Where Would You Get Financing For Your Online Business?

“It requires money to earn money.” That saying is sort of true. To produce or expand your company empire you’ll need some funding to pay for your expenses until your earnings is available in. That could take 2 several weeks or 24 months, and it will require $200 or $200,000. The cash can invariably be located, some way, however, you require the right way of you.

Money originates from three sources, each using its own benefits, dangers, and charges. You will probably use two, otherwise all of these types during the period of your company — and you must realise each to judge which is useful for you today, tomorrow, and five years from now.

#1 Method: Self Financing

When business proprietors have money on hands, they sometimes look to their personal banking account first like a simple type of financing. Self financing could be damaged lower two various ways, each using their own factors. First, there’s two kinds of self financing: lump-sum and bootstrapping. Second, self-financing may come of your stuff, personally, or may come out of your current business that finances another business, venture, service, or products.

Lump-sum financing is if you have a set amount of cash in the purchase of the business or investment, an inheritance, personal savings, 401(k) cash-out (rarely advisable) or any other sum of money you can use to invest in a company venture. The total amount you offer is comparatively fixed and could be viewed and tracked like a one-time investment.

Bootstrapping is continually utilized by most small companies, usually without conscious understanding. Bootstrapping is to spend the money for new or expanding business through income arriving from another source. Another source might be your entire day job, your partner or partner’s job or business, a lucrative business or products, or passive investments (property, mutual funds, and bond).

Self-financing works when you really need a tiny bit of money, if you have a lot of money available, when you’re confident with risk, or when you really need money rapidly. Additionally, it works whenever a lucrative business can absorb buying a startup company before the startup company will take off presuming sufficient income projections and tracking continues to be done to guarantee the startup company isn’t a never-ending profit leach.

#2 Method: Debt Financing

Debt financing is acquiring money that must definitely be compensated to the loan provider, usually with interest. Much like self-financing, debt financing can include both making use of your personal credit along with the credit and security from the business to acquire a loan or credit line.

Consumer debt financing is instantly open to most business proprietors. For those who have a good credit score, you can aquire charge cards, a house equity credit line, or perhaps a loan, without informing the financial institution regarding your business. You might get yourself a loan from the friend you never know regarding your business enterprise but who might not demand as rigorous standards like a formal bank.

Companies might also obtain charge cards, credit lines, and loans and lending institutions. Loans which are guaranteed through the Sba (Small business administration) can be found through banks supplying credit lines to small companies that could be unable to obtain credit with no Small business administration guarantee. Alternative debt financing options for example enable individuals and companies with lower credit scores to acquire financing from diverse sources. However these private loans will typically attend rates of interest greater than Small business administration loans.

#3 Method: Equity Financing

Equity financing is offering possession (equity) inside your business, and potential future profits, in return for money (capital) today.

Investors may come by means of silent partners, family, buddies, or eco-friendly who speculate in new companies. Angel Funding, wealthy individuals and groups who purchase small, high growth companies, typically buy stakes in companies for any couple of hundred 1000 dollars. Investment Capital firms and Investment Banks typically are searching for businesses where they’ll invest huge amount of money.

If you’re planning to find eco-friendly, Angel Funding, Investment Banks, or Investment Capital, you will probably require more sophisticated financial reporting than is included within this book. Additionally, you will require more lawyers and accountants.

How can you decide which kind of financing to pursue?

Probably, one sort of financing is clearly not best for you now. You’ll most likely use two or perhaps the 3 kinds of financing for just about any one business, as well as your choice may change within the existence from the business while you expand and add new ventures. You might be able to get rid of certain choices since they’re unavailable — you do not have cash or any other earnings source (self), you do not have a great personal credit score (debt), or perhaps your business doesn’t have exit plan (equity).

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Equipment Financing and Leasing – How Can You Tell Your Firm Gets The Best Offer?

Equipment financing and leasing is provided by a few equipment lease companies in Canada. The only issue is understanding recognise the business to utilize, and furthermore, how to make sure you acquire the best rates, terms and structures open to your firm – according to your general credit quality and also the assets being financing.

