Introduction Setting up a business, be it micro scale, small scale, medium scale or large scale, requires a fair amount of investment. Without any strong financial background, most of the money is arranged either through sponsors or through business loans. For business loans, people / organizations turn towards banks / moneylenders. Moneylenders charge a pretty high-interest rate on the lent amount. Banks too have high-interest rates in certain cases. Even if the interest rates are nominal, it requires a lot of formalities and paperwork, which at times proves overwhelming and cumbersome. Peopl ..read more

Introduction to quick loans Loans are in existence since the time trading has started among people. They’ve in both barter system as well as in monetary system. Quick loans are needed today to meet people’s / organizational demands. Traditional loans Loan acquisition has become a cumbersome process over the time, involving a lot of paperwork. Also getting the loan amount took a significant amount of time. The process is prone to malicious editing. Today loans are also transforming into e-loans as technology is advancing and e-currency is spreading its roots in the market. People can lend money ..read more

Introduction to easy money Nowadays, people are looking for money with ease or easy money i.e. money that they can get anywhere, anytime and in any form, when in need. The transition from cash to plastic money (credit card, debit card) marked the earlier phase of the cashless transaction, which relieved people from the burden of carrying cash everywhere. The plastic money thus emphasized the concept of handy, easy money. Now from plastic money, we are moving towards an era of e-currency. The concept of bitcoins is established and is now implemented in many countries. Similarly ..read more

Keeping track of loans and managing the payments/ repayments was never an easy task. And it’s  a blunder for those whose livelihood completely rely on the interest earned. Earlier such transactions were recorded in books. The issue with bookkeeping is that you get limited by hardware. Everything depends on that one book, so you need to take very good care of it. Keep the books safe, protect it from wear and tear, and other harms. And if you go for electronic methods of storing data, you’ll have to arrange the data properly and maintain the document to track loans. We introduce e ..read more

Many of us believe that we should not lend money to friends and family. As advised by Shakespear through Hamlet “Neither a borrower nor a lender be”. Why so? Why shouldn’t we lend money to friends and family? This is answered in the second part of the quote “For loan oft loses both itself and friend.” meaning a loan to a friend or family member often leads to loss of both money and the relationship with the other person. And these loans could produce accidental results. Consider most of these problems and ways to overcome those if you still want to go for lending to family and friends. Mo ..read more

Everybody wants to earn more money! It may be through freelancing or through part-time jobs, getting few bucks more is always very pleasing. But because of huge competition,  it is not easy to earn extra through the normal means and not everyone has time to do extra work on the side. In such case, you should turn to the one thing most of us spend our majority of resources on: internet. There are loads of ways to make money online: from reselling the no longer needed products to applying coupons and getting cashback when shopping. Sell the unwanted stuff on online resel ..read more

The 70th Independence day is upon us! We have moved a lot ahead of what we were since the colonial rule. The economic picture has also changed, and it has become easier to get loans in India today. One aspect of independence is being able to choose what to do with our money. Today we’ll see what makes India an economic powerhouse and how credit is an asset in a huge growing economy like ours. Loans in India: Before, in 1947, and now As mentioned in other blogs on this site, easy loans are a big factor that shapes the economy of a country. For any small, medium, or a large business, the owners ..read more

A cheap loan is the lending of money from an individual or a group of peers to an entity on a fixed interest rate. In cheap loans, you may get a secured or unsecured loan but what is guaranteed is affordable interest rates. Why shouldn’t you choose a credit card? First, Loans were never that cheap and easy as they are now. Credit card companies may offer you easy and cheap loans but be careful before picking one as even the best deals have more tricks than Dynamo’s sleeve. Card companies usually don’t show the exact amount what their customers has to pay at the end, it is like playing blind.&n ..read more

Inception Send a friend request… People you may know… Send a message… Feeling blessed today… Profile picture updated… Post an update… @tag #tag. Most people must have come across the aforementioned phrases in their life, via Social Networking. There are various platforms for sharing our lives socially. But do we have a place where we could talk about important things, like money? Everyone prefers to socialize online and what if they could gain some benefit from this Socializing. We present before you the answer to this question : Exilend for Social Lending. Exilend is a social lending and borr ..read more

Today, if you look at financial systems around the globe, more than half the population of the world do not qualify to take out a loan from a bank. This is a shame, but here we come up with something really great new idea “Exilend”. Where you can get affordable and a flexible loan from your friends or relatives. In the case of emergency a bank does not give you a loan when you actually want but at the Exilend you can get fast loan whenever you want. Better for short term loans Exilend offers one of the best ways to get short term loans in just a minute. It links the lenders and borrowers direc ..read more