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We all know how important loans are in today’s financial and economic sphere. When you take a loan , you are actually signing a contract where you agree to make a certain number of payments for a pre-decided amount of money that is to be paid by a pre-specified date every month. Credit score can be defined as belief or trust in your repaying capacity. Repaying capacity as in whether or not lenders believe you will be able to repay the debts. It thus means how well and how much on time do you pay your loans and other financial obligations.

What is a Credit score?

Credit score is a 3 digit numeric account that summarizes the entire credit behavior of a person. It has a variable range from 300 to 900 for a person. It is entirely dependent on credit history that is how fast and how efficiently have you repaid your loans. A good credit score means a greater reposement of faith in repayment abilities. It tends to be acquired from CIBIL on payment of nominal commission. It will basically be an assimilation of credit card bills, loan information and other finance related details.

Few factors while scoring your creditworthiness are:

  •  Payment history
  • Number of credit accounts
  • Credit mix
  • Credit utilization ways and rate
  • Negative financial information like bankruptcy
How Your Credit score impacts your loan?

The relationship between credit score and loan is very delicate. They affect each other and both impact the other equally.

  • A good credit score will make lenders put faith in your application and this makes getting loans simpler.
  • An appreciable credit history is thus very important for getting a loan sanctioned easily.
  • A not so appreciable credit score may however partially thwart your chances of getting a loan sanctioned.
  • One with a lower credit score may stand less chance of getting a loan sanctioned vice versa one with a good credit score.

Like this, there is equal effect on loans on credit score

  • Timely loans raise credit scores
  • High loan balances harm credit score
  • Number of loan applications impacts your score

So a favorable credit scores  is preferred under multiple categories to avail loans. Providers and lenders often consider a credit score as one of the primary components for giving a loan. Maintaining a good credit scores that displays your creditworthiness is thus almost pivotal to get a loan- be it a home loan or any other.

How can you improve your credit score to get a loan?

It is always important to improve credit scores and raise the creditworthiness in the market. Here are few ways one can do so

  • Paying all bills and EMI’s well on time
  • Full payment when necessary
  • Keep a check on credit limits
  • Keep a limit on number of times for a loan enquiry
  • Track credit history and take timely updates
  • Maintain a fair balance between loans-secured and unsecured
  • Continuous monitoring of finances to remove errors

TachyLoans is an innovative, fintech company that provides easy loans in a transparent manner. The digital platform gives need based collateral free loans to users and students. It has multiple loan options for education, online training, salaried loans and skill development. They have their own internal credit evaluation model which can be considered while providing you a loan. TachyLoans can ask for supporting documents in order to be able to assess creditworthiness.

  • Educational qualifications
  • Salary slips
  • Any additional information as per requirement

The post Credit score and its impact on getting Loan appeared first on Tachyloans | Blog.

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Collateral Free education loan

Collateral Free Education Loan

Education in India has increasingly evolved to become costly. It has risen much beyond what students can afford. Also, its importance as a prime motivator of life cannot be refuted. To study at any level, when the fees cannot be afforded, educational loans are the only recourse. Educational loans have become available for higher education, school education and online training. Many institutes even tie up with banks for providing meritorious students loans to study what they wish.

Educational loan is mainly of two types
  • Secured
  • Unsecured

It is important to understand what both these terms mean to be able to make an informed decision while availing a loan.

Educational Loans and Collateral- What is the connection?

An educational loan can be either secured or unsecured as discussed above. A secured loan is one that is granted with collateral securities and unsecured is one that is without any collateral. Collateral is a term given to immovable properties like land, flats and houses or any liquid asset like FD, shares etc that a financier can use from a borrower to secure the loan.
If the borrower stops repayment or loses his ability to pay, the bank will seize the attested, attached collateral and its value to recover its losses.

What if one does not have any asset for collateral?

There are many in this country who cannot pledge their assets for money. A lot of significance is attached to land and other assets. For them, collateral free unsecured loans are available. Government banks can be approached for availing loans up to 4 lakhs. There are 4 NBFC’s that provide collateral free loans beyond 7.5 lakhs.
There are certain points one needs to keep in mind before taking a loan from these NBFC’s however-
• High-interest rates (13%-14%)
• High processing fees usually depending on loan amounts
• Interest rate to be paid may usually come during the study period itself

What if a collateral free education loan is the only option?

