Maintaining a positive cash flow can be challenging for any business, but its perennial payment structure makes the construction industry especially vulnerable to this problem. Needless to say, a stable cash flow is critical to the construction industry. After all, businesses need a regular supply of cash to keep their projects running forward and pay for raw materials, labour, and other overhead expenses.
But delayed projects, partial payments, or the very nature of payment terms in the construction industry can lead to overdue receivables. Not to mention, most construction businesses front much of their project’s cost even before they start. This situation is not ideal and can lead to serious cash flow issues that can be potentially damaging to your business.
Construction finance is a lucrative option for construction businesses to meet their funding needs between the completion of the project and settling account receivable, ease cash flow management, and fund large projects hassle-free.
Here’s how construction finance can help your businesses solve cash flow issues.
1. Construction finance can help you front the project costs
Many businesses struggle to get enough payment upfront to cover the initial costs of their projects. And so, having to front the total cost of the entire project can be a challenging situation.
Construction finance can help businesses acquire enough capital to front the project costs and kick start their projects instantly. With the funds readily available, construction businesses can procure material or invest in the latest equipment without affecting their cash flow.
2. It can help you tackle progress payments
The construction industry is often characterised by partial payments or lengthy payment terms. Both these issues can hold up your company’s cash flow. Cash filters down from the property owners or lenders to subcontractors and then to suppliers. And with every delay at the top of the chain, businesses might struggle to pay their employees and suppliers.
Opting for construction finance can help you bridge the gaps till the final payment is received. With everyday expenses handled well, businesses can ensure timely delivery of projects without any hassles.
3. You can keep your investments locked in fixed assets
Fixed assets such as vehicles and the latest manufacturing equipment are necessary investments for any construction business. After all, it can help your company stay up-to-date and enhance your overall business performance. But businesses often make the mistake of covering these long-term investments with short-term funds. By doing so, they end up hurting their cash flow.
Here, availing of construction finance to purchase machinery and equipment can free up cash reserves to cover essential costs such as bills and overhead expenses.
4. It helps take care of payroll expenses
Construction businesses are a part of a labour-intensive industry, and the financial stress of paying the workers regularly can strain the company’s cash flow position. Delayed customer payments can further freeze cash reserves, and businesses are left struggling to pay their existing workers or hire new staff.
Construction financing allows businesses to introduce enough cash into their business so that they can easily pay salaries to their employees. By fulfilling their working capital needs, businesses don’t have to wait around till the end of the project to incentivise employees and can retain the staff more efficiently.
How to avail of construction finance for your business
Today, you can avail of construction finance online in just a few steps, anytime, anywhere. Typically, you need to do the following:
Submit all your invoices to the construction finance lender of your choice.
Then, the financier will assess your overall creditworthiness. This depends on several factors, such as your credit score, business credit score, business age, revenue, financial history, assets your company owns, and more. Some lenders may even assess the creditworthiness of your suppliers. So, if most of your suppliers have good credit, it will make it easier for you to avail of construction finance. Note that this vetting process may also vary among lenders.
Depending on the total amount requested, your lender might ask for further documents such as your bank statements, record books, profit and loss statements, and legal documents. They will verify the authenticity of your construction business prior to approving funds.
Once your lender determines your creditworthiness, they may request a deposit before giving you the amount.
The bottom line
Construction businesses can experience unique cash flow challenges that make it challenging to outperform the competition. With slow payments, late payments, a high payroll burden, and delayed invoicing, operating in the construction industry can be difficult. Fortunately, affordable construction finance can help ease their worries.
For convenient construction finance solutions, turn to Tata Capital! With lucrative interest rates and customized repayment options, our bespoke solutions will cater to all your business needs.
Visit our website to learn more about our offerings, talk to a consultant, and apply today.
Google how to get a loan against shares, and you will be flooded with how-to guides and hundreds of lenders’ websites. It can make it difficult for you to make the right decisions. So, to help, this blog will walk you through everything you need to know about getting a loan against your investment.
Investing your hard-earned money is the foundation stone for attaining long-term financial stability. Investing in securities helps you retain your money’s purchasing power and create wealth over time. At the same time, it provides you with funds for emergencies. The best part about investing in securities is you do not need to sell them if you need instant funds for an emergency. How? To get a loan against shares, you can simply use them as collateral.
Have you invested in the stock market and wondered how to get a loan against shares? Read on to find out.
What is a loan against securities?
If you have been wondering how to take a loan against shares, you will need to get a loan against securities.