Let us get to the point – let us assume you’ve been approved for any lease financing, or you have received what seems to become a competitive lease offer.

The data we tell clients focuses around the way the lease company earns money – knowing that then clearly it might be much simpler to find out for those who have an aggressive structure Body which involves both rate, term from the lease, and types of conditions.

To begin with, ensure guess what happens kind of lease you are receiving into – there are just two fundamental types in Canada, operating leases and capital leases. And we’ll ensure that it stays even simpler than that – if you want to help keep the gear at finish from the term of the preferred lease obtain a capital lease, if you plan to make use of and return the asset negotiate a practical lease.

Once we stated, it can save you or perhaps earn money knowing the way a lease company earns money – but for the record we’re totally in support of any lease company in Canada creating a reasonable profit in accordance with risk and reward, in addition to a reasonable return by themselves price of funds. (Leasing companies take a loan just like your firm does!)

What exactly regions of concern and diligence in case you have around a lease financing? We are able to summarize all the primary methods a lease company earns money in your transaction in three groups: rate of interest billed around the lease, any tax benefits that may range from financing, and lastly, the re-leasing or purchase associated with a equipment which comes off lease or perhaps is came back.

Individuals are pretty key basics, but you will find most likely 20 other methods by which your lease is ultimately recorded like a lucrative deal. Let us take a look at a number of individuals areas by which you’ll have a direct settlement or input on.

In case your supplier gets compensated ahead of time your lessor may wish to confirm they’re Comfortable with that – what you ought to do here is be sure that the decided financing within this interim period is obvious and acceptable to yourself. Furthermore many lease companies offer, and have alliances with businesses that provide asset insurance. We totally agree that insurance coverage is essential, in the end the lease company has to guarantee the collateral they’re financing can there be obviously. However, you should be sure that the insurance coverage is fairly priced. To be honest we advise to clients they contact their very own insurance agent and supply the lease firm having a certificate of insurance using the lease company named as loss payee. This is a cost effect approach to addressing this problem, along with you because the lessee still finding yourself in control.

Documentation and filing charges have ongoing to become standard within the Canadian equipment financing and leasing industry. Typical charges with this tend, within our experience to stay in the 250-300$ range. Something more excessive than this ought to be asked. These charges cover the preparation and registration of lease documents underneath the governments Personal Property and Security Act rules.

Generally we’re not if favor of clients having to pay commitment charges to obtain a lease transaction done – however we temper that by stating that in case your transaction is large and needs a lot of research, credit analysis and analysis, then these charges we’re feeling are occasionally justified. Ensure they appear reasonable Vis a Vis how big your transaction.

In conclusion, the earnings produced by your lessor ought to be legitimate – profits vary according to your firms overall credit quality, how big the transaction, and how long required to consummate the transaction by parties. The main difference might not continually be within the rate of interest you will get, so we tell clients they really reach pick their very own rate of interest – due to the fact your firms overall credit quality has determine your current cost structure because the leasing industry in Canada is extremely competitive.

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Capital Financing – Commercial Financing Solutions

Capital Financing is forever a significant challenge for medium and small sized business in Canada. And that is exactly not saying that bigger corporations do not have that challenge, it’s just a situation of getting more assets and sources to handle the same challenge.

As an entrepreneur or financial manager the amount of funding that you’ll require, and also the method that you accomplish that financing is precisely what drives the reply to your challenge. It’s important, to understand your money flow needs and solutions, to find out in case your capital financing is needed because of the capital intensive nature of the business – or you actually must ‘ monetize’, or ‘cash flow ‘ your assets in order to generate more capital and faster turnover of individuals funds.

Your concentrate on cash and business financing becomes increased in case your profits are growing. However, simultaneously the opportunity to obtain business credit in Canada remains challenging.

Bank financing is becoming more difficult to get, and lots of firms are searching at non traditional or alternative causes of financing to secure the funds they require for capital.

Another hard reality of capital financing is the fact that most small , mediums sized business are trying to find more money flow with an unsecured basis. This kind of financing is tough to achieve within the Canadian marketplace, certainly within the Chartered bank atmosphere.

