How To Get PaydayLoans On Social Credibility

There’s a significant amount of people in India with an inadequate cbil score or bad credit card history, and are still looking for financial assistance from the government but aren’t getting one. And, then comes the unexpected situation and humiliation of asking money from your friends and family. So, the term payday loan comes in picture. Are you eligible for payday loans with quickcredit.in and how will you get it?

Here’s the detailed information for those waiting eagerly to know all the essentials related to payday loans and on how we evaluate you on basis of your social, personal and professional credibility.

Are you eligible for it?
Yes, in most of the cases borrowers with Indian nationality and age less than 45 and greater than 21 are eligible for payday loans, fulfilling the personal credibility. Now, a reliable source of monthly income is very important one, covering the professional credibility of the borrower. Social credibility is the most important as it gives the insights of the person’s daily activities, behavior and relations. An active profile is always on a green tick.

Important tips to keep in mind
– While most of the payday lenders are willing to count on your credit score, quickcredit.in is not willing any such requirements.

-Look carefully and check how transparent the whole process is.

-Read all the terms and conditions, if any.

-There is no physical verification with quickcredit.in, as we realized the need of completely eradicating it.

-These loans are not for everyone as the interest rates are higher as compared to banks.

-Payday loans are always for short tenure.

-Delay in payment might lead to a heavy penalty but won’t reflect on your credit score.

Serious Responsibility
Always remember to only borrow what you can repay without further damaging your financial conditions.

 

 

Advertisements

INSTANCES WHEN QUICKCREDIT PROVED TO BE HELPFUL TO THE BORROWERS

As an individual seeking for an instant short-term cash loan, it’s likely that you might have come across platforms that specialize in peer-to-peer lending. Lending is an old tradition but the way of looking at it lately changed. These platforms gained popularity over time because of one obvious reason, they are the most convenient and simplest alternative way of financing for individuals.

So now,

If you question the term p2p lending, then they’re an intermediary between privileged lenders and needy borrowers or institutional investors. To help you decide if quickcredit p2p lending is the best option for you in your needy times, we will break it down even better.

We here at quickcredit aim at bridging the gap between the lenders and borrowers and make it, even more, simple and easy say just a click away for the borrower. As a borrower, we understand the time constraint and urgency of the individual. Hence, we realized the need of completely eradicating the concept of physical verification and making the process as quick as 2 hours for the new users and just a click away for the registered ones.

hands-1926704_960_720

Here are few instances where we proved to be the helpful ones for our customers when they were left with nobody to count on.

1. Sudheer, one of our privileged customer, 1-year ago he applied for a loan from us, for his mom’s urgent eye surgery and now he is amongst our happiest borrowers.

2. Rina, 40-year-old only mother, with the dream of her daughter’s marriage added to the happy family of quickcredit.

3. Young Rahul was caught up in a situation where he didn’t know, either to pay all the utility bills or to enjoy his birthday month.

4. Karthik, with a beautiful wife and 2-month old daughter now, once applied for a loan to take her beloved partner out for their very first dinner date.

5. We gave Shopaholic Tina her best birthday gift.
“Shop now and pay later”

Thank you for helping us grow and to make us better day by day with your support and suggestions.
Welcome to our family.

How will GST impact employee-employer transactions?

HR to rethink and bring in new guidelines to create a win-win situation for both employee and employer by accommodating the new changes envisaged under GST

The Goods and Service tax is one of the biggest fiscal reforms in India since Independence with the objective to streamline India’s complicated indirect taxation. Change is definitely never easy. While every small or large business entity is busy in complying with GST regime, HR professionals are also engaged in discussions to assess the effect of GST on their transactions with the employees under various categories.

Here are some of the teething troubles which are taking its own time and shape while implementing this unified tax system.

AAEAAQAAAAAAAAoAAAAAJDM1N2RjYTIzLTE4ZGEtNGExMS1iMjFlLTE4NDcyNjc2NTRhNA

Every employer under its various program distributes gifts to their employees. In India, festivals like Diwali incur huge show of gifts for most companies’ workforce. Even in off sites, gifting T-Shirts, Bags and other items are common. Celebrating special days like birthdays, work anniversary, farewell, etc. is blended in the culture of every organization. With the advent of this new change, all of these gifts will now come under the gamut of GST.