The loan procedure for collateral free education loan is much easier than that of those with collateral. Sometimes, one needs a loan that is an ideal mix of-
• Collateral free
• Low rate of interest
• Easy application process
• Trusted
• Transparent.
This is where TachyLoans fits the bill like a hand in glove. TachyLoans offers loans that are best suited for all categories of students. They offer collateral free loans for school education, higher education, professional courses, online training and skill development and salaried loans.

Reasons to choose TachyLoans

• Instant loan approval
• Flexible EMI plans
• Collateral free loans
• Loans for many purposes
• Transparent online process
• Hassle free application process
• No prepayment charges
• Easy to access and convenient
• Cost efficient
• Maintenance of privacy
• Instant e-KYC process
• Smart, digital experience

Easy Three step process for Loan

1. Apply Online
2. Upload documents
3. Loan sanction

The post Here’s your guide to Collateral Free Education loan appeared first on Tachyloans | Blog.

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Loan for Data Analyst Course

In this highly competitive world where every minute counts, one needs to keep upgrading his/her skills. Gone are the days when a simple degree sufficed to get your dream job. Now, to get that role you want and wish for, you need to work, upgrade, and enhance your skill set to reach better goals. A talent up gradation is necessary, especially for data analysts. A data analyst is one who translates business data in a way to make better decisions in the business. A person who is a data analyst needs to be abreast of the latest market trends, innovations, new operations and ideas. A person who wants to get his dream job or go places should go for a data analyst course. Even the course fee is higher, there are some fintech lenders offer loan for data analyst course without asking any collateral security.

Why should one go for a Data Analyst course?
  • Up gradation of career prospects
  • Networking
  • Skill enhancement
  • Stability and confidence in attending to tasks

Though a Data Analyst course can improve prospects and build their profile as they want it to be. It comes with a catch, though. Most of these courses are costly. Some may prefer spending their savings on the professional courses and skill development courses which may not be the best idea financially. This is where TachyLoans offers loan for Data Analyst Course and helps you to pay your amount to get a role that matches your prowess.

What is TachyLoans?

TachyLoans is a fintech firm that provides loan options for everyone. The firm allows for loan options in school education, skill development, online training, professional courses like MBA and salaried loans. They provide these options that are primarily meant to achieve one’s career progression goals and reach the level of personal fulfilment they expect from themselves.

13 Reasons Why TachyLoans should be your #1 Choice
  • Instant loan approval
  • Easy application procedure and process
  • Instant e-KYC verification and acknowledgement
  • Easy validation procedures
  • Low-interest rates that are as low as 11.50% p.a.
  • Minimal documentation also one gets loans
  • Hassle free loans and quick processing
  • No collateral required for loans
  • Convenient digital experience
  • No sector specific loans
  • Easy repayment options depending on factors as per convenience
  • Direct transfer to your institute/centre
  • Reduces paper wastage and human error
What makes you eligible to avail loan for Data Analyst Course from TachyLoans?
  • Resident Indian
  • A valid bank account, PAN card
  • Educational qualifications as per requirement
  • Aadhaar/VoterID, Electricity Bill
  • Income proof- as the case may be
  • Any additional information as per requirement

TachyLoans will help you finance your career goals so with competence and a little smart work, you can get the best possible financial solution. Taking a loan for data analyst course to furnish your skills as a Data Analyst is a costly affair, but can be made simple through TachyLoans. So if climbing the ladder is your wish, you know the path you have to take.

The post Are you worried about Data Analyst Course Fee? Get Loan and upgrade your career now appeared first on Tachyloans | Blog.

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Can I take an Education Loan for MBA without collateral Security?

The answer is yes. You can take an education loan for MBA without collateral security.

Everyone looks for some form of upliftment. One can be a student aspiring for a better prospectus or a job holder looking for something more exciting, engaging and growth-oriented. A better degree or diploma could possibly give that edge to add a lot of value to the future prospects. An MBA as we know has multiple future opportunities and opens doors for umpteen opportunities. It comes with diverse streams and many branches that will further the process of a better tomorrow.

Education loan for MBA

Educational loans come into the picture since they are a great financial aid to anyone who wants to study abroad or either in India. Education loans will give the right support at the right time and are specifically designed for aspiring students or working professionals. Though an education loan works for all levels of study, the focus of this article is on MBA. It provides timely financial assistance required by prospective students.

What is the collateral?

Loans, traditionally, require collateral. A collateral is an immovable property mostly assets that are used to secure the loan that a financier offers to the borrower. If you stop repaying, the bank can effectively seize the collateral.

