Demand Loan and Term Loan ?
Before we going through difference between Demand Loan and Term Loan, Lets try to understand LOAN. Loan in simple words is borrowing a sum...
What is Prime Security and Collateral Security in Bank Loan ?
What is Prime Security and Collateral Security in Bank Loan : Any Individual seeking loan from bank or any financial institution has to put...
What is difference between short term loan and long term loan ?
Short Term Loan vs Long Term Loan – The key difference between short term loan and long term loan is with respect to loan...
What is the difference between Cash Credit and Overdraft ?
Cash Credit vs Overdraft - Key Differences : Both Cash Credit and Overdraft (OD) are flexible types of Lending. Business units need finance to...
What is Kisan Credit Card – Eligibility, Features, Objective, Benefits
Kisan Credit Card (KCC) is a credit programme launched in 1998 by Reserve Bank of India and National Bank for Agriculture and Rural Development...
What is Legal Entity Identifier (LEI) number – Structure and Purpose
What is LEI number – Structure and Purpose : LEI (Legal Entity Identifier) – a 20 character unique code or identifier defined by ISO...
RBI Circular : Relief for MSME Borrowers registered under GST
Relief for MSME Borrowers registered under Goods and Services Tax (GST) : Presently, banks and NBFCs in India generally classify a loan account as...
What is a CIBIL Credit Score – Benefits of a High Credit Score
CIBIL Credit Score - Benefits of a high credit score : Credit Information Bureau (India) Ltd, commonly known as CIBIL, is India’s first Credit...