Business 2 Arts

I have been pampered in a family of several siblings, including six brothers and five sisters. The number of girls is less as compared to that of boys. We all have been growing with our seniors’ words that girls should not be educated more and must help in domestic chores.

We followed their words, and now I am live evidence that those words worked well to put my sisters under the peer pressure of their in-laws family and their husbands. If they were educated, they could have turned the tables and run away ahead of the good life.

But what resisted them from education; our family, society, or self-responsibility for their current position. Now there is no profit in playing the blame game. We all are responsible for their condition. Our social structure allows us to prejudice them based on gender.

If every girl in the family had not been deprived of education, we would not need to discuss gender biasness. This comes from our very own conscience towards the woman and its natural body conformation.

Through this blog, we shall try to recall the reasons for prejudice against women, its social manipulation, and finance’s role in conducting its abolishment.

What is gender biasness?

When there is a preference for discrimination against a particular part or gender by the other part or gender, we commonly call it gender biasness. Generally, this dominance of males over its female counterpart legalizes the way to make it happen.

In history, we have seen that no equal labour and wages were given to female workers. They were considered as objectifying materials. They were treated as a commodity of exchange and were deprived of any financial work. They had to cover themselves so that no men could see through them and other mental abnormalities among those times.

Also, today, most of the countries of the west under equal opportunities. People are now getting more aware of providing extra benefits to women, but few are still with the ancient concept.

Role of Bigotry

Bigotry also played it partly to demean the role of women in society. People do not spare any chance to pass sexist comments against women. No doubt, social media platforms are the blessings from them and can abuse any woman more efficiently without any charge.

This natural tendency of nature goes wide with the impacts violently on women and violates women’s aspirations and hopes for working equally to men and thus conducting gender violence.

Women as second priority

Women are considered subordinate to men, and it reflects their innate inferiority towards this social theory. It causes discrimination and violence against them. The legal approach of violence against women comprises physical and psychological violence, prevention of sexual and practical freedom.

Women are expected to have feelings but have no right even to express it. This is a far point of oppression.

What can counselling do?

Counselling is the procedure to inculcate good feelings and habits by showing him examples and variant other symbols of kindness towards each other and even to lifeless things.

Counselling can make women stronger and empower them, which can help reduce the gap between gender diversity. Women should be made self-reliant and self-dependent, which is only possible by special counselling for them.

We have to urge them to achieve gender equality by building leadership qualities and every sector of the economy. We should endeavour to create a society in which they should feel secure in every aspect. No one can either look upon them with lusty glaze.

Empowerment must be needed

Moreover, women must be trained enough to adopt self-safety measures and not approach others for their help. The need of the hour is that; they should take up the command of their own and not depend on others for their work.

However, those days had gone when women were to be made limited to their beauty. They were confined with the identity of a diligent daughter, beautiful wife, caring mother, and a free income maid. They are now working as the counterpart to men.

They have reached on highest positions. In the field of education and business, they have crossed the height of men. They are now killing many stereotype mentalities and have proved themselves leading home and office simultaneously.

They are drivers, doctors, engineers, acrobats, astronauts, scientists, teachers, athletes, armed services, etc. It means no sector is denied of women indulgence.

Financial aid

Either for opening a counselling session or initiating a movement to disclose the oppression and making the women empower in every field of life, a financial approach must be available.

Moreover, this need can be conquered by applying the loans such as personal loans in Ireland and even available for bad credit.

Inference

It is necessary to say that only patriarchal society can overhaul this social structure, and this could be made possible by making the women self-dependent and provided with freedom. All men must support their decisions and respect their dignity.

Because the world can be run with the help of both.

What Questions Can You Expect from a Lender?

By admin

On October 21, 2020

In Loan

Online borrowing is not a new concept, and it is a more convenient method than traditional borrowing. If you want to apply for a loan, whether short term or long term, the first step you need to do is fill up the application form online.

It seems easy to apply for a loan online because you have to fill up your personal details and submit income documents so your lender can decide the disbursal limit subject to your affordability.

Most of the lenders advertise their loan products as “2-minute application”, and many of you take it as “disbursal in 2 minutes”. However, this term means it takes a couple of minutes to fill up the form online.

Whether you are applying for short term loans in Ireland or long-term loans, a lender will check your credit score. According to FCA guidelines, a lender must check a credit report before approving the application unless it is subject to a loan that requires no credit check.

In most of the short-term loans, lenders will not ask you questions about your repayment and the purpose of the loan, but they will do if you are borrowing a significant amount of money. Here are the questions that a lender will likely ask you when you put in the loan application.

How will you use that money?

A lender will not ask you this question if you are applying for a short-term loan, but when you apply for a business loan, they will get to know the answer to this question. You cannot get a loan by simply saying you need it to increase working capital or you want to buy equipment.

A lender would want to know how that money would contribute growth to your business. They would like to get this money back and therefore try to see if it is a sensible borrowing.

If you say that you are borrowing to repay other debts, you will have your application turned down right away. Make sure that you have a convincing answer to this question, so you get money successfully.

How will you repay the loan?

As this is not your own money, you will have to pay it back to the lender. Before transferring money to your bank account, a lender will show interest in knowing how you will repay.

Affordability is the essential factor that every lender has to consider to ensure that you do not fall behind repayments.