What are the causes of financial capital that Canadian business proprietors and financial managers can investigate and potentially utilize? Let us cover off a few of the fundamental options – Included in this are:

Personal savings (not at the top of a company owner’s priority list!)

Business Charge Cards


Government Capital Term Loans – Financing Business Loan (They are cash term loans with fixed costs and rates)

Factoring financing

Asset Based credit lines

When you’re searching for capital financing among the key areas you can begin with is the own key financial metrics. You don’t have to be considered a seasoned financial analyst to find out at what rate your receivables are generating. The conclusion there are recognized it yet (we’re sure you’ve) is the fact that receivables and inventory ‘ eat ‘ cash.

One a key point must be made here, in case your sales are increasing at 15% as well as your receivables are increasing at 15% that’s not necessarily a bad factor. (To calculate simply measure the number of both of these data points) However, in case your sales are increasing at 15% and receivables are increasing at 30% your money flow and dealing capital has been consumed through the investment you earn inside aOrUr and inventory that isn’t generating. Collections and inventory turnover really are a key facet of capital financing.

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Can NRIs Still Get Fixed Deposit in India and How?

If you are a Non-Resident Indian (NRI), investing your savings in fixed deposit (FD) in India can be a great way to grow your money.

FD for NRIs

NRIs often keep their money in a savings account, where it stays securely but generates low returns. Thus, it is time for you to consider investing the money in FDs. Even though there are multiple investment avenues, FD can be your best bet, as it offers guaranteed income. FDs’ interest rates do not depend on the market situation, ensuring that you do not lose money.

Additionally, FDs are reliable and offer flexible investment options. If you want to learn how to invest in NRI FDs, here are a few details related to Mahindra Finance FDs. Read on to know more.

How to invest in NRI FDs

The first thing you require to invest in an NRI Fixed Deposit is a Non-Resident Ordinary (NRO) account. You need to submit specific documents proving your identity and NRI status. An important piece of information to remember is that you have to pay taxes in India on the earnings from NRI FDs when using an NRO account.

Documents required

Here are the documents you must submit to invest in NRI FDs.

  • Passport and a valid visa
  • PAN card
  • A Person of Indian Origin (PIO) card establishing Indian origin if you are a foreign passport holder
  • Overseas employment letter for confirming the residential status and address
  • Passport copy
  • Tax Residency Certificate from the Income Tax department of the nation where you live
  • Local address proof including bank passbook or account statement, driver’s license or voter ID card, and local property papers

NRI FD interest rate

The fixed deposit interest rates for NRIs depend on the investment tenure. Check the below table to get an idea about the rates on Mahindra Finance Samruddhi Cumulative/Non-Cumulative Schemes.

Minimum amount Tenure (months) Yearly effective yield
INR 5,000 12 5.70%
INR 5,000 24 6.39%
INR 5,000 36 6.71%
INR 5,000 48 7.10%
INR 5,000 60 7.34%

 Mahindra Finance offers multiple schemes with flexible periods. You can choose an FD depending on the investment amount and enjoy long-term returns. The FD rates from Mahindra Finance ensures that your hard-earned savings have every opportunity to grow.

You can invest in an NRI FD from a Mahindra Finance branch office when visiting India or apply online using the website right from the comfort of your home. So, without any further delay, visit the Mahindra Finance website and make a wise investment.

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Wealth and Asset Management Solutions From ADCB

 businessman making pyramid shape of wooden dices with dollar sign on them.

Investing is more important than ever. The year 2020 has been a challenging one for many people, and it showed that even a seemingly stable economy could collapse under sudden circumstances. That being said, it’s important to have a steady second source of income to ensure financial stability.

Is 2021 the Year to Start Your Investment Journey?

It should be. Investment helps you take charge of your financial security.  It helps you not just to grow your wealth but also create an additional stream of income to meet your financial goals.

However, not everyone has the ability to manage their money and plan for their current and future needs. To devise an applicable investment plan, you will need to seek the help of a financial expert.

