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Private car loans- Drive your dream car home today!

Over the years, cars have progressively become a necessity. With the help of Banks and other finance companies getting a private car loan has become easier than ever!

A car loan is a type of personal loan where the lender pays for your vehicle and you have to repay them through monthly installments with an interest amount added with it. A car loan is basically an unsecured loan where a lender will get the ownership of the vehicle if you fail to pay off the debt.

You can now get private car loans for used cars also.

Now before you buy a car you need to determine what you can afford. Because there are two choices when you’re getting a car loan. You can either go for a brand-new car or purchase a used car in case you have a tight budget and don’t want to make it unaffordable.

Enjoy quick disbursal of funds, special rates of interest and lot more with car loan service. Get your dream car at the perfect rate with their unique step-up EMI and Balloon EMI schemes.

Benefits and Features of private car loans-

With the increasing importance of vehicles in our daily lives, getting a car loan has also become very much easier whether you’re a salaried or self-employed person. Typically, the amount of a car loan extends up to 2.5 to 3 times the annual salary for salaried individuals and 6 times the annual income for self-employed professionals.

Some of the features and benefits when getting a private car loan is mentioned below here.

1.       Up to 100% on-road finance: As many of the lenders provide up to 100% finance on-road price, you don’t have to wait any longer to buy the car of your dreams.

2.       Flexible tenure option: Banks offer car loan for a tenure of up to 7 years and you have the total flexibility to choose between the options.

3.       Loan for purchasing used cars: Although interest rates and loan to value ratio is lower than new cars, many banks offer private car loans for used cars also.

4.       Negotiable interest rates.

5.       No collateral is required.

6.       Quick processing.

7.       Faster and easier documentation.

8.       Flexible loan repayment mode.

9.       Minimal service charges and fees.

Still wondering how to choose the right organization and find the best rate in the market? You’ve waited enough already!

Visit Lets Profit today. It’s an online DSA which can help you by providing the best knowledge and advice from the most talented and well-trained professionals in the market. Give them a call and have a rich experience when borrowing a private car loan.

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Polish these skills to achieve mastery in “the art of selling”

Ever faced a situation when a client was interested in your product but your inability to selling things cost you the deal? And then back in the home, you couldn’t find the point where everything had gone wrong and what more you should have done to make the client purchase the product?

If so, then don’t think too much. Every salesperson including master-sellers goes through this kind of situation in one point of life or another. Remember that, not every meeting with a random customer will outcome in a sale. But with some skills, you can actually convince them to approach you later or refer your products to their friends and relatives.

In the way of becoming a successful entrepreneur, selling is the most basic and elemental skill to acquire. Though there are many who feel either shy to approach customers by themselves or too scared about the uncertainties of selling.

Believe it or not “Life begins and continues to run by selling something.” Now more of you thinking,” what is he saying? How it is even possible? Okay. Let me give you a brief about that!

When a child is born his cuteness and pretty smile, that earns him love and cuddles from his elders. And when that child is growing up and needs something from his/her parents, he/she must give a reason or something that convince them to buy that for him/her. Right? So, everything that you’ve acquired and will acquire in future is a result of selling something- your skills, talent, organization’s brand or products.

So, skills are inside you from your birth you just have to polish it throughout your life. In the following, you will know about five skills you need to master to become a sales expert.

Listen to your clients and build a healthy relationship

Now, the process of selling something starts by building a healthy relationship with your customers. The best way of doing so is by giving them respect and showing them that you want to know more about them and their needs.

Most of the salespersons think it’s more important to say the right thing to your customer and make them understand what you’re offering. It’s not totally right. Letting your client that space to speak is very important. So, start with some questions that will encourage your customer to bring the conversation ahead.

Follow up with some interesting questions and listen to them carefully. It’ll help you to know if they’re interested in your product and what they think about them.

Keep your expectation realistic

Always have realistic expectations for yourself. Never expect too much from your customers and always try your best to convince them. There may be times when your customers want to purchase from you but not able to do so right at that moment. You have to understand their problems and provide them with solutions if you can.

