With the implementation of GST as a uniform tax regime, the cascading impact of multiple taxes was eradicated. This ‘one nation, one tax’ structure was aimed at mitigating complications during compliance of taxes and help reduce inflation in India’s economy. Following the considerable change in the pricing of goods and services across all genres of trade, a majority of the population are now aiming to benefit from GST registration online.
Here are a few pointers that you need to know about GST registration procedure –

• GST registration process

Keeping in mind the convenience of potential applicants, the GST registration procedure has been kept straightforward and hassle-free. All that one needs to do to register for GST online is follow these steps –

Availing a personal loan is simple, as long as you meet the eligibility criteria laid down by your lender. Due to the convenience of the internet, most reputed NBFCs such as Bajaj Finserv, today offer online personal loans. Here are the steps you need to follow to avail such a loan.

• Check eligibility criteria and documents required

Understanding factors that lenders check after loan application helps you enjoy a convenient loan application procedure. Learn the age, income, credit score and other requirements to avail such a loan. Additionally, inquire about documents you have to furnish to avail the loan. Keep them ready for verification.

• Fill up the online application form

When you are confident about meeting eligibility criteria, start to fill the online application form on the official website of the lender of your choice. Make sure you provide accurate and detailed information to avoid chances of rejection. Submit only after you check all details of an online personal loan application form.

• Select loan amount and tenor

Picking your personal loan amount is simple. Opt for only as much as you require and not more to avoid repayment problems in future. For instance, if the loan is to finance an abroad education, avail only as much as is required for the fees and accommodation during the course.
Selecting the tenor can be tricky. If you opt for longer tenor, you will have more time to repay the loan, but you would have to pay greater interest. Shorter tenor can increase financial burden but reduces interest payments. With these factors in mind, opt for the tenor that best suits your financial condition.

• Submit application and wait for disbursal

After completing the steps mentioned above, submit the application. You can now wait for disbursal, which should occur within a day or two. Online personal loans today have instant approval and fast disbursement.
Check your account to see whether your account was credited with the sum.

Your CIBIL score is one of the most crucial eligibility criteria that lenders check when sanctioning unsecured credits. A minimum score of 750 is essential to apply for unsecured credits like personal loans and credit cards.

Since these credits are collateral-free, a high score acts as a security for the financial institutions. It tells that you have handled all your previous credits responsibly and have lesser chances of defaulting.  

Hence, improving your credit score is critical, and some of the ways to do so are mentioned below:

1. Avail a Credit Card
Using a credit card is one of the easiest ways to do so. However, you need to be responsible when using the card.

2. Always Pay The Total Amount Due
A credit card statement displays two payable amounts – 

• Total Due Amount– It is the full amount that you currently owe to your card provider.
• Minimum Due Amount – It is the minimum amount that you need to pay to avoid paying interest and late payment charges.

Paying the minimum amount carries the entire outstanding amount to the next billing cycle. It also lowers your credit score. Contrarily, paying the total amount due improves it.

3. Keep The Credit Utilisation in Check 
Your card comes with a pre-set credit limit, which is the maximum amount you can borrow or spend with it. Using the entire limit makes you credit hungry. Hence, try to keep the utilisation ratio low. Usually, using only 30-50% of your card limit improves your score.

4. Refrain From Applying For Multiple Credits 
Financial institutions conduct credit enquiries when you apply for a loan. These checks lower your score. Hence, refrain from applying for too many of them at once. 
Use these points in your favour to improve your CIBIL score. A high score will also enable you to avail the best interest rates while applying for a personal loan. 

According to a survey, there has been a rise (around 400%) in the complaints regarding medical negligence. This rise has increased the demand for professional indemnity insurance for doctors. In simple terms, professional indemnity insurance is a type of liability insurance which protects professionals from bearing a loss caused by any negligence during treatment of patients. The insurance company manages specific confidential data of its clients and provides indemnity services accordingly. 
The insurance companies also provide professional indemnity insurance for doctors to protect them from false allegations. It safeguards many practitioners financially and assists in dealing with such false claims legally. ​
​Features and benefits of professional indemnity insurance for doctors

1. This insurance policy provides financial help to make up for the expenditures made towards investigation, lawyers and compensations. 
2. It protects the doctors from any claims raised due to the death of a patient caused by negligence or alteration in the method of treatment implementing nanotechnology in India. It provides the funds required for compensation in such cases.  
3. It will also offer you financial cover against specific risks such as incorrect diagnosis, loss of essential documents, employee fraud, violation of confidentiality, etc. 
4. The best professional indemnity insurance policy for doctors can be availed against minimal documents, thus making the process hassle-free.  

