Stranded in the midst of a financial crisis and want money? Even though you are the best planner in the world, you cannot plan events of life – you never know when life throws a curve ball at you. Some of life’s surprises can have a major blow on your finances. You might have to set aside your finance plans due to emergency requirements.
All of us have been there – lack of immediate funds to meet sudden needs. From unplanned purchases to medical emergencies to repairs to urgent trips, you might need cash anytime.
What can we do meet the cash crunch?
Well, personal loans are not only logical but respected way of funding your emergency cash needs. Yes, respected – we all know what asking monetary help feels like, even from loved ones.
Does a personal loan sound your saviour? But wait, you cannot jump onto the search button and apply for any personal loan you come across. Many companies advertise their loan as the best personal loan in the market which they are not. You must take a little time to study some of the salient features that a best personal loan must have.
Before we get into all the important characteristics of best personal loans, let’s understand what personal loan is?
Personal loans are a type of unsecured loans designed to meet your personal needs grated by a banking institution, financial company or individual.
Here are some of the most crucial features of the best personal loan:
One of the most important features of a best personal loan is its flexibility. Personal loans, unlike home or car loans, do not impose any limitations on the use of loan amount for a specific use. You can use your loan amount for any personal use you want. From travel to buying gadgets, the money can be used to meet any expense of personal nature.
Disbursement is Quick
Getting a pre-approval for your personal loan must be quick. Generally, a best personal loan provider will check your credit score and eligibility. If you meet all the necessary criteria, the loan is disbursed within 24 to 72 hours, depending on your loan provider. A good personal loan offers instant online loan approval.
The Less Document, The Better
Usually, all personal loans have minimal document requirement. But best personal loans accelerate the process by further limiting the number of documents needed for approval. A good loan provider allows you to apply online by scanning your documents within minutes ensuring you need the help when it is needed.
Minimal Eligibility & Paperwork
Best personal loans have a simple and flexible eligibility criterion with minimal paperwork. Mostly, you need to be more than 18 years of age with Indian citizenship and a stable source of income. The paperwork is minimal which makes the whole procedure swift.
It is quite obvious to be confused in your very first time of applying for personal loan. A good personal loan has a robust customer care department to provide you with all the assistance you might need.
The best personal loans have convenient repaying options. You can have the choice to repay through various repayment options such as online payments, cheques, etc. You can select a repayment tenure that suits you the most. Long repayment tenures will have lower monthly EMIs and vice-versa.
Personal loan interest rates are one of the most attractive things about them making them affordable to all. The EMI remains fixed throughout the entire tenure of the loan. So, you don’t have to worry about interest rate fluctuations like with other loans.
Calculating EMIs can be extremely cumbersome. But when you work with the best personal loan provider, they willallow you to calculate EMI easily. Mostly, on their website. You will get a clear picture of monthly EMIs based on your tenure, loan amount and personal loan interest rate.
A good personal loan also offers tax benefits. It not only gives you the financial support you need but also offers tax benefits. You can claim a deduction as per Income Tax Actif the loan is used for construction or renovation of the home. The maximum amount specified undersection 24B is Rs. 2 lakhs.
The best personal loan requires no collateral. You have to be eligible for the personal loan and have mandatory documents. Thus, your assets are safe in case of non-payment or other such circumstances. Now, that you know all the features of the best personal loan it’s time to get one!
How Brown Kraft Paper Bags Brought Meaningful Solutions to the Food Industry?
The food industry ensures to meet hygienic goals, which include the use of paper bags. You must have noticed brown kraft paper bags usage in restaurants and other food establishments. Kraft paper bags have reached above enterprise expectations as they deliver great solutions. Check out the following facts highlighting the practical results of these wonderful bags!
Ideal Counter Bags To Serve Items
Many times retailers keep the brown paper or white greaseproof paper bags on the counter to serve the items. For instance, you went to a restaurant with a family for dinner. At the time of billing on the counter, you saw packed candies which you would like to purchase. The staff include the candies in the billing and serve the item in a brown paper bag.
Brands are very cautious about their goodwill, and they can’t miss a single opportunity to throw an everlasting impression. Selling small items on the counter served with logo kraft paper bags is one of the brand-building techniques. However, also helping customers to carry the items safely.
Convenient Take-Away Solution
Every business wants to satisfy the customers’ needs. Similarly, restaurants and cafes offer a convenient solution to customers preferring takeaway food. Perhaps, they feel comfortable to carry.
Customers have a positive experience as ideal to carry popcorns, french fries, burgers, fried chips, and other food snacks. Brands like McDonald’s, Burger King, Pizza Hut, Starbucks, and many more use kraft paper bags having logos. The bags look super cool, which attracts customers, and they store them for multiple usages.
Special Attention- Kraft paper bags with handles have made it easy for customers to carry the ordered food.
Keep the Food Fresh
Another solution that paper bags deliver is not deteriorating the fresh food. For instance, you order Starbucks’ black cappuccino, and the order arrives after 20 to 30 minutes. The coffee will still remain fresh and warm. It’s because of paper bags.
Do You Know?
The hidden secret of paper bags is they feature environmental safety. In other words they are environment friendly as are biodegradable. Due to the wonderful quality of paper bags, food brands are cutting off plastic bags as they release toxic gases & chemicals into food.
Plastic bags are much more costly than paper bags. Paper bags are a good option for brands as saving their costs, thus increasing the margin of profits. Surely, it’s a win-win situation as customers are satisfied and the brand earns recognition & drives more sales.
The Bottom Line
The above four facts are the major practical solutions to the food industry. It has helped enterprises to meet their organizational objectives amalgamating with customers’ needs. Customized packaging is a reliable option for brands to coordinate with their brand theme & style.