Category: Finance

As an experienced driving instructor you must be well aware that a standard vehicle insurance policy does not meet all of your professional needs. What about the risks that you may face? Is your vigorous enough to cover your business and yourself against all these risks? Let us take a second look at your insurance policy in order to understand if it will protect you against all risks.

Damage to your fleet/vehicle

An accident that causes a major damage to your vehicle is a major distress situation for anyone who drives a car, as this can be cause a huge obstacle. Having your vehicle off the road for a short duration not only affects your business, but also your financial situation. Hence, it is important to pick a policy that covers the full value of the car, or at least the repair costs.

Damage to another vehicle/ injury to the occupants of the vehicle

Even though you are an experienced and qualified driving instructor, it does not put you at less risk when it comes to damage caused to another vehicle or injury caused to the occupants of the vehicle by the individual who is driving your car to gain his/her driver’s license. A learner can put many things at risk – you, your vehicle, himself/herself, and other users on the road. Thus, it is important to make sure your driving school insurance policy covers this important point in order to safeguard your business.

Personal Injury

If you are injured during your working hours or when you are not working (outside work), it can not only be expensive, but way too stressful as you will be out of work until recovery. Thus, it is important that you check if your driving school insurance will support you financially during this personal injury period.

Always take time to carefully read all the information mentioned in the insurance policy form before signing the same.

Commonly individuals lack funds, specifically when they have a crucial occasion of life turning up for which they require cash. Be it a child’s college charge, their marital relationship, or a lot of unanticipated– an abrupt mishap or disease. At such times, individuals count on banks for loans. To obtain a loan, you have to have possessions to proclaim such as a property. What if you do not have an important possession to home loan, will you be rejected of acquiring a loan? Obviously not!

This article shares the benefits and demerits of getting loan against property and personal loan, for you making a notified choice.

What Is Pl And Lap?

To obtain this Loan against Property, you mortgage your house as security with the bank to acquire the preferred loan quantity.

Relying on the paperwork’s and your previous loan payment record and credit report, you will be approved a loan. The maximum approved loan quantity on mortgaging your house hovers in between 40 % and 60 % based upon the value of your house. You can choose from repaired or drifting interest rate. Check out for more details about loans.

Borrowing a Personal Loan (PL), on the other hand, is simple and fast and takes very little time to procedure. You can obtain the wanted funds however at a greater and taken care of rate of interest and with a much shorter payment period. Because PL does not need security, individuals typically choose it.

Loan Disbursal

A Personal Loan is an unsecured loan, since it can be acquired without security. It is processed within a couple of days.

Processing Charge

For Loan against Property the processing cost is charged in between 0.5 % and 1.5 % of the loan quantity, while for Personal Loan, the charge varies from 1.5 % to 2.5 %.

Rate Of Interest

While the personal loan appears a really simple choice, the rate of interest imposed on borrowing this loan varies in between 16 % and 21 %. On the other hand, the rate of interest imposed on a loan against property varieties in between 12 % and 14 %.

The quick loan is a process by which one can get a loan in a very quick and easy way. In this process, you can borrow your needed amount from any local or online lenders. The interest amount is also very reasonable in this type of loan. But when you are taking the decision to avail a quick loan you should always do a proper research work over the companies who are giving you these type of loans. Never believe anyone blindly whether it is any online company or any individual person.

based companies are generally not fraud because they are running a business, and they have to follow some rules and regulations.

Why Quick loan process is safe?

In the time of crisis if you can borrow money from your relatives that is the safest procedure but sometimes it is not that much suitable for all. So, you must have to collect some information about some quick loan providers. The interest rates of these quick loan based companies are high because the loan term is brief. To avail a Vippihuone based loan, a customer has to complete some minimum fundamental paperwork. And the age of that person should be minimum 18 to avail this loan facility.

General criteria for availing quick loan:

When you are requesting for a quick loan you must have a lender account, in that account only your money will be debited. And you have to show your employment details and also your income details. After fulfilment of these criteria, only you can get an instant loan easily. You can complete all formalities before your crisis time and can easily avail loan afterwards.

Such types of Vippihuone financial loans are really very much helpful and time-saving. The terms of paying these loans are really very much flexible enough. But the increasing rates of unemployment make the business down of these quick loan providers.