The sum assured for professional indemnity insurance can be selected by the doctors either on yearly or per accident basis with a ratio from 1:1 up to 1:4. If the coverage amount is less than the compensation amount you can avail loan for doctors to make up for the loss. However, this insurance does not cover specific cases and accidents caused in certain surgeries such as plastic surgery, weight reduction surgery, criminal activity, any operation carried out under the influence of drugs or intoxicants, etc. The premiums of such policies will depend on the type of cover you choose and the risk factor associated with the nature of your practice.

Personal loans are gaining fast popularity in India’s lending market. This easy-to-avail credit facility has gained momentum for its unique features such as no end-usage restrictions, instant approval, zero-collateral, and many more. However, you need an indicative tool that determines your loan eligibility and your monthly payable instalments. Hence, you can use an eligibility calculator and EMI calculator to determine these factors.

How to Calculate The Loan Eligibility?

Before applying for a personal loan, determine your eligibility in the following manner –

1. Put your city, date of birth, your monthly income and expenses in the personal loan eligibility calculator.
2. Once these fields are selected, the tool will show a loan amount you are eligible for.
3. You can now apply for that same amount or less and get it approved online.

After determining the loan amount eligibility, you need to calculate your fixed monthly payment to clear off the outstanding loan amount. It is calculated via your lender's EMI calculator.

How to Determine your EMIs?
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If you opt for a personal loan online and want to determine your EMI amounts, follow these steps –

1. Enter your required loan amount, your chosen tenor and the applicable rate of interest.
2. You can also use the slider for EMI calculation.
3. Once all the data is inserted, the EMI calculator will depict your loan EMI payable every month.

However, you must know that this EMI amount also includes the payable interest amount on your overall sanctioned credit. Hence, it is advised to use another financial tool – APR calculator, to determine the actual cost of a loan.

Performing such calculations before applying for a personal loan can help accurately plan your finances to benefit the most from the credit. Refer to leading lenders such as Bajaj Finserv to enjoy further repayment-friendly features.

A personal loan for a wedding is the solution to your financial crisis that restricts you from making your day of marriage extra special. Availing these loans can also be beneficial if you are hosting a destination wedding. These loans can also provide the funds needed for an exotic honeymoon.

You need to keep the following points in mind before you apply for a wedding loan –

1. Your Credit Score
You need to have a minimal CIBIL score of 750 to successfully avail these loans with the best terms and benefits. Hence, you must check your credit score before applying. Applying with a low CIBIL score can cause the lender to reject your application.

2. Approval and Disbursal Time
The approval and disbursal time are critical as the time required for you to avail the funds depends on it.

Leading NBFCs can approve wedding loan in 5 minutes. These companies can disburse the funds to your loan account within 24 hours.

3. Rate of Interest
The rate of interest determines your cost of loan or the total amount that you have to repay. Hence, compare the lenders and check the interest rates carefully.

4. Charges
There are various charges associated with a personal loan for a wedding, like –

• Processing fees
• Secure fee
• Statement charges
• Penal interest
• Cheque bounce charges
• Part-prepayment charges
• Foreclosure charges

You may be subject to pay additional charges. Hence, make sure to check these before you apply.

5. Part-Prepayment Process

Check the process of part-prepayment before you apply. Usually, part-prepayment is when you pay more than one month’s EMI. The payment goes towards your outstanding loan principal. Part-prepaying your loan can either lower your EMIs or reduce the tenor.

It is recommended to part-prepay your personal loan for wedding whenever you have the necessary funds to save on interest.

Keep these above points in mind before you apply for a wedding loan. Doing so can help you avail the loan faster.

As per a recent survey, India has ranked among the most prominent medical tourism destinations across the globe. In 2018, medical tourism in India was valued at Rs. 3.6 Billion approximately. It is expected to touch an all-time high of Rs. 9 Billion by the year 2022. This exponential growth is due to the availability of the best healthcare services for patients. 
From studies, it has been evident that almost 59% of foreign tourists have opted for yoga, and approximately 11% of patient engagement has been in naturopathy treatment. ​

Factors impacting medical tourism
India's medical tourism industry is growing at a rapid pace of 31% every year. Here are some of the factors that are attracting medical tourists –

• Lower expenses 

Offering quality healthcare services at budget prices – most treatment costs in the country are as low as 1/10th of that in the US or UK. Besides, the implementation of revolutionary technology likes Lybrate for doctors has made healthcare treatment efficient and cost-effective.  
This high-end treatment facility has brought down the gap between patients and doctors in the country. Patients now can avail prompt services through telemedicine. 