A loan against securities allows you to use your shares as collateral against the loan amount. In fact, you are not limited to shares. You can also use securities like mutual funds, bonds, and insurance policies to secure a loan.
A loan against securities has the following benefits:
1. Keep your investment in-tact
Investments are an excellent backup to have for unforeseen situations. But, with a loan against securities, you can settle emergency financial obligations without selling your investments at low market prices and keep them for a lifetime.
2. Overdraft facility
Lenders offer loans against securities as an overdraft facility in your account after you deposit securities. So, you can use the entire amount or a part of it, per your financial needs. Also, you only pay interest on the amount you use and for the duration you use that amount.
3. Multi-purpose loan
A loan against securities is a multi-purpose loan. Hence, there are no restrictions on how you use the loan amount. Whether you need funds for higher education, purchasing a vehicle, or meeting other short-term financial needs, you can rely on loan against securities.
4. Get approval irrespective of your credit score
Credit scores are essential for lenders to judge a loan applicant’s creditworthiness. However, a loan against securities is secured against your investment, providing lenders with a guarantee in case of defaults or late payments. So, they ease credit score requirements, making loan approval easier.
5. Higher LTV ratio on approved securities
Loan-to-Value ratio is the loan amount lenders offer against the value of your investments. Lenders have an approved list of securities that provide loans at a higher LTV ratio. Although, the amount varies across lenders. So, when searching for how to take a loan against shares,also look for lenders who have your shares in their approved securities list.
Now that you know the benefits of getting a loan against securities, let us see how to get a loan against securities.
How to get a loan against securities?
It has never been easier to get a loan against securities than it is today. You can take a loan from financial institutions against your investments without visiting their outlets. Here’s how to get a loan against shares and other securities.
Step 1: Choose a lender
When talking about how to take a loan against shares, the first thing you must do is select the right lender. You have many options to get a loan against your securities, and each lender has a different eligibility criterion, processing fee, and interest rates. So, research the lenders whose eligibility and loan offer suits you the most and go to their website to apply for a loan.
Step 2: Complete a simple online application
The online loan application process may vary depending on the lender, but generally, you have to provide:
Full Name as on your PAN Card
Email address and Mobile Number
Date of Birth
PAN and Aadhar details
Type of securities
Fill in these details and click “Apply.”
Step 3: Complete the KYC process
The KYC process also varies depending on the lender, but most NBFCs in the country have a brief process requiring minimal documentation. For the most part, you will need to provide a copy of any one ID proof and a photograph.
Step 4: Get funds in your account
Yes, that is it. Once the lender approves your application, the loan is processed within a few hours. You get instant access to funds so you can settle your financial obligations without delay.
That is all on how to get a loan against securities. A LAS is the best option for you to receive additional funds against your securities without selling your investments.
For an instant loan against your securities, turn to Tata Capital. We offer loan against securities at best-in-class interest rates and zero foreclosure charges. Our online application process has simple eligibility criteria and requires minimal documentation, so loan approval is instant. Visit our website and get a loan against your securities today.
Thanks to the advancements in the financial sector, availing of credit has become easier than ever. From flexible repayment options to competitive interest rates, you have a host of options to choose from.
And while there are several unsecured loan options available in the market, a loan against property is the best tool to maintain financial stability in the long run. Here’s why-
You can obtain a larger sanction ranging between 70% and 75% of the current market value of the property.
You get to enjoy lower interest rates as the loan is secured.
You can avail of the loan for a longer tenure.
You can use it to manage big-ticket expenses like a wedding, buying a house, overseas education, etc.
You can get access to funds easily with a quick loan against property processing time. Here’s a step-by-step guide to understanding the LAP process-
1. Do your research
No matter how convenient the process is, getting a loan is still a major financial decision. Therefore, before filling out an application form, make sure you research your options well. Besides comparing the interest rates and monthly EMIs of different financial lenders, you must also carefully analyse other aspects like-
The value of your property
The processing fee for loan against property
Pre-payment charges or penalties
Tenure of the loan
Add-on benefits like doorstep services, online application, balance transfer, etc.
2. Check the eligibility criteria
Although there are a few general requirements, the eligibility criteria for a loan against property will vary from lender to lender. Make sure you carefully go through the eligibility criteria before applying for the loan. Meeting the eligibility requirements will help you increase your chances of getting approved.
3. Fill out the application form
After confirming the eligibility requirements, you can proceed to the first step of the loan against property process- filling out the application form.