Keep your patience high and accept that not every time you’re going to get paid for all of that effort you’ve put in. Continue to study others and apply new strategies of sales and marketing. Some of them may prove really useful, mark those and add them in your style.

In such a way you can create a genuine presentation style and proper personality when communicating with a customer.

Keep your mind open and welcome change

Doing business as well as selling or marketing of things is never easy. There will be a lot of moments of risks and negative outcomes. Getting scared and turn your back on them is a natural thing. But with time you have to learn how to face them and accept the situations as they are.

When you’re applying a new strategy to your business, it is common that they can fail at the first attempt or may not reach your expectation like your old methods. Nobody has ever said that change would be easy. But on the way of becoming a master in selling and successful entrepreneur, You have to keep your mind broad and welcome every change coming to your path.

Remember, sometimes changing old methods is difficult than adopting new ones.

Be disciplined and ready to sacrifice

If you’ve chosen sales and marketing as a career, you’re already aware of the fact that a successful seller’s life is full of sacrifices. Sales and marketing career can provide you the financial and personal freedom but you have to sacrifice some extra hours beyond your working period.

That means you may have to keep working on Saturday or Sunday evening when your buddies are partying or relaxing. Or cut off some good night sleep to work on your skills for the next client meeting. The sacrifices that you make today will offer you precious rewards in the future.

Even if you reach success, you can not just step aside and enjoy your victory moment. You can always get behind and replaced by someone with more innovative and new strategies. Sales and marketing career are never easy. So, never stop hustling!

Always follow up

As you’ve read earlier, despite your best efforts to convince a client, there is always a possibility that your clients may be unable or unwilling to make the purchase right on the spot. Just ask their details or take their card and follow up with them later.

Now you can do this follow-up thing in the following ways:

·         Collect information from the such as address, Phone number, Email id, etc or just ask them if they have a contact details card with them.

·         When you’re contacting your client don’t send all the information at once instead send a series of texts or Emails so that your client reminds you and your offerings.

Conclusion

Don’t worry much about being annoying to your customers. Call them often talk to them what they have thought about the deal. If they’re not interested anymore, they’ll tell you that. By bringing these changes in your life and valuing your clients will pave the path of becoming a super seller and marketing expert.

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Digital Marketing – the best fit for the upcoming future?

If you’re thinking about doing a digital branding for your business, I must ensure you that you’re taking a huge step to fuel your business for the upcoming future. Now the question comes up is how can digital marketing be so much effective? Not just only in present but also in future. Today I’m going to guide you through the statement I made above.

No doubt there used to be a point of time when online marketing was a new and totally different thing in the market. But as the years passed by, the meaning as well as the importance have changed and made it what it is today.

In the coming years, digital marketers are expected to take complete control over the customer experience. In 2016 and 2017, the industry saw more than 40% growth and now that we are almost at the end of 2018, we can confidently say that digital marketing awaits a very bright future.

While Traditional marketing offers a guaranteed payback but in a slower and costlier way, Digital marketing ensures a quick and easy way of marketing between sellers and their consumers. Here are some reasons why digital marketing is the most beneficial way of marketing.

1.    Everyone is online, everything is online.

With the blessing of technology and current digitalization, everyone is online now. Digital marketing now is not surrounded in only e-commerce apps but also social media handles like Facebook, Twitter, Instagram and lots more. With the help of Digital marketing, you can connect with all kinds of age groups across the world.

2.    More cost-effective than others

Small businesses have very little resources and even capitalization. This is why Digital Marketing provides them with a better and much more cost-effective marketing channel that delivers results.

Newspaper ads, television ads, and the likes cost a lot. Online advertising, on the other hand, is something even young entrepreneurs can afford right out of some saved up money.

Even school students can have a start-up thanks to the cheap cost price for online marketing. This, in turn, helps expand the scope of marketing across boundaries of age and finance.