GST will be applicable if the value of gifts increases INR 50,000 in a financial year. If the value of all gifts in the year is more than INR 50,000 then the GST is applicable on the amount above INR 50,000. However, if the amount of a single gift is more than INR 50,000, then GST will be applicable on the total amount of the single gift.

Now, HR and the related department will have to start planning and tracking of various gifts of an individual employee in the financial year to ascertain the applicability of GST.

Free cab or subsidized facility

Many companies provide cab services to its employees at a subsidized rate to commute from home to workplace. If it is a part of the employment contract then it is not subjected to GST because it becomes a contractual liability of the company to provide the services.

However, if it is not a part of the employment agreement then it is considered as a supply by the employer to the employee which attracts GST. And in such a case, it will be taxed at 5% rate (similar to rent-a-cab) with no input tax credit. The company can later claim taxes paid on cab expenses as a credit when they provide services to employees at open market value.

It’s time for HR folks to explore new possible solutions to amend their contracts with transporters to reflect that cab services are being directly offered to employees. They may have to show and prove that the company is merely acting as a medium to recover invoices from employees on their behalf. This will safeguard the liability of GST on the company.

Provision of subsidized or free food

Food is offered either free or in subsidized prices to employees in their regular work day. In fact, some companies offer free lunches (only in the literal sense) to their employees too. Also, the majority of organizations have been providing delicious rewarding food on special days for celebrations like Diwali, Christmas, Women’s Day, New Year, etc. In all these cases too, GST will be applicable on the amount paid to outdoor caterers.

However, the credit can be claimed by the company only if it can be treated as outward supply to employees at the open market price. Companies need to alter their existing contract by structuring it in a way that the caterer is supplying food directly to the employees and company is acting as a recovery entity of the invoice from the employees. This will help the company in safeguarding itself from such GST liabilities.

Notice pay recovery

Recovery of notice pay has always been a tricky area. Different companies follow different procedures. As per a recent report of PwC, notice pay recovery is an issue under current Service tax regime and may continue to remain an issue under GST regime. However, considering that the same appears from a contractual obligation, a position may be taken that no GST should be charged on the same. The company needs to appropriately word the same in their employment manual.

The good news is that, apart from the above employer to employee transactions where we can see a visible impact, there are other areas which are not covered under the purview of GST as of now. Given below are some of the transactions which remain unaffected by the new change.

  • Medical insurance
  • Health check facility
  • Company issued devices (laptop/mobile/tablet)
  • Mobile reimbursements
  • Relocation benefits
  • Personal accident insurance
  • Temporary accommodation
  • Mobile handset
  • Company car
  • Employee referral program
  • Long service award
  • House lease

Restructure and communicate

Whatever the case be, it has become necessary for HR to restructure some of the processes and transactions for GST compatibility. Not only this, HR and top executives must re-think the other often overlooked areas to further refine and simplify their existing process. And as a next step forward, it is imperative to effectively communicate all these changes to the stakeholders including all the employees in an unambiguous way. Repeated and crisp communication is the key to proper implementation of any new change in the system. Make all GST related communication transparent and help address these teething problems with utmost ease.

GST: Know better

Prime Minister Narendra Modi this July 01 ruled out all the primitive tax system and rolled in the new only one tax ‘GST‘, which has been 17years in making. Gst aims at creating a common national market by striking the inter-state trade barrier, incorporating various indirect taxes like excise duty, service tax, VAT, CST, luxury tax, entertainment tax etc. One central tax with different slabs. So now Fruits and vegetables will be taxed at 0%(no tax), cooking gas at 5%, cell phones at 12%, mineral water at 18% and washing machine at 28%, irrespective of the state.

hiking

According to GST scheme, business with annual turnover of over Rs20 lakh must file taxes online every month along with annual returns, previously they had to do it annually or quarterly.Now invoices are supposed to be uploaded online by 10th of every month. Gst also aimed at increasing the efficiency by digitizing the entire procedure.So, the intention was to simplify the tax structure but somewhere Gst made tax filing even more complex for 13 million registered companies. Moreover, small business will be forced to hire Charted accountants and invest on computer systems.ClearTax, an online tax filing startup introducing services to simplify the tax filing under Gst’s incumbency.

ClearTax software is a ready-to-use-cloud based software.According to ClearTax’s CEO in a country like India, it will take 12-18 months for it to run smooth.ClearTax’s framework works such a way that the form 16 issued to salaried people breaks down into visual blocks.

So, how much ready and prepared are you?

