Loans | Monei Matters

  How to Avoid Common Pitfalls When Opting for a Loan OTS. Written by Monei Matters . If you have taken a loan from a bank and are unable to repay it, you may be eligible for a one-time settlement (OTS) offer. This is a scheme where the bank agrees to waive off some of the interest or principal amount in exchange for a lump sum payment from you. However, before you accept any OTS offer, you should take some precautions to avoid any future problems or legal issues. Here are some tips to help you: - Read the terms and conditions carefully. Make sure you understand what the OTS offer entails, how much you have to pay, by when, and what happens if you fail to do so. Check for any hidden charges or penalties that may apply. - Get everything in writing. Do not rely on verbal promises or assurances from the bank officials. Ask for a written confirmation of the OTS offer and keep a copy of it for your records. Get it notarised or stamped by a legal authority. - Negotiate for a better deal....

Project Finance | Monei Matters Are you looking for project finance to fund your business expansion, new venture, or working capital needs? If yes, then you have come to the right place. Monei Matters is a leading project finance company in Ghaziabad that offers customized solutions for your financial requirements.  Project finance is a type of long-term financing based on a project's projected cash flows rather than the sponsors' balance sheets. Project finance suits large-scale projects involving high risks, complex contracts, and multiple stakeholders. Project finance can help you achieve your business goals by providing you with: - Access to capital: Project finance can help you raise funds from various sources, such as banks, financial institutions, investors, or government agencies, depending on the nature and feasibility of your project. - Risk sharing: Project finance can help you mitigate the risks associated with your project by allocating them to different parti...

  How can I avoid errors in my credit report? Did you know your credit report can make or break your chances of getting a loan or a credit card? Your credit report is a document that shows your credit history, such as your loans, credit cards, payments, and balances. It also contains your credit score, a three-digit number that summarizes your creditworthiness. Lenders use your credit report and score to decide whether to lend you money, how much to lend you, and at what interest rate. That's why it's important to avoid errors in your credit report that can lower your credit score and affect your financial future. Here are some tips from Monei Matters , a Ghaziabad-based finance company, on how to avoid errors in your credit report: - Check your credit report regularly and report any discrepancies to the credit bureau or the lender.   - You can get your credit report for free once a year from any of the four credit bureaus in India: CIBIL, Equifax, Experian, and CRIF High Mark...

MONEI MATTERS- Your Financial Partner   - Compare different banks' interest rates, fees, and terms before applying for a loan. You can use online tools or consult experts to find the best deal for your business. Some online tools that can help you compare working capital finance options are Forbes Advisor India, ICICI Bank, and StockTrim. - Check your credit score and financial statements to ensure that you meet the bank's eligibility criteria. A good credit score can help you get lower interest rates and better terms. You can improve your credit score by paying your bills on time, reducing your debt, and avoiding errors in your credit report. - Read the loan agreement carefully and understand the repayment schedule, penalties, and other clauses. Some common penalties include late payment fees, prepayment charges, and default interest rates. To avoid prepayment charges, you can opt for a loan with no or low prepayment fees or negotiate with the bank to waive or reduce the char...