Is it compulsory to take one?

If the loan amount is below 4 Lakhs, one does not need a collateral. One can, however, reduce the hassle by opting for something more secure, smart, convenient and comfortable.

What are the benefits of taking collateral free loans?
  • One does not have to worry about losing assets
  • One does not accumulate stress due to repayment deadline
  • Benefit for those who don’t have any collateral
  • No track record requirement

TachyLoans offers simple, sustainable, completely digital solutions to all. It offers affordable, student-friendly interest rates that incidentally work for even working professionals. TachyLoans is a Fintech company that offers educational loans for various levels from school to Professional courses like an MBA. It is especially useful and beneficial for those who want to avoid the cumbersome struggle of going to the bank and availing timely loans. It allows for skill enhancement and swift, efficient loan process.

Why Choose TachyLoans?
  • Collateral free loans
  • Efficient service
  • Quick approval of loans
  • A holistic digital experience
  • An instant e-KYC verification process
  • Rapid processing of loans
  • Convenient loans
  • Prepayment and repayment options as per wish
  • Maintenance of privacy
  • Digital experience in a smart way

This extremely transparent, cost-efficient, seamless service fits well into the current lending scene. One gets loans at competitive interest rates and minimal documentation. In this simple manner, one can avail as per wish at interest rates like 11.5%. They have an easy monthly payback scheme as well. TachyLoans offers secure, confidential means to fulfil your dreams and aspirations. They offer flexible EMI plans and a great customer service whose response levels are unmatched. One gets the loan sanctioned quickly to fuel ambitions. Also, since it is completely online, it is accessible and a complete win-win platform.

What is the process to apply Education loan for MBA?
  • Apply Online
  • Upload documents
  • Loan sanction

If one has any queries, they can contact the customer service which is highly responsive and efficient.

What is the eligibility criterion for availing TachyLoans?
  • Resident Indian
  • Valid bank account, income proof, PAN, educational qualifications
  • Water bill/Aadhar/Voter ID/Passport/Electricity Bill/Landline Bill
  • Proof of income that is Bank Statement of the last 6 months, salary slip, ITR for working professionals.
  • Any other information as per requirement or discretion.

An MBA is definitely a positive step to succeed and have a better future in terms of professional growth. These quick collateral free Education loan for MBA are the solution for a lifetime learning. With TachyLoans your MBA and a bright future is just a click away.

The post Can I take an education loan for MBA without collateral security? appeared first on Tachyloans | Blog.

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School education Loans

Quality education is a priority and still a distant dream for many. It is highly essential to create a successful and secured future. The burgeoning school fees need no introduction, as well. This creates a paradox between need for education and the rising costs. Education is getting expensive by the day. Despite Right to Education, the high fees and rising costs have become a source of worry for parents. Some have reportedly taken debts to be able to fund their child’s education. Nowadays secondary school costs anywhere between 3 Lakhs to 7 Lakhs including all the extra facilities schools claim to provide. These 6 digit fees are only increasing the tension and making it difficult to plan a secure future. The fees are often so high that one has to resort to school education loans to send the kids to school.

What are School Education Loans?

We have heard of loans for professional courses or further study. School education loans are those loans that will help fund your school education. They seek to cement your basic knowledge and allow you to go to school when the primary or secondary education fees crosses a spendable threshold limit. This limit as we know is relative.

Why should one go for an educational loan over a personal one?

Many parents think a personal loan would serve the purpose better for even education. This is where a credit mistake is made. A personal loan comes at a higher rate of interest while an education loan is hassle free, convenient and specifically meant to serve the education purpose and cause. A personal loan, however, can be used for any purpose and this may divert the fund to something that occupies priority at that time.

What are the benefits of taking a school education loan?
  • Easily available
  • Varied loan amounts
  • Aids completion of education
  • Aids eventual value addition to the society

This is where TachyLoans comes into the picture. It provides easy, reliable, convenient loan amounts specifically to aid and support school education. They seek to allow children to reach their goals with an ease and vision like never before. It offers loans for all salaried people and self employed. One can get up to Rs. 5 lakh in a transparent, efficient manner. This is especially beneficial for those who want to avoid the struggle of going to a bank and availing a loan post producing a lot of information.

What is the USP of TachyLoans?

Provision of school education loans in a lucid manner bereft a cumbersome process. One gets hassle free loans and this is time and money saving.