How Dhirubhai Ambani taught us the most important lessons of life

Dhirubhai Ambani famous Indian Entrepreneur, business tycoon, Legendary Bussiness Leader, Creative Mind, all these terms are still less to acknowledge his brilliance. A former student of Junagadh’s Bhadhur Kanji High School, who once lived in a one room chawl in Mumbai is now ranked amongst the list of world’s Richest man by Forbes with an estimated income of $2.9 billion in 2002.

solitary
This man with the vision of dream big has taken India very far and is also a true inspiration for us an individual.There are his few closets which will give a fresh new start towards life.

1.Never fall short gathering information, whatever it maybe – Government, local, state, central, products, companies, market, services, people whatever it may be, welcome it all.

2.Seek opportunities, not fortune- In a famous quote by him “There is no invitation for making profits” You always have to find them. Convert all your information to productive profit-making opportunities.

3.Master your work and always take next step- No matter what your work is master it all. and always be ready to jump to next orbit, higher orbit.

4.Meet your requirements on time- Always have timelines and make sure to perform your task within defined duration. Constraints and complexities should not affect you.
Beat those deadlines!

5.Don’t change the rules, change the way they rule us- The statement itself says it all. Don’t just let them restrict the creative you in you.

6.Take risk When we stop taking the risk, we stop experimenting and even eventually stop living.

“If you don’t build your dream, Someone else will hire you to help them build theirs”

FINANCIAL SAVINGS AND HEALTH BENEFITS BY COOKING AT HOME.

Why dine out when you can cook at home? Maybe because dining out is convenient, delicious, and the possibility of burning down the house is minimal.

friends-dining-out-together

Health Benefits

According to the Centers for Disease Control and Prevention, 90% of Indians are surpassing the FDA recommended daily intake of sodium (more than 2,400 milligrams per day).

Where are we consuming all this salt? The vast majority of our intake comes from restaurants and processed foods. Excessive consumption of salt can lead to high blood pressure, cardiovascular disease, stomach cancer and more.

Portion sizes served at restaurants aren’t doing our health any favors either. Portions have grown 138% since the 1970s; at the same time, obesity in America has risen as well. Obesity can lead to poor health including diseases such as Type 2 diabetes and coronary heart disease, as well as an increase in bad cholesterol, some cancers and much more.

There is good news! You have the power to be your own chef! When you cook at home, you take control of your health. You call the shots on your food selection, sodium intake, and portion size; significantly reducing your risk of health issues.

The Undeniable Health And Social Benefits Of Eating Home-Cooked Meals

There’s no denying the fact that cooking at home more often will have a positive affect on your pocketbook. If that’s not incentive enough for you to start making more meals at home, Folks.com have found five other benefits — health and social — to eating home-cooked meals. From reducing your carbon footprint to living a longer life, getting out your pots and pans is obviously a better idea than reaching for the take-out menu.

10-Reasons-You-Should-Cook-Every-Meal-You-Eat

Financial Savings

Cooking at home also has financial benefits. Currently, U.S. adults devote a third of their spendings on meals prepared away from home. This can be reduced simply by picking up those kitchen utensils and putting them to good use.

Cooking at home saves money.

What better reason is there for you to start cooking at home other than the fact that it saves you money?

If the average bill per person for one meal at a casual restaurant is Rs200-500and you eat out five times a week, your dinner bill for one month would be $275. For the same amount, you can probably shop for healthy, cheap raw ingredients that you can cook as delicious meals at home.

When eating out, you would have to dress up, use up gas on the car to visit a local restaurant, spend money on tips and the meal itself – you are actually spending more than what you have to. Doing this too frequently will definitely take its toll on your budget. If you would like to save some serious cash, spend your food money wisely by cooking every meal you’re consuming.

You’ll see immediate savings when cooking at home, but the long-term savings are associated with your healthcare costs. As we know, cooking at home can lead to a healthier lifestyle, which in turn can result in lower medical expenses. According to Bankrate.com, health- and work-related expenses for an obese woman cost $4,789 more than a woman of average weight; for an obese man, it would cost $2,646 more than a man of average weight.

So save the option of dining out for special occasions. If you cook at home more often, you might be able to afford to really splurge when going out!

Bon apetit!

