Category: Loan Page 3 of 21

Everything you need to know about cash investment before investing money

Have you ever heard of cash investment? Do you want to earn a higher return even after having the ease of liquid funds? Then cash investment is the best idea to save money and earn a good return at the same time.

Generally, people who do not want to risk by investing money into the share market are the best investors of such investment policy. This investment offers low risk and even risk-free funds where you can invest money. Cash investment has become famous among those intermediate investors who do not like to invest in high-risk funds.

So, let us know everything about this investment plan to proceed with this plan properly.

What is cash investment?

Cash investment refers to plans where one can easily deposit physical money instead of transferring it from a bank account. The main motive of such an investment plan is to keep on liquidity while earning extra money in the form of return. Besides, the investment is secure as the shares or stocks associated with this plan does not offer high risk.

These special types of investment fulfil the requirement of quality return at the same time. You can easily enjoy a high return as the fund invested in this specific plan is generally invested within the money market. So, if you are looking for an investment plan through which you can earn a good amount of money, then apply for cash investment.

Usually, people used to make investments for fulfilling their financial goals. However, one can easily apply for small loans to fulfil his financial goal instantly. With easy repayment, he can also turn the outstanding amount zero.

However, apart from that, one can also fulfil his problem by investing money for a particular period. Such cash investment offers the benefit of short term investment. This type of investment is often known as T-bills or Treasury notes.

Working process of cash investment

If you keep a particular amount of cash within your hand, it will not increase over time. Rather, due to the ups and downs of the market, the currency’s value will come down. So, if you do not want to lose the value of your hard-earned money, then try to take the route of investment.

There are various types of investment plans, and one needs to choose as per his suitability. But some people do not wish to invest money for a long time. In that case, one can choose short term investment. Even then, there is some lock-in period for such an investment plan.

Now, this new type of investment plan can drive out the problem of liquidity and offers the benefits of investment to a great extent. It is just like keeping cash in your wallet and using it whenever required. Moreover, such an investment plan saves the fund of a person from the effect of inflation.

Even during inflation, there is no question of dropping down the value of money if the fund is invested under cash investment. On the other hand, before investing money in this investment account, an investor can easily personalise the fund as per their ability. Nowadays, so many banks are offering the facility of cash investment so, you may choose one by analysing the rate of interest.

Benefits of cash investment

The only common purpose of investment is achieving a financial goal. Generally, investors who used to invest money in the share market fix some goals in life, set a period, and then invest money. In this case, their purpose of investment is to fulfil that financial goal within the given period.

Whereas other investment types do not offer liquidity and high return simultaneously, this cash investment offers both. Even the return can be earned within a short period. For instance, if you are about to buy a car, you certainly need money.

So, there are two ways open to you. One is to borrow car loans online, and secondly, you can easily save money in an investment plan and buy the car after 3 years. It is one very common way to fulfil the financial goal of life. Apart from this, such an investment plan also has some other benefits.

Fulfils the requirement of an emergency fund

There is no reason to think that you will not have enough money in hand after investing in cash investment. One can easily withdraw money anytime from the investment account. For this reason, if there is an emergency and you cannot pay the fees, withdraw money without any worry.

· The facility of partial withdrawal

Such an investment plan offers the facility of partial withdrawal of money. Partial withdrawal means the percentage of the amount you want to withdraw from the account. The main reason for such ease of partial withdrawal is, it has been observed that many people often do not want to utilise the entire amount. However, when one invests money in cash investment, then he can easily withdraw funds during any necessity.

Rather, they can fulfill the entire requirement within a few amounts to mitigate the shortage. However, you can easily partially withdraw the rest of the amount within the bank account to earn interest.

Therefore, these are some advantages of the cash investment plan. Certainly, you can go ahead with this plan and invest the money as much as possible.

Being a Student, Earn Extra Money and be Financially Stable

By admin

On September 4, 2021

In Loan

If you are a student, you must very well know the struggle of making money while studying. You may be experiencing hustle while saving some cash for the emergency.

Do not worry about earning extra money as you can implement various ideas to have an additional income. Many options offer you the opportunity to earn money while you are concentrating on your studies.

The student financial life

Many times, students go through financial constraints as they do not have any other source of income, and it becomes difficult for them to manage their expenses. Many expenses are being a student, such as food, grocery, accommodation, rents, transportation, fees etc.

Every expense needs to be catered to, and that too without any hustle. If you look around and think, you are surrounded by many opportunities that will help you to earn extra money and fund your daily expenses.

Many students, who are studying, sometimes find it difficult to fund their expenses. In such cases, students opt for borrowing money. They prefer to borrow loans from lenders or any other financial institutions.

Sometimes, the repayments terms are favourable and make these borrowings borrower friendly. Many of the money lenders in Ireland only offer loans that are favourable and offer good repayment terms. These terms attract new borrowers and motivate them to borrow huge amounts.

But being a student, ultimately, it can be difficult to pay back these amounts without any income source. Hence, it is crucial to have a fantastic source of revenue to fund your expenses.

Ways to earn money as a student

Sell your extra stuff

You may be having many extra things in your house and closet that you do not use anymore. This is the right time to take out your stuff and use it. You can list down the things you do not need and find online platforms that will help you sell your stuff at good prices.

For example, there may be a pair of sneakers that you do not wear anymore. Or there may be worn-out jeans that not fitting you anymore. You can find the right platforms online or physical platforms that will offer you good deals on your stuff.

You can safely sell your items on these platforms and make a good amount of money out of them. With the things you need no longer; you can get cash out of it and be profitable.

Be creative in earning money.

If you feel being creative is doing no good to you, think again. It will help you to fetch some extra cash to fund your day-to-day expenses.

For example, if you are good with photography, you can opt for being a photographer as a freelancer and earn money out of it. Or if you like cooking, you can think of making meals for people and charging a decent amount for it.