They want to assure that you have enough income to repay the debt. Since unsecured small loans carry a higher interest rate, it becomes more crucial that you do not borrow more than your affordability.

You have to tell your lender how easily you can repay your debt. Remember that if you point at your savings, the lender will not approve your application because savings cannot be considered a part of income.

By asking this question, the lender wants to know how likely you can repay the loan despite the ups and downs of the business.

Can you submit the collateral?

As long as you are borrowing a small amount of money, the lender will not ask you to put collateral. If the borrowing amount is more than £5,000, your lender can ask you to secure it. Sometimes, lenders can do it when they suspect that your financial condition is not that secure.

If you put collateral, you can qualify for a loan with a lower interest rate. If you do not want to place collateral, you can arrange a guarantor. Lenders seek such alternatives to mitigate the risk associated with your application.

By arranging a guarantor, you do not tie the risk to a particular asset, and therefore, you do not need to fear it. However, note that your lender will call upon the guarantor in case you fail to repay your debt.

A lender will always look over your affordability before approving your loan application. They generally do not ask how you will use the money. Still, when the borrowing amount is of a considerable size, they will likely ask you questions mentioned above to ensure your affordability. Make sure that you have convincing answers to these questions to get the loan approved successfully.

What Would Be The Perfect Loan Plan? Any Idea!

By admin

On October 13, 2020

In Loan

Money is an indispensable part of everyone’s life. Undoubtedly, it is needed at every stage of life. Some of us would be having sufficient funds to fulfil our dreams and desires, but some may not be having enough money to make their ends meet. Even, to cater to their daily necessities also, they have to struggle due to shortage of cash.

Here lays a question, those individuals who don’t have sufficient amount of money, don’t they have a right to run behind their dreams? Should they stop wishing or dreaming? The answer is NO like there is a solution to every problem, Loan facility is the solution to this problem.

Loan facility is for people going through such crucial circumstances, which may occur at any given point of time. Many of us may face a sudden situation wherein we require cash, and we do not want to borrow some money from relatives or friends.

Needs vary from person to person and to cater to these needs various banks and financial institutions are offering multiple loans like personal loans, student loans, vehicle loans, home loans. Loans are available for any and every kind of need.

To ensure your speedy loan approval, you should consider the following points:

Good Credit history is the key

The credit score is one of the essential criteria considered by the lenders while evaluating the loan application. A strong credit score always increases the chances for your loan approval. A lower credit score denotes bad debt management and may result in the rejection of your loan application or a comparatively higher interest rate on your loan.

The only way to maintain a good credit score is by paying your dues timely. One right way to keep a good credit score is by automating your payments. Another way is by using your credit card with a good credit history. One important tip is not to exceed the pre-decided set credit limit.

In the case of personal loans, they are being provided without keeping any collateral. Credit score works as a reflection of the borrower’s repayment capacity and helps the banks and financial institutions decide the risk rate involved in providing the loan. People maintaining good credit scores have a good chance to get loans quickly at a more competitive rate of interest.

Interest rates comparison

To ensure the lowest rate on your loan, it is essential to compare the interest rates offered by various lenders. There are several platforms which provide the comparison between the rates offered by different financial institutions.

Comparing the interest rates enable you to select a loan with the lowest interest rate, making the repayment more manageable. To make things easy, you can consider visiting any online financial marketplace for the loans suiting your requirement and eligibility.

In the process of selecting a lender, apart from the interest rate, you should also compare factors such as prepayment charges, processing fee and other relevant terms and conditions.

Cost Assessment

While borrowing a loan, numerous costs are involved, such as prepayment fee, processing fee and late payment fee. Before applying for a loan, you should always estimate the total expenditure to be incurred during the process.

The parameters to assess the costs involves various fees that your lender charges. This cost estimation helps you manage your finances in a better way and helps you assess the loan affordability.

Deciding the right loan amount

Before applying for any loan, the foremost thing is to make a list of all your requirements. Afterwards, set out in the order of priority to be financed with the loan.

Some may prioritize their needs in the category of personal loans, while some may do it for a vehicle loan. The amount and requirements vary from person to person. The prices and expenses associated with needs; decide the amount to be borrowed and seek a loan for.

Loan repayment evaluation

Repayment is a crucial factor to be considered before borrowing a loan. The foremost thing is to ensure the alignment of your income with the repayment structure. Other than the income, one should consider any other financial commitments and debt repayment before applying for a loan.

Loan repayment capacity is one of the major factors being assessed by the lenders while going through your loan application. The borrowers with low repayment capacity can opt for longer repayment tenure.

Don’t fall for the gimmick

There are two sides to a coin. With genuine lenders in the market, some lenders offer false low-interest rates or tricky schemes.

When checking the whole picture, these loans often turn out to be more expensive than expected. In these schemes, the interest rates appear to be low initially as they are based on the floating rates of interest. But eventually, they are formulated to increase substantially.

Lenders provide with the same day or 24 hour loan facility in Ireland. Before applying for a loan with such lenders, it is imperative to check the authenticity of the lender to avoid higher interest rates.

The right one

The lenders are offering various loans, and there exists a market of borrowers relying on these lenders. Apart from the factors mentioned above, it is always better to find a lender working with transparency and honesty.