Kissht - How To Plan Out Your Business Loan Repayments
Kissht provides an efficient and trustworthy way to apply personal loan or business loan with ease. With instant personal loan options, quick approvals, and competitive rates, Kissht ensures your business never faces a financial roadblock.
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Presentation Transcript
UNDERSTAND YOUR LOAN TERMS AND REPAYMENT OBLIGATIONS Before you even start repaying, it s crucial to understand the complete terms and conditions of your loan. Here are key aspects to review: 1.Loan Amount How much you ve borrowed and the principal balance remaining. 2.Interest Rate Whether it is a fixed or floating rate and how it impacts your EMI (Equated Monthly Installment). 3.Loan Tenure The repayment period and whether you can make early payments.
CHOOSE A REPAYMENT STRUCTURE THAT MATCHES YOUR BUSINESS CASH FLOW Not all businesses have steady monthly income. Depending on your revenue cycle, choose a repayment structure that suits your cash flow: Fixed EMI Plan Ideal for businesses with consistent income streams, where EMIs remain the same throughout the loan tenure. Step-Up EMI Plan If your revenue is expected to increase over time, this plan starts with lower EMIs that gradually rise. Bullet Repayment Plan Suitable for businesses with seasonal income. You make small EMI payments with a bulk payment at the end of the term.
MONITOR YOUR CREDIT SCORE REGULARLY Your credit score plays a crucial role in securing future loans with better terms. Late payments on your online instant loans can significantly lower your credit score. Pay all EMIs on time Avoid multiple loans simultaneously Use financial tracking tools or loan apps to manage debt efficiently
CONCLUSION A business loan c a n b e a g a m e - c ha n g e r for your c o m p a n y , helping you e x p a n d , m a n a g e c a s h flow, or handle u n f o r e s e e n e x p e n s e s . Kissht provides an efficient a n d trustworthy w a y t o apply p ersonal loan or business loan with e a s e . With instantp ersonal loan options, quick approvals, a n d c o m p e t i t i v e rates, Kissht e n s u r e s your business n e v e r f a c e s a financial roadblock.