You can either do this online by visiting the lender’s official website or offline by visiting your nearest branch. You’ll have to provide details like your income, an estimated value of the property, the address of the property, desired loan amount, etc. Make sure the information is accurate as the lender will verify it while processing your application.
4. Submit the application form along with the requested documents
The next step in the LAP process is submitting the application form. Along with the form, you’ll also have to submit the required KYC documents. These include-
The latest salary slip (if you’re a salaried employee)
Last 3 months’ bank account statements
Aadhar and PAN card
A copy of the documents of the property you are mortgaging
IT returns (if you’re a salaried employee)
You might have to submit additional documents based on the policy of your lender.
5. Verification of the documents
After you successfully submit the application form and the documents, the lender will verify the information in the next step of the LAP process. They’ll check the details in the application form against the documents you shared. Some lenders request a face-to-face verification or send an agent to your home to ensure that the information is accurate.
Besides this, the lender will also begin the credit appraisal process. This involves evaluating your loan eligibility based on parameters like your income, existing liabilities, credit score, business stability (if you’re self-employed), etc.
6. Assessment of the property
The next step in the loan against property process is property assessment. The lender sends a representative to visit the property for field investigation. They will also run a legal verification on the property and evaluate documents like the occupancy certificate, sale agreement, no objection certificate, etc. to ensure that the property is free of any dispute.
Besides this, the lender will also carry out a technical inspection of the property. This is to ensure that the construction is at par with the sanctioned plans and adheres to the applicable norms. Based on all these inspections and evaluations, the lender will assess the current market value of the property. Many lenders offer a quick loan against property processing time, which takes as little as 72 hours.
7. Loan Sanction
After verifying all the details, the lender will issue a loan sanction or approval letter. This includes details like-
The sanctioned loan amount
Applicable interest rate
Type of interest rate (fixed or floating)
Duration of the loan
Validity of the letter
Other terms and conditions of the LAP loan
8. Loan disbursal
The last step in the loan against property process is the disbursal of the loan amount. In this step, you’ll have to share the original title documents of the property with the lender, against which you will receive the loan documents. Before signing the final agreement, make sure you re-verify details like the interest rate, interest type, EMI, loan tenure, processing fee for loan against property, etc. Also, carefully go through the terms and conditions of the loan.
By signing the agreement, you end the LAP process and receive the loan amount. If you’ve taken the loan to buy a property that is under construction, the lender will disburse the fund in intervals depending on the progress of the construction.
Get easy access to funds with a convenient LAP process
A loan against property is an excellent way to avail of credit for an affordable interest rate. Today, most lenders offer an online application option that makes the loan against property process more convenient.
If you’re short of funds and looking for the best lender for your requirements, avail of a LAP from Tata Capital. You’ll not only get to enjoy a seamless LAP processbut also a super-fast loan against property processing time.
Two-wheelers, especially bikes, are the most popular mode of commute in India mostly because of their convenience. Not only are they cost effective but provide better fuel efficiency with low maintenance costs. And the latest bike in the market that is turning he heads of customers is the HeroSuper Splendor. If you are looking to bring a new bike home, we’re sure you must’ve already heard about it.
The brand Splendor has been steadily selling for Hero for about two decades now. Splendor is important for Hero and it is known for its durability, reliability and fuel efficiency. But what’s different about the new model? It is better looking and has a better performance than the previous models.
Let’s dive right in and get into the nitty-gritty of Hero’s brand new bike.
Mileage and Performance
With skyrocketing fuel prices, consumers are demanding vehicles that are not only high on performance but also offer maximum mileage. And the all new Splendor delivers on these demands. The mileage is 58kmpl and can go up to 75kmpl as reported by bike owners. Compared to other commuter bikes in the market, Hero Super Splendor has 70% better mileage.
The Hero Splendor comes in two variants – Super Splendor Drum Alloy and Super Splendor Disc Alloy. The Disc variant boasts of an electric start as a standard.
It has a 124.7cc BS6, air-cooled engine that powers 10.72 bhp. Earlier, the engine was paired with a four-speed gearbox. But, keeping up with BS6 norms, Hero has comprehensively updated the motorcycle and introduced a five-speed gearbox. The engine is unlike the conventional ones of 100cc and 110cc motors that were seen in its predecessors.
The engine’s efficiency is enhanced by i3S start-stop technology which switches off the ignition if it is idle for long. It turns back on when the clutch lever is depressed. The i3S feature of Super Splendor is switchable.
The fuel efficiency of the Super Splendor bike is great for a 125cc commuter bike. Thebike also comes with an XSens fuel-injection technology that helps deliver maximum fuel efficiency.
