Explained: How To Be A Smart Credit Card User

The perception about credit cards is mixed among individuals. The general idea is that credit cards create debt and are negative for an individuals’ financial health. On the other hand, those who have used it, think differently.

For them, credit cards are not only a positive way to avail discounts on purchases but also to manage their budget and improve their credit ratings.

A credit card is among the first choices if you’re looking for how to improve CIBIL score quickly. You can become more creditworthy to lenders with a high credit rating in a short span of time if you use it smartly.
Read on to know how to be a smart credit card user and improve your credit score.

Managing Your Credit Effectively
A credit card company will check your credit score and history when you make an application. Your CIBIL score will go down with each inquiry because making one enquiry will deem you as a credit-hungry individual. Making multiple enquiries will make you look even more, which will be noted in your running credit history.

Help yourself with a healthy credit score by following up on the right habits. Those who know how to improve CIBIL score quickly keep their credit utilisation within 30-50% of the credit limit and so should you. This is one of the guaranteed ways to boost your CIBIL score.

Stick to One or Two Credit Cards

The rewards provided differ with credit cards. For example, an airline credit card gives you reward points on air tickets. You can redeem these points to get discounts on your future ticket purchases.
Similarly, fuel credit cards provide rewards when you purchase fuel. You can redeem these points to purchase free fuel up to a particular limit. These cards also provide full or partial fuel surcharge waivers with these cards.

Another similar type of credit card is a retail credit card. Also known as co-branded credit cards, these provide rewards when you shop from specific retailers.

If you go for movies a lot, then you can avail an entertainment credit card. You can earn attractive rewards when buying movie tickets with these cards. Furthermore, you can also get free movie tickets.

Pay the Bills on Time
Perhaps the easiest of all the ways on how to improve CIBIL score quickly is to pay outstanding credit card bills on time. Contrary to popular belief, a credit card can help you increase your credit score considering if you stick to the payment dates.

On the other hand, failing to pay the bill within the due date can not only decrease your credit score but also invite additional penal charges. These may include a high rate of interest, late payment fees, etc.
Credit cards have a grace period of up to 45 days, giving you ample time to pay the outstanding. All you need to do is follow up strictly on the dates.

Pay the Full Amount Due

A typical credit card bill comes with a minimum amount due and full amount due.

The minimum amount is either a specific percentage of the total or the same with interest. You can pay the minimum amount due if you don’t have the funds to pay the full. However, doing so will reduce your credit score. Moreover, you will still have to pay the total amount due on the next bill.

If you know how to improve CIBIL score, then you must also know that you should always pay the full amount due.

You must also follow these rules mentioned above to manage your credit card efficiently and increase your credit score. With the best CIBIL score, you can avail higher loan amounts sanctioned at the most attractive rates of interest.

Manage your credit cards smartly to get the best discounts and offers. More importantly, stick to the basics of credit usage and improve your credit score fast and easy.

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How can You be Eligible for An Unsecured CA Loan?

In recent times, many banks and non-banking financial institutions have started offering tailor-made loans for chartered accountants to cater to their various needs. These loans are meant exclusively for qualified CA professionals and can be used for a variety of purposes- setting up or expanding your own CA firm, renovating your home, funding your children’s education or consolidating all your existing debts.

Bajaj Finserv offers a suite of loans for chartered accountants with an easy online application process, minimal documentation and instant financing. However, there are certain eligibility criteria that you need to meet before you can avail the finance. Read on to know what makes you eligible to avail an unsecured CA loan and how to get your loan application approved easily.

1. Your average monthly income
Lenders determine your loan repayment capacity by evaluating whether your monthly income is sufficient to service regular loan EMIs. It means that the higher your average monthly income, more are the chances to be eligible for a CA loan. Hence, you should look out for the minimum income required for availing a CA loan before applying.

2. Your location 
The place where you stay plays an important part in determining your CA loan eligibility. Your lender must provide its services in your city of residence. Also, the minimum salary required to apply for a CA loan is higher in big cities and industrial towns, and more so in metropolitan cities like Mumbai or Delhi.

3. Your professional experience
Many lenders require a minimum level of experience for chartered accountants to approve their loan applications. They may ask for your Certificate of Practice (CoP) as a qualified CA to know about your professional experience. Generally, there should be 3-5 years from your CoP till the date of your loan application to qualify for financing.