What are the features of the School education loans offered by TachyLoans?
  • Instant Loan approval
  •  Easy procedure like e-KYC verification
  •  Secure and confidential
  •  Privacy is maintained
  •  Loans at competitive interest rates
  •  Collateral free loans
  •  Full repayment or part repayment options
  •  Hassle free amount access
  •  Easy digital experience through a smart portal
Some interesting features of the School Education Loans are-
  • Amounts from 20K to 5L
  • Interest rates start from 11.5%
  • Easy monthly payback
  • Salaried as well as business people can apply
What is the eligibility criterion?
  • Resident Indian
  • A valid bank account, income proof or PAN
  • BSNL Landline bill/voter ID/Aadhaar
  • Additional information as per request

With TachyLoans, you can lay the building blocks of your child’s precious future. This will help manage the costs and expenses without compromising on resources or expectations. A loan will also inculcate financial discipline and prove to be a simple, smart and efficient way to allow your child study in the school of his/her choice.

The post Increase in School Fee should no longer bother you | Loans for School Education appeared first on Tachyloans | Blog.

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Skill India Program

India is a relatively young country with a demographic dividend that can increase our GDP if utilized well. It is important to be able to harness our potential to make the most of it. Most of India’s workforce is predominantly unskilled. The sheer numbers are frightening as 97.7 % of India’s workforce is unskilled. Converting this unskilled labour into the skilled workforce is what the government is aiming at. Since most of this unskilled labour force generates minimal economic value, there is stagnation of growth or no growth at all. This can be altered by skilling our booming young population to experience growth rates. This factor has received recognition and translated to Government schemes specific for skill development updradation or career progression loans. Schemes like Pradhan Mantri Kaushal Vikas Yojana(PMKVY), Skill India, UDAAN and Roshni are meant for empowering and upskilling people.

What is Skill India scheme?

The skill India campaign was launched to train more than 40 crore Indian citizens in various skills by 2022. It is an umbrella scheme for various programmes like Skill India loan scheme, rural India scheme, National skill development mission and National policy for skill development and entrepreneurship. It caters to skill India in a lot of institutes like ITIs, polytechnics and recognized boards or universities. It aims to tap under-served sectors like footwear design which has to potential to absorb a significant amount of workforce.
Skill India aims to skill on a large scale with high standards and accuracy to achieve a skilled demographic workforce.

Skill development loans will help boost the program in the following ways-
  • Will provide requisite finances for skilling or up-skilling
  • Nominal Interest rates so one can avail easily
  • Encourage skilling and allow for personal growth
  • Inculcate financial discipline
  • Eventual growth in GDP

TachyLoans provides interesting loan options for all. They allow one to take loans and enrol for skill development courses to achieve their desired level. This will encourage learning and fulfilment of dreams. One can avail a loan under skill India scheme to further the vision both in professional terms and larger progression goals. They provide loans for vocational education to harp on the numbers we have due to the population.

What is the USP of TachyLoans?

This financial services company provides instant easy loans which can help us fulfil our needs without going through a cumbersome process. This saves time, energy and is even quicker.

What are the features of the skill development loan?
  • Instant Loan Approval
  • Easy Application process
  • Instant e-KYC verification
  • Loans available for technical and non-technical courses
  • There are no stream bar or sector-specific loans
  • The interest rates are competitive and start as low as 11.50 %
  • Hassle free access as the amount is disbursed quickly
  • Swift, smart convenient loans and this makes for an easy digital experience
  • Collateral free loans so that is beneficial for all sections of people
  • One can repay the loan as per convenience. This, however, depends on loan conditions and amount as well.
What is the Eligibility Criteria?
  • Resident Indian
  • A valid bank account and income proof
  • PAN, Aadhaar or any valid ID
  • Other Information as per requirement

With TachyLoans, you can finance your career development and in a simpler way and get the best possible finance recourse you can take. A career loan can help you up skill yourself to grab better opportunities and eventual career progression. This Skill loans system by TachyLoans is a simple, secure and smart way to achieve your skill goals and do your bit for two primary missions of the Government-Skill India and Digital India.

The post How Skill Development Loan can give a boost to Skill India program? appeared first on Tachyloans | Blog.

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Skill Development in India

One of the major factors that determine the economic growth of a country is its workforce. With India already in a transition stage to become a well-diversified knowledge-based economy there is a huge emphasis on creating a large pool of skilled workforce and with this arises a dire need for Skill Development. Aligned to its objective, Government of India has launched several Skill Development initiatives with Pradhan Mantri Kaushal Vikas Yojana (PMKVY) launched in 2015 is one of them. PMKVY is a major stepping stone to up-skill the Indian youth for effective use of their ability and knowledge to drive innovation and growth in the economy.