Wealth managers work with you to identify financial goals and map out a plan for achieving them that’s built around solid investments that have the potential to grow over time.

What Is Wealth Management?

Wealth management services are advisory services that cater to the investment needs of clients. Affluent clients, in particular, need assistance in outpacing inflation and meeting their investment goals at an acceptable level of risk.

Wealth managers offer a wide range of financial services and products that aim to enhance their client’s financial situation.

Why Should You Hire a Wealth Manager?

One of the main advantages of wealth management is that it pays off in the long run. Great wealth managers will not only help you make money on your investments but will also help you avoid potential investment risks, guide you to better decisions than you might make on your own, and construct personalized financial plans to help you reach your financial goals.

ADCB’s Wealth and Asset Management Solutions Review

Now that we’ve demonstrated the value of working with a wealth management advisor, the next is to choose the right wealth manager for your needs.

Abu Dhabi Commercial Bank (ADCB) is one of the leading investment management banks in the UAE for citizens and expats alike. The bank provides brokerage, banking, wealth management and investment services to individuals and corporate clients. The experts at ADCB can help you create long-term goals, plan for retirement, manage your assets, and more.

ADCB provides the flexibility of creating your investment portfolio using ADCB Managed and ADCB Select.

ADCB Managed Funds

In a managed fund, your money, along with that of other investors, is pooled together in one place and invested in assets. It provides you with access to markets and strategies that an individual investor may not have access to.

Managed funds are a great way for beginners new to investing to start their journey. It also makes it easier to manage risk as it is spread across multiple investments instead of one. You can earn income from it and get capital gains when the value of the unit in the fund increases.

Another advantage of managed funds is that it is managed by fund managers who have extensive experience in the selection and maintenance of investments. They are in constant touch with the market they invest in, which is an advantage for investors with little or no experience.

ADCB Asset Management

The process of developing, operating, maintaining, and selling assets is called asset management. ADBC offers a curated list of best of breed mutual funds and ETFs.

Exchange-traded funds (ETFs) gather the financial resources of many people and use them to purchase tradable assets such as bonds, derivatives, and shares. ETFs can be a great investment as it minimizes the risks by spreading your finances over equities of different companies.

Mutual funds, on the other hand, are a professionally managed investment fund that pools the financial resources of many people to purchase securities. They are a popular choice among investors, and their advantages include dividend reinvestment, risk reduction, convenience, and fair pricing.

Advice fromthe Expert

The best way to decide if you will benefit from wealth management services is to consult an expert. Learn more about the personalized investment solutions that are available to you today!

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Easy Tools for Home Loan Calculation

The developments in technology have brought many changes in how several industries work. Numerous banks and lending institutions have introduced financial apps and numerous financial products online to make it easier for consumers to have online access to their accounts. With the current pandemic situation, housing loan facilities have become increasingly popular, primarily because of their accessibility and low home loan interest rates. Home loans are the metaphorical building blocks for people who lack  financial resources to purchase a house. Even after facilities like an online home loan or PMAY one problem persists among borrowers, i.e., home loan EMI calculation, eligibility criteria and loan tenure. Moreover, the solution for this is Easy-to-use home loan calculators that are readily available online.

Why Is Home Loan Calculation Important?

For First-time home loan borrowers getting a loan and dealing with the process might be a bit overwhelming. A borrower has to make numerous decisions while deciding housing loan terms. Interest rates, loan tenure, EMI repayment, documentation, eligibility, etc are all factors that help the borrower to assess their credit rating and compare different lenders based on their requirements. Online calculators help save time and provide accurate results instantly on the other hand manual calculations often result in human errors. Relying on self-made home loan calculations, especially when they are erroneous, leads to regret when it comes to making critical financial decisions. Hence, it’s safer to use calculators while working with numbers like home loan interest rates as you do not want to leave any room for errors.