4. Your age at the time of application
Lenders also look at age of the applicant as a reliable factor before approving their loan application. They prefer younger applicants with a stable and settled professional life. Generally, the age limit to apply for chartered accountant loans fall between 25 to 60 years.

5. Your existing debt liabilities
If you are already juggling too many loans, the lender may find a new loan as an added burden on your monthly finances and hence might reject your loan application. Thus, it’s important to keep your current debt to income ratio as low as possible to increase your chances of getting the loan application approved by the lender.

6. Your credit score or credit history
This is one of the most important factors that determine your eligibility to avail an unsecured CA loan with any lending institution. The lender will scrutinize your credit history and look at your credit score before approving your loan application and if they find it insufficient, they may simply reject your loan application or ask for higher interest rates.

Hence, it’s essential to keep a low credit utilisation ratio and maintain a good CIBIL score to be eligible for a CA loan. Also, with pre-approved offers from Bajaj Finserv, you can avail easy and quick finances with simple eligibility criteria and hassle-free loan approval process.

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Tricks to Organise Your Small Business Supported by a Business Loan

Small and medium businesses are significant contributors to India's growing economy. Approximately 95% or 42.5 million industrial units fall under this category. It is a major driving force behind the projected 7.80% growth in India's GDP this fiscal year.

The number of small businesses is estimated to grow at an exponential rate. As an owner, it is vital to stay ahead of the competition. Investing in the operational setup with the aim to generate better revenues may require financial assistance. A small business loan can be the most effective financial solution to help grow your business.

Here are a few tricks to help you organise your business systematically.

● Integrate technology
Organising a business has become much easier with the help of technology. Appropriate tools and software can enhance your workflow and improve your productivity. You can take the assistance of online book-keeping tools to manage your accounts or schedule meetings and projects with the help of organisers.

You can also use cloud storage for your documents to make the process more streamlined. Studies show an average employee spends almost 8 hours every week searching for misplaced documentation or paperwork. This is a waste of time which can be easily avoided with the help of software or other tools. You will be able to access the documents much quicker, and thereby, enhance work efficiency. You can use the funds of a small business loan to invest in the technology needs of your enterprise.

● Project management optimisation
Regardless of your business size, implementing the right project management pointers will prove helpful for handling clients and employees alike. You can hire skilled supervisors to handle projects, or appoint a good management team to brainstorm new ideas. Having an organised team will greatly improve productivity.

● Utilise your working capital
Sorting out your finances is one key aspect of organising your small business. Make sure you separate your personal expenses from your business’ and keep track of the operational costs. Monitor your invoices, customer payments and in-house expenses too.
You can implement dedicated software to better maintain and organise your business finances. It will also point out financial deficit and help you avoid burnout while running your business.

A loan can come to the rescue in case of financial shortfalls. Business loan eligibility criteria are easy to meet including primarily a minimum business vintage of just 3 years.
Many financial institutions offer such collateral-free loans with instant approval and flexible tenures as per borrower’s convenience.

NBFCs  sanction advances of up to Rs. 30 Lakh with reasonable business loan interest rates. They also provide pre-approved offers for business loans, personal loans, home loans and a range of other financial products and services. It saves time and simplifies the process of financing. You only have to provide some necessary details online to check your pre-approved offer.

● Outsource your time management and customer service requirements
As a business owner, outsourcing customer service and regular operational tasks can help greatly to organise your venture. Attach utmost importance to contact management, scheduling, expense tracking, social media, emails, and liaison management.
You can use chatbots for customer service. Modern chatbots are incredibly efficient and can answer customer queries, frequently asked questions, take feedback, and even accept payment.

Implementing such framework requires large capital; however, it is a one-time investment which can be easily met with the help of a business loan. These services will help you organise the key aspects of your business while saving you time and effort.

An organised business is always more productive and motivating. Create the necessary ambience to grow your venture with the help of an unsecured small business loan.