3.    Advances brand reputation

The power of digital marketing stays in its ability for attracting targeted traffic. These types of audiences for your content are most likely already ready to know more about your brand, products or services and may be interested enough to purchase what you have to offer.

Delivering on exactly what you promised will help you develop a better relationship with your targeted audiences. Your brand reputation will go viral as expected, further opening new windows of opportunities for reaching bigger markets and attain business growth.

4.    Mobile is becoming a priority

Undoubtedly, mobile internet will be the next wave of information circulation and communication channel, brought about by the rapid expansion of smartphones, tablets and other internet-enabled devices. Now would be the best time to have digital marketing campaigns intended towards mobile consumers, clearing the way for them towards achieving better growth and faster expansion.

5.    Earns customer’s trust

Digital Marketing focuses on the interaction between a brand or business and the targeted audiences. It concentrates on social proof from actual customers who have the opportunity to purchase the product or service. The more reliable the social signals are, the higher the trust it can get from targeted audiences.

As digital marketing has been proved to be so much essential, most of the marketers devote more than half of their time in digital marketing activities. Keeping in mind that the growth of digital marketing is increasing rapidly, most of the companies have started planning to increase their budget.

If this is what going on, the future of digital branding is going to be more effective as well as highly profitable or I should just say that “Digital Marketing itself will be the future.”

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Myths about business loans - how much true?

Borrowing a business loan is a great way for experienced businessmen as well as new entrepreneurs to boost investment and sometimes even growing their businesses. But you might have already heard some complains like they're hard to obtain for newcomers, you have to have a very good credit score, ask more money and you'll be rejected and so on. Luckily, everything that you've heard about business loans is not necessarily true.

The process of borrowing small business loan can be frightening as well as complicated for new business owners. To help you with obtaining a small business loan for your organization, we have here, 5 common business loan myths. We'll discuss those and see how much truth is in there.

You have to have a perfect credit score

That's the biggest myth about business loans I have ever heard. Yes, banks and some private lender do care about your credit score; but they're not the only option you've got out there.

There are some lenders who care about the current state of your business rather than your financial history. So don't worry!

Business loans take a long time to approve

Well, there used to be a time, when applying and approving a loan was really a long process. But fortunately, those days are long gone. Digitalization and the online application has cut down slower processing, resulting in faster disbursal of loans.

Don't ask too much or you'll be rejected

Always remember doubts destroy more dreams than failure. You should always try, even if it leads to failure. Funds should never be an obstacle, blocking your path to the success.

You should always apply for the right amount of money you need no matter it's too much or too less. Make sure you have the right cash flow to repay the loan back and that's what every financial institution care for.

The best way to get a loan is through a renowned bank

Today banks are not the only option entrepreneurs have to lend a business loan from. There are several NBFCs and private lenders who provide a quicker and easier process of lending money than the traditional lenders.

I've always heard that myth that banks are the safest option available to borrow your money from and that is not always true. Actually, banks are the option for those people who need a bigger amount of money and need a relatively larger period to repay.

The interest rate is the most important factor

The interest rate is a very important factor for any loan because it affects how much money we actually have to pay at the end of the year. It is no doubt essential to stay focused on the interest rate when borrowing a business loan, but there are also several aspects to look after.

You should also inquire about how much time you have to repay the money, what the prepayment penalties are and most importantly read the agreement papers properly.

It doesn't matter how big your financial needs are, there's always an option suitable for you. If you're ready to think outside of the box and ignore these myths you'll surely find your way back to the shore.

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Paying off you personal loan faster - here's how!

Borrowing a loan should not cost any extra money from you, but longer tenure and compound interest surely can! But these are not the extras, some lenders cost extra money forcefully just to lending money. Some of them even charge prepayment penalties if you go for paying a loan early.

However, by choosing to pay your debts early, you can always save some money that otherwise would have wasted on interest.

So, what are the benefits to pay off a personal loan early? The answer is quite simple.