India – The Youngest Nation

According to India Skills Report 2018, 65% of India’s human resource pool is below the age of 35 years with an estimated 12 million individuals expected to join the workforce y-on-y basis for the next two decades. The report also suggests that more than 54% of the country population is below 25 years of age and over 62% of the total population falls in the working age bracket of 15-59 years.

Though India enjoys the demographic advantage of having the youngest workforce compared to the advanced economies, formal lack of employability skills continues to remain a major challenge. India Hiring Intent Survey of over 1000 corporates from 15 different sectors revealed that almost 50% of the applicants appearing for various job interviews either do not have required the skill sets or very few possess the required skills only to meet the basic needs of employers.

Emergence of Private Players

In the above context, government of India has made several alliances with private players and NGOs to fill the huge underlying employability gap. However, with the introduction of private players, there comes another challenge in terms of affordability as the cost of training from a well-recognized professional institute remains high.

Students aspiring for professional courses or programmes often find it difficult to meet the fee demand of these institutes as they have already spent most of their savings on exorbitant tuition fees for their graduation, and may well be running out of any financial support to pursue professional courses that would enable them to get a job.

Funding – The Defining Element

Any discussion on skill development is incomplete without a reference to the problems of funding. With the increase in competition, rising demand for skilled workforce and growing cost of education, aspirants look for alternatives that could help them achieve their objectives and enable them pay the tuition fee in an easy and convenient manner.

To cater to the financial need of such aspiring individuals, www.tachyloans.com is a digital platform which acts as one-stop solution for sourcing quick and hassle-free loans for skill development in a simpler, swifter and smarter way. TachyLoans gives you an opportunity to enhance your skills by enrolling for skill development training courses with swift and collateral-free loans thereby assisting you pursue a career of your choice.

The post Skill Development in India & Role of Education Loan appeared first on Tachyloans | Blog.

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Technology has been taking over our daily lives and something as minute as booking a cab or finding directions is now being done efficiently with the help of technology. When the financial employed technology to simplify their operations as compared to the traditional financial methods. The best example of financial technology would be the use of smartphones and internet for services like banking and investments. Financial technology, more popularly known as FinTech has both startups and established players.

The biggest advantage of FinTech is its reach. Despite hundreds of banks and traditional financial methods, more than 50 percent of Indians who need money don’t have access to funding because of several reasons such as no borrowing history, low CIBIL Score, unavailability of collateral, etc. But there is huge data availability and these FinTech players are cashing in on the data using technology to give small credit. FinTech firms are trying to modify the small money lending market by involving technology and making the processes simpler and more transparent.

These FinTech firms are using unconventional sources of data like social media footprints in addition to the traditional sources of data to quantify the creditworthiness of loan applicants. These platforms are giving instant access to credit to loan seekers and provide them with a transparent loan processing wherein they can track their application on a daily basis. For people who have no collateral to take a loan against, these platforms are a boon as they don’t require you to pledge anything. These platforms provide financing opportunities to both individuals as well as small and medium enterprises. The way these FinTech startups and platforms are progressing, they will soon be leading the way to India’s financial inclusion. The biggest factors for the success of FinTech will be accessibility, usability, and affordability that these platforms offer.

One such FinTech platform is TachyLoans, a digital lending marketplace that allows borrowers and lenders to connect with each other. TachyLoans has introduced various products that are making the lives of loan seekers easier. One such product is Corporate HR Loans. With Corporate HR loans, employees can avail loans starting from Rs 50,000 to Rs 5,00,000 with an interest rate of 11.5% to 25%. Through this TachyLoans aims to make a win-win situation wherein the employee gets easy access to credit and the employer establishes a friendly and significant relationship with its employers. TachyLoans also provides loans for education of any kind. Whether you need money for school fees, university education, a small online course, or a skill development course – you can get easy loans from TachyLoans’ digital lending platform.

Technology is playing a big role in making credit accessible to all and TachyLoans is banking on technology to make the individuals and businesses financially free. To apply for a loan visit, www.tachyloans.com

The post FinTech: The Marriage of Finance and Technology appeared first on Tachyloans | Blog.