The performance and pick-up are great.
It has excellent fuel efficiency, getting 55 to 60 kilometres per litre under typical riding circumstances.
The 5-speed gearbox makes it a smooth ride.
i3S start-stop feature further helps in fuel saving.
Dimension and Capacity
The wheelbase of the bike measures 1,273mm with an impressive ground clearance of 180mm. This enables it to cross almost all types of speed breakers. Its fuel tank capacity is high at 12 litres and it has a torque of 10.6 Nm powered by one cylinder. The Super Splendor weight in kg is 122 for the drum variant. While for the disc brake variant the Super Splendor weight in kg is 123. The height of 1102 mm may seem high, but it is easy to ride for both tall as well as short riders.
It has a 2,042mm long, 740mm wide and 1,102mm tail.
Tyres, Brakes and Features
Hero has based the bike on an all-new platform. The bike has 18-inch tubeless tyres with measures of 80/100-18 for the front and a 90/90 section 18-inch unit for the rear. It has a new diamond chassis that has replaced the previous double cradle frame. Thus, the manoeuvrability is improved because of the less weight.
The suspension duties are performed by Telescopic Hydraulic Shock Absorbers for the front while the rear suspension is 5-step Adjustable Hydraulic Shock Absorbers.
The Hero Super Splendor comes with IBS combined braking system for both, front and rear wheels. The Integrated Braking System has an additional safety aid. The rear braking is handled by a 130 mm drum while the front has two options: a 130 mm drum or a 240 mm disc unit.
The Super Splendor is loaded with innovative features that include a USB charging port, DRLs (Daytime Running Lights), Automatic headlights, fuel gauge, semi-digital odometer, low fuel indicator, and much more.
The analogue console comes with a large speedometer in the middle which includes a side-stand indicator. It also has the Always Headlamp On (AHO) feature as an added safety as it improves visibility during the daytime, too.
The Super Splendor Bike offers an exceptionally comfortable ride quality and almost glides over even the rough surfaces. Thus, it is perfect for both city and rural runs. It has good performance because of its exceptional acceleration and great pick-up.
Looks and Colours
The Hero Super Splendor has been designed with a more fluid and contemporary touch. But at the same time, it does not move away from Splendor’s utilitarian language. It provides a good balance between functionality and form.
The new bike looks more mature than the previous BS4 model. It has a tractable motor, quality cycle parts and a conservative design. But compared to its older siblings, it has a fancy style.
The bike has a new angular halogen headlamp with silver accents around it and a blacked-out visor. It has attractive triple-tone graphics on its body panel when looked at from the side. There are subtle chrome accents all over its body with new five-spoke alloy wheels.
The Super Splendor bike got a subtle cosmetic makeover concerning the headlamp, bikini fairing, fuel tank, under seat, tail panels and a new set of decals. It has long comfortable seating with body-coloured grab rails.
Hero has made changes to the dimensions and cycle parts for better comfort, stability and handling. There are five Super Splendor colours available for this bike – Glaze black, Dusky black, Nexus Blue, CB Red, and Heavy Grey.
The Super Splendor prices on average are Rs. 77,939 for the Drum variant and Rs. 82,015 for the Disc variant. The mentioned prices are not the Super Splendor on road prices but the ex-showroom prices. It comes with a standard warranty of five years. Its selling numbers are excellent and you can buy it at the most affordable price. Nonetheless, the Super Splendor price is still a significant investment and you might want to consider taking a loan to avoid shelling out all your money.
It is an excellent choice if you’re looking for a bike for daily commute. Users say that it’s super comfortable and at the same time, works admirably on rough terrains and long routes. According to customer reviews, an impressive mileage is one of the best features of the bike. It can also carry heavy loads.
Super Splendor Colours
The all new splendour comes in 5 different colours and an attractive body. Here’s the list of colours that new bike comes in-
Five colours – CB Red, Nexus Blue, Glaze Black, Dusky Black, and Heavy Grey.
Bring your dream bike home with Tata Capital
The Hero Super Splendor is a veteran in the bikes field and thus, knows its game the best. The price at which its features are available is what makes it a dream bike for many. With its upgraded features, excellent mileage, and high performance, the new bike guarantees you the maximum ROI.
But if you still feel undecided, consider taking a loan from Tata Capital to cover your Super Splendor price. With minimal documentation and competitive bike loan interest rates, you can secure a loan smoothly.