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Holi Festival - the festival of colors

Holi is one of the festivals that is celebrated all over India. Perhaps the Holi festival is also known as the festival of colors or festival of love. On this special occasion person living together unite and celebrate it in a colorful way. The festival is celebrated equally and lasts for both day and night which actually starts in the evening of Purnima or on the full moon day. This festival falls in the month of Falgun and it is also called as Holika Dahan or Choti Holi. It even welcomes relieve from the humdrum and monotony of everyday existence and let the people enjoy themselves.

Holi Festival

Holi - the festival of colors

In each part of the country, it is known in various names. Moreover, the vibrant colors of an bring positive atmosphere making each other to get closer and enjoy. The Holi festival has lots of significance and is often celebrated as a part of the tradition. Basically the actual Kohli stats by Lightning of the Bonfire on the special occasion which implies that triumph of good over the bad. People would like to enjoy playing with colors where they bring together friends and family and enjoy it in the evening.

Significance of Holi

The Holi festival has lots of significance that often implies the tradition and culture of Indian people. In fact, there are many other aspects related to Holi Festivals which make it one of the most important festivals. Moreover, it is very much close to that of religious as well as mythological as it has been one of the various legends associated with the festivals that we celebrate. There is also a historical significance and background that depicts the significance of the colorful festival. Even the mythology enhancers that the festival is celebrated as a part of Ogress Pootana who tried to kill an infant, Krishna by feeding poisonous milk to it. And there exist many other signs that perhaps made it one of the best festivals ever.

Some safety tips while celebrating Holi

Well, each and everyone who celebrates Holi should have ever followed some tips in order to keep themselves safe while playing with colors. Here you will find some of the tips that will help you to maintain a safe atmosphere around you.

•       You can use natural colors as they do not contain Chemicals and does not harm your skin or eyes.
•     Before you actually start playing Holi make sure your face is cream before as well as after the festival.
•       In order to protect your nails make sure it is fully coated with nail polish otherwise, the colors may damage the nails.
•       If you apply oil to your hair then there are maximum chances that the colors may not stick to your hair and damage it.
•      There are some colors such as pink and red that are often easy to take off instead of preferring other colors
•    It is essential that you have to keep pain Killers or any sort of antioxidant as well as anti-allergy tablets handy.
•     Protect your teeth thereby using dental caps as you can avoid getting unwanted stains on your teeth.

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Buy Playing Equipment from a Reliable Equipment Supplier

A playground is the best place to keep the children engaged. The place has all the playing equipment to attract the kids. The children of different age groups can play here for hours as these equipment are unavailable inside the home. The equipment include various swings such as teddy bear rider, dual left bend slide, twirly climber, merry-go-round, fun station, rowing machine, cycling and more.

The swings are available in a wide variety of textures, shapes, and colours. Keeping in mind the favourite colours of kids, the fun station is designed with attractive looks. Besides this, the slides are highly durable as these are manufactured using more rubber, plastic, and nylon ropes in place of steel. Additionally, the equipment is made highly safe for the kids. There are fewer chances of kids getting hurt while playing on the fun station.

All these playground equipment can be installed in schools, recreation clubs, picnic places, baby care centres, and local parks. The equipment are the perfect option for the recreation of children. For kids, it is a great fun to play on these swings. Besides having fun, the children are also able to improve their focus, dexterity, agility, and physical strength. All these benefits can be gained while playing in a relaxed environment.

Before purchasing the fun station for the playground and setting it up, various factors must be considered. First of all, acquire a proper idea about the space available. Then find out the type of outdoor equipment required for the particular playground. There are various kinds of equipment such as fixed outdoor equipment, movable outdoor equipment, and gym equipment. For the entertainment of kids, you can buy playing equipment from kids play equipment supplier.

The playing equipment can be installed in any of the playgrounds and parks. Prior to the installation, keep in mind the number of kids that are going to use it. Moreover, the kids use the swings in a rough manner. They keep rubbing their feet continuously and scratch the slides which might damage them. Hence, the swings must not be delicate but have a good strength.

There are a number of playground slides suppliers in India, who offer various slides in different styles. The suppliers can offer a variety of fun stations with a number of designs and themes. These can be installed by the professionals in any playground. Whether, a school or local, get it installed and let the kids enjoy. For kids, it is a complete mode of entertainment.