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The Advent of the Indian Financial Digital Era

The eve of 8th November 2016 witnessed a historical incident – Demonetization. Prime Minister, Narendra Modi announced the annulment of Rs. 500 and Rs. 1000 notes to curb the flow of black money in the country. The announcement took the nation by surprise and created a turmoil in the stock market. With demonetization, the bond interest rates and the real estate market saw major fluctuations. It has been over a year since demonetization and there have been both positive and negative reviews about it. while a lot of business and asset classes may have been impacted in the short-term or medium-term, what still stands strong is the digital payment companies.

The year that went by saw an exponential growth in digital payments. From UPI, PPI, AEPS, NEFT AND RTGS to Digital Lending, post demonetization, there has been a paradigm shift in the whole financial scenario. As far as the investments are concerned, the experts believe that as a result of demonetization, the stock markets will remain disturbed for at least 6 months to a year. All fixed return investment options are likely to give fewer returns in future, the prices of gold and real estate are falling, and the stock market is going topsy-turvy, there is one investment option that remains unaffected – Digital Lending platforms. In the times of financial chaos, investing in digital lending guarantees best returns on investments.

Digital lending platforms are an online place for lenders and borrowers. They can negotiate and deal in a way that is transparent and hassle-free. There are no market risks involved, and the investors can earn returns up to 25%. The lenders can choose from a list of creditworthy borrowers, which makes digital lending a safer investment option.

Digital lending platforms are a step towards digitizing the nation. With initiatives like ‘Digital India’, ‘Make in India’, and ‘Digital Payments’, there is a wide scope in the digital world. Digitization is going to make the services faster, cheaper, and more accessible to both people as well as businesses. These new-age digital lending organizations will bring world-class technology and streamlined operations and processes to the business, which will be powered by cross-channel data support and analytics. Most importantly, customer experience, as a whole, will be made less-cumbersome and more pleasant when it comes to availing a small and quick personal loans.

Digital lending is transforming the way FinTech markets have been operating till now. This new kid on the block is definitely here to stay and will take the market by storm. To avail quick and instant loans or to invest in digital lending, visit www.tachyloans.com

The post Demonetization, Digital-India, & Digital Lending appeared first on Tachyloans | Blog.

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“though no one can go back and make a brand-new start, anyone can start from now and make a brand-new ending”
– Carl Bard

As the year is coming to an end, there couldn’t be a better time to look back on everything that summed up your 2017, whether good, bad, or ugly. It is time to make those changes in your life that you have been wanting for the whole year, and plan the new year better. Something that shouldn’t be neglected is your finances and financial habits throughout the year. With all your other New Year resolutions, there are some financial choices and habits too that you must adopt to have sound financial stability.

Why should you have financial resolutions, you ask? Well, just like having a travel plan or a health plan, a financial plan will help you streamline your finances and manage your money better. With a financial plan in place, you can have a better financial understanding and increased cash flow by continuously monitoring your spending patterns and expenses. If you think developing a financial plan is rocket-science, you can make it look like a breeze with these 5 financial resolutions.

● Have a goal

Having a clear and incisive financial goal in mind is important. It not only gives you a clearer picture but also helps in charting down an effective financial plan. A financial goal needs to have numbers that can act as your goal milestones. Saying that you need to save money this year isn’t enough, rather, saying that you need to save at least Rs 50,000 by the end of this year is more like a financial goal.

● Clear your debts

It is always a good idea to clear off your debts on the day you receive your paychecks. Prioritise your debts in terms of interest rates. The debts with a higher interest rate should be cleared off sooner than the others. Investing money is of no use when you are still paying interests on debts.

● Make discipline a habit

Being financially disciplined can take you places. Know when and where to spend and spend judiciously. If you are investing your money, make it a regular habit and religiously put money in your investments to get the best returns.

● Contingency fund

Believe it or not, but having savings can take you a long way. Emergencies won’t knock on your door before coming, so you should always be prepared. Make sure that you have at least 6 months’ expenses in your contingency fund that can be used whenever you require urgent money.

● Improve your credit score

A credit score is the ultimate decider of your creditworthiness; hence, you should always aim for a better credit score. Keep a track of your credit score and take professional help if needed. The best way to do that is to have a credit card account that is in good standing.

With these resolutions, you will certainly be in a better financial situation. And for all the times when you need to get your hands on some urgent cash, TachyLoans has your back. Avail Instant Loans Online from www.tachyloans.com for every small and big requirement.

Have a happy and financially sound new year!

The post New Year Resolutions for a Financially Healthy Year appeared first on Tachyloans | Blog.

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