Ask any individual who has bought a smart TV in the recent past, and they will tell you the struggle of dealing with the dilemma, ‘Which is better, Google TV or Android TV?’.
Google launched its second smart TV platform, Google TV, in September 2020, and since then, the new platform has been in an intense battle with its long-standing ancestor, the Android TV. Some believe that Google TV is just a revamped version of Android TV. However, there are some critical differences in specifications that establish the fact that Google TV is more than just a new name.
So, let’s delve into the comparison of Android TV vs Google TV to find the key differences between the two platforms. Although both are products of the same brand, the difference in features can significantly impact your purchasing decision.
Android TV vs Google TV: A Quick Comparison
Initially launched in June 2014, the Android TV emerged as a game-changer in the concept of high-tech home entertainment. Its simple layout allows quick content discovery, access to different apps, and video streaming features on a TV.
But, In the battle between Android vs Google TV, Google TV stands out with an updated operating software. Google’s machine learning, Google Knowledge Graph, and Google Assistant come together to power this TV and make it more intuitive.
The table below highlights some broad differences between the two models.
Google TV vs Android TV, which is better?
Users need to access the ‘discover’ tab to get personalised content.
Strong focus on personalised content, which is available on the home screen.
Remote Control Access
On-screen keyboard is accessible through a TV remote only.
Easy navigation with a smartphone as the remote.
Users cannot access live content from the home screen.
Dedicated ta for live broadcasts on the home screen.
Profiles and Parental Controls
Users must log in from different Google accounts to access the TV separately. No child profile features.
Multiple user profiles with parental controls are available in the settings.
Available in all price ranges.
Available only in select Sony and TCL models of the higher price range.
Google TV vs Android TV – Which is better?
The primary point where both platforms diverge in the fight of Android vs Google TV is the display of content on the home page. Google TV has completely redefined the experience. It has emphasised functionality levels, tailored content, and personalised recommendations far beyond existing television sets.
Now, we delve into the detailed description of these new features and try to find an answer to the famous question: Google TV vs Android TV, which is better?
User Interface: Android TV vs Google TV
The user interface has rows of apps and streaming platforms available on the Android TV platform placed in sequence. It also has a ‘Discover’ tab for personalised content recommendations.
The new OS has several new features for an enhanced user experience, such as
The ‘YOU’ Tab: You can see this tab as soon as you turn on the TV, making it easier for you to get to the content tailored according to your watch history and preference.
Home Screen Recommendations: The home screen highlights show and movie recommendations. Google TV recommends what to watch based on your preferences, extracted from the streaming services you use and combined with the predictive power of Google.
Watchlist: You can add TV shows and movies they want to watch later. You can also access this content on your smartphone or computer and use it to modify your Watchlist as well.
Remote Control Access: Android TV vs Google TV
You can only access the on-screen keyboard on these TV sets by using a physical TV remote. So, writing long or complicated show names can be a hassle as you have to select each letter using the remote’s buttons.
You can make your Android smartphone the remote control for your Google TV to access the vast network of devices and connected apps.
Live TV: Android TV vs Google TV
For live content, you can use live streaming options like YouTube, Sony TV, Hotstar etc.
It has a dedicated Live TV tab where you access an extensive channel guide displaying content available on different live sources.
Additionally, the best cable TV replacement services – YouTube TV and Sling TV – offer dozens of live channels on the Google vs Android TV platform.
Parental Control and Kid Profiles: Android vs Google TV
If you have multiple users and do not wish to mix up your content preferences, you must log in to the platform with individual Google accounts. Also, if you want to restrict content for your kids, you must create a separate account to enable parental control.
The platform has user-friendly features such as:
Kids Profiles: It equips these profiles with an age-appropriate, kid-friendly menu, filtered movies, apps, and shows, easily adjustable per parents’ requirements.
Parental Controls: These settings help parents control the content and restrict the viewing time.
You can also easily change these settings through your smartphone without hassling with remote controls. This feature makes it pretty easy to choose which is better, Google TV or Android TV.
Google TV vs Android TV, which is better? The Conclusion
A simple solution to the fight between Android vs Google TV is to stick to your requirements. If you wish to buy a basic smart TV to play movies from OTT platforms and access some Google Store Apps, you can buy an Android TV. But, if you have multiple users in your house who can benefit from the various features that Google TV offers, upgrading your existing TV set is advisable.
If you do not want to make a dent in your savings while choosing between Google vs Android TV, Tata Capital is here to help. We offer consumer durable loans with affordable interest rates and flexible tenures.