 

How to save every month

In our previous article “Moms: Perfect Financial Role Models” we mentioned how moms make us realize and understand the difference between what you need and what you want.And also planning is always a key factor to make you understand who you are, how you see your future endeavor. Here are few tips to plan your month by the team of quick credit:

1.Budgeting- Most of the time you might not know which way you are going or how your day will be ending, maybe partying with friends or taking out your wife for shopping. For all such uncertain plans, you should predefine your budget in order to maintain your expenses for the entire month.

Increase your saving Graph

2.Cut down excess spending- To start with this particular one you need to look at the past expenses and track where your money is going and then make necessary adjustments.

3.Grocery Routine- This might sound flimsy but important, you can save a ton with few sacrifices and some practices.

4.Reduce Energy Cost- When we talk on this particular topic it somehow takes us to a new level of responsibilities which we as an individual need to fulfill for the society and for our future generation.
Turn off the fans and lights when you are not home!
Don’t just pile up water bill washing cars and pets.

5.Avoid Impulsive Purchase decisions- Always stick on large purchase which doesn’t need to be an immediate decision.Less trip to stores and few clicks on the web.

6.Make Alternative Choices- According to your monthly budgeting if you already spend a lot so, it’s a smart idea to make alternative choices. Wanted to take her out for dinner and movie? why not home theater and some good home food.

India is celebrating Financial Literacy week, June 5th-9th

Considered, many people these days are facing financial anxiety and are still searching for answers. Regrettably, there are no easy answers for this. Consumers these days are flooded with credit opportunities by various banks and institutions.But, without facts and comprehensions, it’s easy to end into financial troubles.

suit up forthe occasion

Like former times, cash isn’t essentially the only way to purchase. Since when Bitcoin and cryptocurrency were introduced, the way people use payment gateways has changed. Even the way of shopping changed, creating plentiful opportunities to use and drain the credit and much easier way to acquire debt.

In order to educate people more & more and create awareness amongst the people, Reserve Bank Of India is celebrating the week June 5-9 as “Financial Literacy week” across the country starting from Jammu and Kashmir. The main objective behind this is to not only improve the financial behavior of people but also create a sense of Financial Inclusion.All the messages are selected from common man’s perspective and are planned to market at common places like Banks, ATM’s.

Improvement in Financial literacy will have a wise and profound effect on the society pitfalls of debt

Challenges Faced By Fintech

Technology is evolving essentially, every aspect of the financial world is no exception. British Chancellor of Exchequer, Phillip Hammond Championed fintech during Uk-India Fintech Conference held on 05 April 17, in Mumbai, India, for its ability to revolutionalize our life’s. Along with topics like Artificial Intelligence, biotech and robotics, Fintech was recognized as ‘Fourth Industrial Revolution’.

However, these developments are not without their challenges!

POP-UP STORE

 

For global financial institutions, fintech has become a disruptive market.
It’s also very interesting to see how banks are dealing with fintech these days, some are ignoring them and some are partnering with them. Maybe because banks need faster growth in the market.

It’s always a difficult exercise to replace the traditional operation in the market.But, with remarkable technology growth peer to peer platforms and digital currencies were born, delivering real benefit to a lot of people.In this race of development, Fintech has already bypassed personalized banking system.

The one and the most important thing with the Fintech is to know which segment you want to partner with, which are the areas you are looking forward for fintech to compliment, that can be a lending space, payment space, security, treasury, trade finance, so depending on your priorities you pick up your Fintech space. And then comes the research and kind of innovations. When all the factors are taken into consideration Location is last and the most important one.

So,
The new world of Finance is indubitably exciting, but not without its challenges.

Moms : Perfect Financial Role Model

Whether you are 20 or 25 or 51 your mom still plays a huge role in your life from personal to financial decisions. Most of us give our mom’s hopeful thoughts and credits on important days but we still miss out how good moms are with money. A survey by BeFrugal.com shows that 8 out of 10 individuals have taken money lessons from their moms. So what does that mean? It means your should really follow your mom as a financial role model.

Perfect ROLE Models

As a kid, It was your mom giving you pocket money, maybe 100 bucks for taking out the trash or 50 for cleaning the garden leaves.The only reason behind was to make you learn the value of money in your early stages of life. Now, when you are a grown up importance of money is the most important thing you know and can still relate to your childhood mom’s lessons.

You were expensive as a kid, but mom made it work!

Remember the times when your mom didn’t buy the things she couldn’t afford? she taught you how to save money and be prepared for the emergencies, her intention was just to make you understand the difference between a want and a need.

Continue reading