• Use of practice management software 

Introduction of applications like mHealth and Lybrate have influenced the growth of medical tourism in the nation. These applications not only eliminate the chances of human error but also automatically tracks and keep records of:

• Patients’ reports. 
• Medical prescriptions. 
• The audio-visual briefing, etc.

Furthermore, the steady growth of skilled doctors has also led to the mushrooming growth of medical tourism in India.  
What medical tourism has in store for the future?
Medical tourism has a promising future in the country as it is turning India into a global medical treatment hotspot. So, if you are looking to invest, do not forget to look through a handy guide for doctors on medical tourism.    

A Personal Loan is an unsecured loan that assists the aspirant to fund the personal and professional requirements. The loans are accessible at very affordable interest rates and flexible tenors. However, to avail this personal loan at a lower interest rate the loan applicants must have a stable source of income and a good credit score, qualifications. Most lenders do not offer a personal loan beyond 50% of the monthly income. In case you fall under a low-income bracket, a few lenders might still offer you a loan considering your future income potential and good credit scores. A few eligibility criteria through which lenders measure the personal loan eligibility these criteria include age, income, CIBIL score, Employment Stability, etc.

Requisite Documents to Apply For a Personal Loan

• KYC documents of the proprietor, such as Aadhar card, driving license and voter ID.
• Employee ID of the applicant
• Salary slips of the past two months
• Bank statement of the salary account of last 3-4 months or bank passbook of last 6 months
• Address proof
• A completely filled form with the passport size photograph
• Eligibility criteria
• Age of the candidate must range from 23 to 55 years
• Applicant must be a resident citizen of India
• Minimum earning of the aspirant must be Rs.10000.
• Job experience minimum of 2 years
• For self-employed individuals, lenders require a minimum turnover of Rs.35 lakhs.
• A credit score of at least 720 is considered good.

Several banks and NBFCs offer personal loan even with low-income bracket. You must compare the offers of all leading vendors and choose the one that best fits your requirements.

Car is not a luxury anymore and thus more and more people are planning to buy the same. In order to save money, people generally opt for pre-owned cars; however, if they don’t have enough money to purchase the same then they can simply turn towards the used car loan and purchase the pre-owned car with ease. There are several lenders who provide you with the facility of the second-hand car at reasonable interest rates. Let’s find out some details about used car loan and important ways to avail the same.

What is Used Car Loan?
A used car loan is nothing but unsecured funding for which you don’t have to submit any collateral. It is a kind of personal loan which is offered as per your creditworthiness and lender’s eligibility terms and conditions. 

Eligibility Terms and Conditions For The Used Car Loan
Before applying for the used car loan, it is advised to go through the eligibility terms and conditions and check whether you are satisfying the same or not. 

• The applicant must be the citizen of India
• He/ She should be employed with any private or public limited company or with MNC.
• The age of the applicant must be in between 23 – 55 years. 

Important Documents To Be Submitted 
In order to get the used car loan, you’ll just have to apply for the same and submit a few documents such as: 

• Previous 2 months salary slip
• KYC Documents
• Employee ID
• Salaried bank account’s last 3 months statement

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​Pradhan Mantri of India has come up with a helping hand to the residents of India to help them own their dream home. Pradhan Mantri Yojana is a scheme launched to offer subsidy over the interest charged on the home loan. For this, an individual has to meet certain eligibility criteria and need to apply for the home loan from the reliable bank or non-banking financial companies. Bajaj Finserv offers the best home loan and provides assurance on availing interest amount benefit under this scheme once you meet eligibility criteria. 

This scheme provides an interest subsidy between 3% to 4% on the total loan for a home for the lower and middle-income segment people. Before you apply for this scheme, it is necessary to be clear on the process, different subsidies offered and other factors to avail it. 

The Process to Avail Home Loan Interest Subsidy Under PMAY Scheme

​Pradhan Mantri Yojana comes up with a simple application process. Once you have decided on a home to purchase, submit the documents like declaration form, Aadhaar card, PAN card, income proof along with the property document that you wish to purchase. It is best to check if the lender has an MoU with the NHB or HUDCO. Just download the application form available over the official website of Pradhan Mantri Awas Yojana website. Complete the form and submit at the relevant nearest office or can apply online. 

Once the home loan is approved by the lender and disbursed, the lender will claim the subsidy from the NHB and that will be credited into your loan account.

​Additional Read: ​What Essential Things to Know About PMAY?