Types of Home Loan Calculators

The purpose of a home loan calculator is to make your housing loan calculations swift and easy. Let’s have a look at the most important of them all

Home Loan EMI Calculator

Your loan EMI is a monthly instalment of the loan amount that is to be repaid. For easy and quick EMI calculations, you can use the home loan EMI calculator. You will get an estimated amount that is to be repaid every month towards your home loan till the end of your repayment tenure. To be able to use the EMI calculator you just need to fill in the below-mentioned details and get your results:

  • Home Loan Amount: The desired loan amount that you wish to avail with the home loan
  • Home Loan Tenure (In Years): The desired loan tenure to repay the loan.
  • Loan Interest Rate (% P.A.): The rate of interest applicable to the home loan

Home Loan Eligibility Calculator

When you apply for a home loan you will find that every lender has a different set of criteria for a home loan. For a smooth loan process, you need to first qualify the loan criteria. With the help of a home loan eligibility calculator, you can calculate the home loan amount that you’re eligible to borrow based on your credit-worthiness. By using this EMI calculator tool you can save yourself from loan rejection and make better decisions when it comes to availing a loan from the right lender.

Home Loan Eligibility Criteria

For a smooth application process, you fit the basic home loan eligibility criteria. The criteria are as follows:

  • To qualify for a home loan you must be a citizen residing in India.
  • You need to have a work experience of at least 3 years to qualify.
  • Individuals between 23 to 70 years of age are eligible for a loan
  • The applicant must have a CIBIL Score of over and above 650

Documents Required

To complete the home loan application process you need to submit a list of documents. They are as follows:

  • Address Proof such as Aadhaar Card/Passport/Electricity/ Phone bill
  • Identity Proof such as Aadhaar Card/Passport/Driving License
  • Form 16 or the applicants latest salary slip
  • 3 months bank account statement

Every bank and lending institution provides a calculator for a home loan where you can easily calculate your home loan requirement whether it is your eligibility or loan EMIs. Making use of such online tools will help you get accurate results and save you time and effort, in the long run. To get an attractive interest rate on loan you can choose a home loan at Finserv MARKETS, and avail loan of up to Rs. 3.5 crore with flexible tenure of as long as 360 months. Finserv MARKETS offers credit for a wide range of monetary necessities at an affordable rate of interest or the tenure of the loan for an advantageous EMI instalment. With the Finserv MARKETS app, you can access the customized pre-approved offers and instant loan approvals. You can make use of the loan EMI calculator available online and get an estimate of the loan repayments that are to be made every month. Doing, so will help you take better lending decisions and manage your finances responsibly.

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What Is Variable Interest Rate?

Variable interest rate is the opposite of fixed interest rate. While fixed interest rate stays the same for years, variable rates keep fluctuating. These kinds of loans are unpredictable because the changes are triggered by various economic situations. The price of loans subjected to variable interest rates can increase or decrease with time.

Borrowers prefer variable interest rates because they harbor the hope that the rate will decline in the future. This kind of interest rate only works best for a short term loan as you can’t predict the market situation over a long term.

Types of Variable Interest Rates

Variable interest rates apply for many types of loans, including credit card loans, mortgage, or student loans.

1.    Adjustable Interest Rate Mortgage

One type is the adjustable-rate mortgages that lock your starting rate for a given period then implement a variable rate after some time. This method mostly works on mortgage loans. The loans are also subject to adjustment caps that limit how the rate fluctuates and the specific adjustment periods.

Variable rates on student loans or credit cards are expected to start changing right away and adjust often. These rates can change without any prior notice to the borrower. The variable rates on a credit card can change to respond to some indexes, such as the prime rate.

Why Variable Interest Rate Matters

Interest rate fluctuations are triggered by various things, such as consumer spending and business inventories. There is no single entity that sets interest rates because every bank has its own determination on how much they’re willing to pay and charge for their loans. The interest rates rely on the rule of demand and supply.

The rates matter because they influence the economy, and central banks take a keen interest in monitoring its behavior. The rates also affect daily consumer behaviors. It can help a consumer decide whether it’s a good time to invest, buy a house, and whether to borrow more or less. When the interest rates go high, there is less borrowing, and when it lowers, consumers borrow more. Interest rates also affect stock prices, investor’s future, and bond markets.