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An essential guide about pliers

Pliers present it in various sizes along with shapes. It can be used for gripping a rod or a pipe, others are put to use for twisting wires. Sometimes there are put to use for a combination of various tasks including cutting wires. When you buy pliers ensure that you choose the correct device for your needs.

The various types of pliers

Long nose pliers

* You can hold wires, reach out to awkward places and at the same time grip small objects
* Any work should involve smaller gauge area.

Side cutting pliers
* Used for various applications that includes communication, electrical and communication work
* Can be put to use to cut or splice wires and strip insulation

Flat pliers
* Common type of pliers that is used for assembly work and many applications

Tips to be aware before you use pliers

A professional is aware of all the protocols related to the use of pliers but a review of the below points would help you considerably.

Do not use pliers to undertake job of another tool

You should not use pliers as a wrench, hammer or pry tool. Instead of proper tools if you use pliers it damages the work, yourself and valuable time is lost.

Do not push the pliers beyond the desired capacity

If you bend stiff wires with light pliers it will make them bend or it can break. Rely on a strong bent plier. In case if you need a plier with a greater leverage do use one. Undertake pliers online shopping as there are plenty of options for the same. In using bolts opt for a bolt
cutter and a cable cutter for a large cable.

Do not cut any metals or wire without proper protection of your eyes
If the wire does not get you it will get someone else. Do think about the other guy as well as yourself. Do make it a point that you wear face mask or protective glass. At the same time you should not cut any wire or metal till your fellow workers are protected.

Do not expose pliers to excessive amount of heat

If on the metal direct flame could ruin the tool.  To direct heat cutting pliers are especially vulnerable

Do not depend upon plastic dipped handles to provide relief from electricity

The plastic induced handles are only better from the comfort point of view. Not only are they devised to provide relief from electric shock.

Keep away from using pliers on live electric circuits. Do use insulated tools that have the official certifications.

The pliers need to be used only if they are in prime condition

You may have to oil the pliers on a regular basis. A single drop of oil on the hinge makes their operation smooth.

Pulling on the pliers

When you are applying pressure do pull on the pliers. In doing so if the balance fails you may end up damaging your hand and chances of injury are on the higher side.

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5 Benefits of buying high-quality electrical equipment

Industrial growth is at its peak level at present. The markets are flooded with all types of equipment being available for sale by a large number of manufacturers. Buyers often get to choose between two options. The first option is of buying a high-quality product by paying a certain price. The second option is about buying an identical product but at a lower price by making a compromise with the product quality. Many buyers fall for this trap of buying inferior quality goods and pay the opportunity cost later on. Industries that run on equipment oriented operations like telecom, electronics, and machinery manufacturers should take into consideration the benefits of buying high-quality electrical equipment for their industrial processes before making a purchase decision. The benefits of buying standard electrical equipment are as follows.

A longer service life

Equipment manufactured using standard quality benchmarks such as electrical engineering standards offer a more extended service period in comparison to ones that do not follow this yardstick. A longer shelf life without any decline in quality of service is the need of every industrial unit. This assurance of interrupted high-quality services can only be attained by buying high-quality equipment.

Safety of usage

High-quality equipment is produced by following quality benchmarks such as Electronic component assemblies standards to ensure safe and reliable usability to users. On the other hand, low-quality equipment is prone to accidents. Presence of toxic metals such as lead (Pb) and barium (Ba) in electrical types of equipment makes it essential to buy products that follow safety standards in the manufacturing process.

Low maintenance and repair cost

High-quality equipment follows a standard manufacturing process and comprises of multiple stages of quality checks. Such an extensive quality benchmark process results in the production of quality, reliable and durable products. Hence, this equipment offers lower maintenance, repair cost in comparison to their low-quality counterparts which produce heavy maintenance, and repair bills.

Enhanced work productivity

High-quality equipment is manufactured keeping in mind the peak of competitive efficiency reigning in the industry to generate high operational productivity for the users. These machines offer better efficiency, competitiveness and ease of operations in comparison to their low-quality competitors.

Growth of business

Good quality equipment help to gain the confidence of business partners and distributors from the point of consumer safety. Use of good quality equipment leads industrial units to grow in international markets that have strict norms of trading only in goods manufactured by equipment and process certified by globally acceptable standards.

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