There are many other creative options such as content creator, writer, designer and many other creative fields. There may be less competition in these fields and a good scope to earn.

Initially, you may face some difficulty, but it can prove a good earning source for you once you are used to it and augment your skills. To start with, make use of your existing contacts, and you can have free marketing with word of mouth of your existing customers.

You must deliver the most excellent quality co-operations Eto your clients to obtain positive feedback.

Gradually, as you succeed in your business, you can get a website done for your business that will help you increase your presence and customer base.

Blogging

If you are a passionate writer, do not let go of your skill just as a hobby. Use your writing skills to earn money. You can contact any of the websites that offer reading material to their readers. If there are more clicks on your logs, you get paid for it, and you can earn a good amount of money out of it.

This concept requires affiliate marketing, wherein you place adverts in your blogs. If your blogs get a large number of clicks, you are being rewarded by the brand.

If you are not aware of this method, being a student, you can research it and learn the techniques for writing your blog and how to earn from it. You can contact various brands that may offer you good opportunities for your writing.

Upskill

You can always enhance your skills and make use of your enhanced skills to make some money. If you have sufficient free time, you can make use of that time and indulge in upskilling.

This will develop your expertise and also execute your study a new skill at the corresponding time. These new skills will help you to find employment and earn good money for your day-to-day expenses.

Check for surveys

Some of the customer-centric websites have surveys on their websites. You can take part in these audiences’ researches and get some money.

This is a good way as you get paid for every survey. You can find various surveys that deal in online surveys and also pay you well.

These websites may have a waiting list, but you can add your name and wait for your turn as these are good opportunities to utilize your free time and fund your expenses.

Sell photographs

These days there are a lot of websites that have patented images. If you are good with a camera, you can click some pictures and sell them to these websites.

These websites give a good amount of money and also you can get famous as these pictures are used for personal as well as commercial use.

Conclusion

There are many ways to earn money, but you need proper education and certificates to apply for a decent job most of the time. But if you are a student, you can use these methods to earn your pocket money and fund your studies and extra expenses.

When can I get another loan from provident

When can I get another loan from the provident?

By admin

On August 17, 2021

In Loan

Getting another loan provident is subject to varied circumstances. Like every lending company, the provident also have to follow some sort of lending circumstances. It is better if you read about them in advance and avoid any kind of confusion later. There is no chance to compromise with the rules set by the regulatory authorities.

Multiple conditions make the final decision

Yes, that is the ultimate fact because financial decisions are never about just one or two factors. Every small and big condition is responsible for making a considerable change in the lending decision. You may get rejected if you miss any of them because it is all about a logical approach.

Apply within one month if you borrowed small in the previous loan

Yes, it is possible to get another loan in just one month if your last loan was about a small amount. Usually, with a past loan of up to €2000, the provident company allows you to apply and avail funds for a new purpose. However, the company can be a bit particular about the purposes of the loan.

The loan amount you apply for next time is also an important aspect. The calculation is clear. If you want to borrow a more significant amount, it is necessary to see how big it is. You may get funds up to €25000 as the previous money you borrowed was relatively small.

The fact is that there should be a balance between the current loan amount and the past amount you borrowed. After all, the lender also needs to consider some factors. Perhaps the best thing is to contact the lending company and get clarity on this aspect.

Ignorance on this aspect may bring rejection because provident loans have decided terms and conditions. They may not act flexibly despite the fact that you are an existing customer. Better is to apply all the precaution ways beforehand.

You may get rejection if you apply same day

The most common question of the borrowers is, do provident give loans same day? The answer can be ‘Yes’ as well as ‘NO.’ Again, your condition depends on other states. Never forget that your next loan is always in the impact of the past loan. It is the reason that once again, here also the borrowed amount is a significant factor for the lender and you.

It is usually impossible to get another loan the same day from the provident because of the uncompromised strategies of the lender. You may try any other lender because here, you may not get a pleasant answer on your application. In fact, due to rejection, your credit record may get a degrade in the credit rating. Also, the fear of the impact of search footprint can be a big concern. If you are not sure about it, do the market research on your own.

It is better not to apply for another loan on the same day because the finance experts usually ask to avoid this habit. In ignorance, people apply to the same lender the same day without understanding the consequences of this fact. Always wait for at least one month because that is the safe play strategy and increases the chances of fund approval. For most people, it can be challenging to understand because they sometimes want money urgent and twice or thrice on the same day. But logic is logic, and the lending industry usually cannot favor this practice.

Credit history with the lender is also a significant concern

The loan company, first of all, does deep scrutiny of how you performed as a borrower in the last months in the previous loan. In most cases, people fail to notice this aspect, and they expect special treatment. They believe that they should get a particular response from the lending company because they are the existing customers. However, this is not the case.

If you have made the timely payments of the previous loan, definitely it should not be a problem to take another loan. While on the other hand, if your repayment history with the provident was poor, the finance company may deny you the other loan. If you want to avail funds again from this company, in fact, from any lender, it is necessary to pay timely installments.

You are the actual decision-maker of your chances on the loan approval. The companies always want to keep a hold on the customers with sound financial behavior. It is because a good payment history shows the financial strength of the concerned customer. After all, the finance industry also needs to fight its insecurities after the general chaos of the pandemic. There are very few borrowers with satisfying financial behavior.

Conclusion

With the above points, it is clear that you can always get another loan from the provident, but terms and conditions apply. However, in the same-day application for another loan, you usually get a rejection from the thrifty. It is the lending policy that lender follows without any failure. However, in the case of the good credit history of a borrower and a small loan amount, the approval is possible conveniently.

Description – Read whether it is possible to take another loan from the provident or not. What are the factors that affect the final decision of the lender?