Limitation of Variable Interest Rates

Taking a loan on variable interest rate terms can affect your repayment ability if the rates rise and you cannot afford the loan. It’s important to understand the terms and review all the documents carefully because the rates can adjust anytime and affect your financial capabilities. Make sure you can still afford to finance the loan even with the highest possible interest rates.

Bottom Line

Variable interest rates can be the best option if you’re considering a short term loan. However, if it’s taken for a long term, the repayment cost can increase beyond your expectations. This makes variable interest rates some of the riskiest loans.

Whenever you take variable interest rates either for credit card or mortgage, prepare for the interest rate fluctuations and most probably expect them to go up.

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Why are resources important in CFD business?

Although countless materials are available on the internet, traders struggle to get quality content. Currency trading has been booming recently due to the latest pandemic and people are looking out to make money. While many mandatory redundancies have been made, this sector has provided a sense of relief. Due to its incredible simple structure, a person can easily enter by investing a small amount. This blinds potential customers and traders start entering without realizing the dangers. Certain aspects must be known before placing the first trade.

Don’t think brokers will help because their responsibilities are confined to financial asset management. To succeed in a career, one has to rely on his knowledge and practice to understand the market. Many websites provide educational information but not all of them are worthy of following  As any individual can open a site start advising, it is best to stick to reputed journals. The news delivered has to pass rigorous inspections. Many investors willingly ignore and immediately commence trading.

This article will explain why this is never a good idea. After reading, people will understand no limits exist in CFD market. Without preparation, you cannot accomplish objectives. A strategy is good but educations are the foundation of future performance. If this base is not strong enough advanced methods will probably crumble down.

Gives you knowledge

Exploring different educational resources can make you very skilled at CFD trading. People who are trying to earn a significant amount of money, always do the wrong thing. They don’t even know the importance of having a great broker in Singapore. If you visit website here, you will see Saxo is publishing regular content regarding the CFD market. By reading the premium post free of cost, you can easily enhance your skills. And remember, knowledge is the most powerful thing you can have as a fulltime trader.

Should I focus on strategy development or resources first?

You have to do multiple tasks simultaneously. No excuse should be given as it’s the only way. Due to increasing volatility, only a small window exists for traders to make a profit. A technique works as a tool to hold that window open while education helps to observe the inner conditions. Without a holistic combination, we can never make money. The best way is to open a demo account, select a method, and start practicing. Initially, mistakes will occur but this will help to understand currency trading better.

Moreover, the deposit is free from dangers. Whatever executed is not going to affect the account. Before jumping into focusing on building a career, try to be the best learner. Only then you can achieve dreams.

Except for education, advancement will come to a halt

Those who initiated their career without learning or practicing, at one point they have to stop. They realized it was the end of the journey for them. Prior it was possible to formulate a plan based on inadequate information but as the sector grows complex every day due to his broader understanding, this becomes obsolete. At one point he had to stop to save the fund. Practice traders will take this decision while greedy ones will continue.

To avoid such misfortune, you have still time to start from scratch. Allocate time from schedule and sound every day to learn new concepts. This may not sound wise but after a few months, you will be a changed person. If there’s a plan to trade in the long-run, no alternatives exist.

Where should I search?

Join a community and observe the discussions. People will talk about trending topics but also pass valuable information such as where the best learning materials can be found. Take advantage of this broad community and boost performance. If this sounds unappealing, search for the biggest marketplace to learn to trade. They have designated sections for specific traders to choose according to preference.

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Does Your Insurance of Bike Cover Damages Due to Natural Calamities?

Most of us know that we can file a claim in case our bike gets damaged in an accident. But what to do if it gets damaged due to a natural calamity?

While a bike insurance plan covers accidental damage, it also provides cover against natural calamities. Read on to know more about it.

Mostly, a natural calamity occurs without warning. It can cause a lot of damage to your house and other assets. One such asset that can get severely damaged is your bike. Repairing it might require a lot of money. However, two-wheeler insurance can come to your rescue in such a situation.

