Are You Eligible for a Business Loan? Check in Just 30 Seconds!
If you’re planning to start or scale your business and need funds, a business loan can be the quickest route to finance growth. But before applying, it’s crucial to know whether you qualify. At Shivafinz, we break it down simply. In this blog, you’ll learn the top 3 criteria that banks and NBFCs use to […]
How to Get a Business Loan in India: A Quick Guide for Entrepreneurs
Thinking of scaling your business but falling short on funds? You’re not alone. Thousands of entrepreneurs face the same challenge every day. The good news? A business loan from banks or NBFCs (Non-Banking Financial Companies) could be the perfect solution to bridge your financial gap and help your business grow. In this blog, let’s break […]
How Existing Loan EMIs Affect Your Personal Loan Eligibility in India
Struggling to get a personal loan approved despite having a steady income? Your existing EMIs might be the hidden reason why. Most people overlook one critical factor when applying for a personal loan — the Debt-to-Income (DTI) ratio. In this blog by Shivafinz, we’ll explain what DTI is, why it matters to banks and NBFCs, […]
Why Is Your Loan Application Getting Rejected? Here’s How to Fix It
Are you facing loan rejections even though you have a stable income? You’re not alone. Many people find themselves confused when their loan applications are turned down without a clear explanation. At Shivafinz, we believe in empowering you with the right financial knowledge. Here are the three most critical parameters that banks and NBFCs consider […]
Can You Get a Loan Without Formal Income Proof? Here’s What You Must Know
A common question we get at Shivafinz is — “I need a loan, but I don’t have any formal income statements. Can I still get approved?” Let’s address this clearly. ❌ Can You Get a Loan Without Income Proof? No, you cannot get a personal or business loan from any formal financial institution like a […]
Can You Get a Personal Loan Without a Salary Slip? Here’s the Truth
Many people wonder whether it’s possible to get a personal loan without a salary slip. While the answer may seem simple, there are important financial details to understand before applying. At Shivafinz, we break down the truth behind personal loans for individuals without a regular income or salary. 💼 Can You Get a Personal Loan […]
How Banks Calculate Loan Eligibility for Salaries Above ₹30,000?
When applying for a personal loan in India, your monthly salary plays a significant role in determining your loan eligibility. If your salary is above ₹30,000, banks and NBFCs follow a specific set of rules to assess how much loan amount you qualify for. In this blog by Shivafinz, let’s break down how banks actually […]
Why You Should Never Pay Advance Fees for a Loan | Beware of Loan Scammers!
Are you planning to apply for a loan?Beware of fraudsters asking for advance payments before approving your loan!In this blog, we’ll explain why asking for upfront money is a red flag and how genuine lenders actually work.Stay alert. Stay safe. Let’s dive in! Why Do Scammers Ask for Advance Payment? Fraudsters promise instant loan approvals […]
EMI Bounce? Don’t Panic! Here’s What the New RBI Guidelines Say
Missed your EMI this month? Don’t worry! The Reserve Bank of India (RBI) has introduced a new guideline that gives borrowers some relief.If your EMI bounces, you now get a 30-day window to clear your dues — without any impact on your CIBIL score! In this blog, let’s break down what this new RBI update […]
How to Verify If a Bank or NBFC is Registered with RBI?
When applying for a personal loan, business loan, or any financial service, trusting the right lender is extremely important. With so many loan scams happening these days, it’s crucial to verify whether the lender (bank, NBFC, or loan app) is genuinely registered with the Reserve Bank of India (RBI). In this blog, let’s understand how […]