Save some interest

As you've read earlier, by paying off debt early, you can save hundreds of bucks. You don't have to make a budget every month and if your loan is a long term one, you'll save even more.

Get more cash

When your monthly installments are out from your budget, you can have your access to more money than before. You can use that money to do other things for your business.

Apply for another loan

If you want a bigger loan than the one you currently have, paying off this one will lower your debt to income ratio. Some lenders don't allow you to borrow from them if you have already had one added to your budget.

Now when you're aware of the benefits to pay off a loan early, you can simply follow these steps to pay off a personal loan ahead of its schedule.

Cut your expenses and save some extra bucks

If you want to consolidate your debt early then you must have to reduce your daily expenses and save more money to the greater good. Keep saving that smaller cash and when it becomes a relatively large capital, use it to repay your loan.

Sell your unwanted items

Every one of us has some unnecessary items that we don't use that often. If you have such items, sell it to your nearest shop or online website such as eBay, Quikr to earn some money that you can put towards your loan.

Pay every two weeks instead of once in a month

Most of us pay our loans monthly, but if you start paying twice in a month you can pay your debt more quickly. It may look like that you'll pay 24 installments a year but you'll actually pay 26.

Add extra money to your monthly installments

Suppose your monthly installment is three thousand eight hundred rupees, you can add two hundred more into it to round it up to four thousand. It may not feel that much for you but if you look into the big picture you'll actually save some installments.

Go for one big payment

If you get a hike in your financial budget or earn more cash than you've expected to use that money to pay off your loan. But make sure that this money goes to your loan balance and not to your interest.

It is always best to consolidate your debt as early as possible and these ideas above will help you to do so. But the thing that you need to remember before paying off early is how much money you have to pay as a prepayment penalty. Make sure you can pay off the whole amount at once and make these extra charges is worth it.

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5 C's of business loan - how can those help!

Every business needs regular cash flow to maintain their day to day activities. Most of these day to day expenses can be full filled with revenues but in terms of incurring a larger expenditure or purchasing an asset, a business loan is essential. Business owner whether they are experienced businessmen or young entrepreneurs, opt for these loans to balance and often to expand their organization.

Now that was about the situations when a business loan is required, but what about the applying and approving part?

Banks and other financial institutions follow certain protocols at the time of evaluating the application. They evaluate small and medium enterprises in terms of 5 C's to determine their eligibility.

To know the certain protocols and guidelines, we have to understand what are these 5 C's of business loan. Let us look into that.

Character

Lending institutions always look for such borrowers who have the characteristics that prove that they can repay the loan back. This is where your educational background, experience and credit score comes into the big picture. Banks and NBFCs always rely on an individual's credit score and every institution has a line what they won't go below. Borrowers solidity such as how long he or she has stayed on the current address or worked in a particular company may also come into consideration.

Conditions

Banks and financial institutions always have their concern about how you're going to use that borrowed money. They will be interested to know if you want to use the capital to maintain your day to day expenses or expand your business. The more you'll show them that you're using the money to improve the chances to repay them, the more they'll agree to lend.

Collateral

Banks always want to know about the security of the loan amount and they want you to provide collateral to make the loan secure. In case you default or something they'll seize that asset.

Now collateral can be buildings or equipment of your business or you can also mortgage your personal property in case you want that. The more valuable the collateral will be the more your loan amount will be.

Capacity

Not just about the individual's character and collateral he or she provides that bank or financial institutions care, but also his or her capability to successfully execute business ideas. They'll see how much progress you've done so far and if you have the potential to drag it ahead in future.

If your achievement list is very short then maybe your hope for getting a business loan is also less. In that case, you can always try other loan features.

Cash flow

This is also an important factor that each and every financial institution will want to check before they give you a business loan. Good cash flow is the way to show them that you have a well-balanced income and expenses ratio and your business is eligible to repay them back.

Understanding these protocols will help you to measure up things and get a loan approved. But you take one, make sure you've checked each and every detail and properly read the loan agreement. If you want to know more about these 5 C's consider talking to a financial consultant.