Bike insurance provides various benefits to cover against natural calamities. In case of a natural disaster, the likelihood of your bike getting damaged is high. However, if you have two-wheeler insurance, then you can get financial assistance to repair your bike. With the help of a bike insurance plan, you can get protection against natural disasters such as cyclones, floods, earthquakes, storms, etc.

How to File a Claim in Case of a Natural Calamity

  • If your bike gets damaged due to a natural disaster, you need to inform your insurance provider immediately. Make sure you have your policy number and bike registration details with you.
  • Try to click detailed pictures of your bike, which explains the extent of the damage. Send these pictures to the insurance company.
  • The insurer might appoint a surveyor to investigate the damages.
  • After the investigation, the insurer will inform you if the claim is approved or rejected.
  • If the claim is approved, then you can initiate the repair work.
  • If you get your bike repaired at a network garage, then you can avail the cashless facility. As per this benefit, the expenses will be directly settled by the insurer.
  • If you get your bike repaired at a non-network garage, then you will have to pay for the expenses first. The insurer will then reimburse the amount after you submit the documents like receipt of repairs done.

Reasons Why a Claim Can Get Rejected

A claim can get rejected due to multiple reasons. Here are some of the most common reasons that can lead to the rejection of a claim-

  • If you provide false information, then the insurer will reject the claim.
  • Your claim will be rejected if your bike insurance is inactive.
  • You need to inform your insurer within the stipulated timeframe. If you don’t notify the insurer within that timeframe, your claim can get rejected.
  • Your claim might get rejected in case you make any modifications to the bike without informing the insurer.
  • If you repair your bike before inspection, then your claim can get rejected.
  • If the surveyor suspects that you have intentionally damaged your bike, then the insurer might delay or reject your claim.

Insurance of bike provides a variety of benefits such as cover against accidental damages, protection against natural disasters, etc. By purchasing a two-wheeler insurance plan, you can protect yourself from the repair costs.

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How Online Recharge Portals Made Recharge Easier?

Since the time mobiles became common, operators have tried to find easier ways to make recharging available to customers. With smartphones, recharging easily have become possible. The days of going to a local store for recharging your number can be read in the pages of history. Since digital wallets and payment gateways have started becoming common, people have gradually started to migrate to online platforms. The process of recharging online is simple to understand. The following are some of the reasons why you need to know about doing a mobile recharge online.

  • Recharges have become very convenient – One of the first things that come to the mind is convenience. It is so easy to recharge your mobile online. You do not have to go to a store or wait in long queues. It is very easy to access an online portal where you can recharge your mobile. Online recharge will take just a few minutes. You can do it without even shifting on your couch. This would save you time and energy. You can do it at any hour of the day – day or night, morning or evening.
  • Multiple modes of payment – Recharging online means that you are not limited to a single mode of payment. You will have different options to pay for your recharge. You can pay through your credit and debit cards. Net banking is also available among the online modes of payment. Another useful payment mode available today is UPI. A lot of online mobile recharge platforms allow UPIU payments nowadays. You can even pay with the help of digital wallets. If you cannot use one mode of payment, you might be able to use another platform for recharging.
  • You can recharge any plan instantly – Even if you visit a store physically to recharge your mobile, you would have all the options, you would need to ask the store attendant to describe all the plans. On your smartphone, you could just browse the plans and choose the appropriate option. Also, you can recharge your mobile the moment you complete payment. The ability to recharge mobile online is definitely a boon for everyone.
  • Interactive platforms – The platforms that you will find today for recharging your mobile are quite interactive. Almost everything is self-explanatory. You do not need to go through tutorials to understand what something means. The Airtel Payments Bank website is a shining example. You will find everything at the top of the website. You would be able to recharge your mobile by clicking on the ‘Prepaid’ tab. You need to put in the name of your network operator like – Airtel Online Recharge, the plan and proceed with the payment.
  • No hassle – You can recharge from any place and at any time. You do not have to depend on any intermediate person for help. You would not depend on the local store for your mobile recharge. This removes a lot of hurdles.

All of these reasons are enough to give you a nudge towards online recharge portals.

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