Apply For Personal Loan

Loan EMI Calculator

Business Ideas to Start with Small Personal Loans

Business Ideas to Start with Small Personal Loans

Collating a start-up business capital is difficult as who would want to invest in a small business. Local lenders might support a start-up but definitely at a high rate of interest. Now, a business where revenue is unpredictable, taking a loan with high interest is not a good idea. This will only make repayment of EMIs difficult every month. Hence, it is wise to rely on instant personal loan apps such as Simply Cash to avail small cash loans for a start-up venture.

 

There are a variety of trending business ideas both online and offline that one can start with small personal loans. Look for a business that demands less investment and gives more revenue. During the COVID19 times, many have suffered financial setbacks and starting a new business with small personal loan is a good step to restart. Let’s see the available business ideas to start with small personal loans:

 

Start Blogging to generate income. The Internet has opened several pathways to start ventures online. Blogging is a part of digital marketing and has a high demand to improve website ranking on search engines. Create your own blog or write blogs for companies. Use your small cash loan as an investment to become a sponsored blogger.

 

Manage Financial Accounts from your comfort zone. If you are good with numbers, assist businessmen to keep their finances in order. Accounting, book-keeping, salary management etc. can be managed for a professional fee every month.

 

Repair of Laptops and Computers is a good business idea that can be considered with small personal loans. These gadgets are essential daily for work, education and recreational purposes. Also, modifying and upgrading of used laptops has captured a huge market. Invest in the right tools and repair kit that supports your electronic repair work.

 

Deal in Personal Security Systems like CCTV cameras. Installation of surveillance products improves the security of various premises. Whether office or home, CCTV cameras are much needed for safety reasons. Hence, people don’t hesitate to invest in installing surveillance products. It is a highly profitable business that one can start on a small scale.

 

Baking Services from Home is an interesting business idea with minimal investment. Advertise your range of bakery products on social media platforms and get orders throughout the year. Cookies, cakes, waffles, jar cakes, pastries and more! Promote well with mouth-watering pictures to gain maximum publicity of your business.

 

Specialised Coaching Sessions is the need of the hour. This is a great business idea to start with small cash loan. With SSC, ICSE and CBSE boards, there is a lot of pressure on the children to sustain academic brilliance at different levels. This requires private tutors to simplify the subjects, develop skills and encourage self-learning.

 

Salon Services can help you to earn immediately with low investment. Even if you don’t have a place to set up a salon, the beauty services can be given at the customer’s comfort in their home. Who will not love a timely hair cut or a relaxing massage at home!

 

So, you see you can do so much with a small budget business plan. Expand your vision, work on your business idea, hit the right target customers and take off your new venture that has started small but will definitely go a long way.

 

SimplyCash

SimplyCash powered by Hero FinCorp is an instant personal loan app providing cash loans of upto INR 1,50,000 for both salaried and self-employed individuals. Driven by technology and fuelled by innovation, SimplyCash solves instant cash requirements of customers in just a few simple clicks without any physical documentation or meeting. The mobile app is available to users through all popular Android play stores like Google play store, Samsung store, Xiaomi store etc. With one of the most widespread presence, SimplyCash currently offers its services in over 90 major locations in India. Known for a seamless process, instant loan disbursal and transparent pricing - SimplyCash truly lives upto the expectations of being a 'Hero' product.   Note: SimplyCash is a duly registered trademark and is a loan product offered, managed and operated by Hero FinCorp. Hero FinCorp Limited is a Non-Banking Financial Company registered under the provisions of Reserve Bank of India ("RBI") and is in the business of finance and lending.

Accepted Banks:

ICICI BANK LTD HDFC BANK LTD AXIS BANK IDBI BANK STATE BANK OF INDIA PUNJAB NATIONAL BANK YES BANK INDUSIND BANK

EQUITAS SMALL FINANCE BANK LTD KOTAK MAHINDRA BANK LTD IDFC FIRST BANK LTD UJJIVAN SMALL FINANCE BANK LTD BANK OF BARODA TAMILNAD MERCANTILE BANK LTD INDIAN OVERSEAS BANK RBL BANK LTD BANK OF MAHARASHTRA DEUTSCHE BANK AG PAYTM PAYMENTS BANK LTD CITY UNION BANK LTD FEDERAL BANK SOUTH INDIAN BANK STANDARD CHARTERED BANK CANARA BANK KARNATAKA BANK LTD AU SMALL FINANCE BANK LTD CITI BANK BANDHAN BANK DHANALAXMI BANK UNION BANK OF INDIA DCB BANK LTD DBS BANK INDIA LTD THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD DEUTSCHE BANK JANA SMALL FINANCE BANK LTD UCO BANK

Safe & Secure

SimplyCash is managed and operated by Hero FinCorp Limited, and it follows high data and system security standards.

View Details

SimplyCash Insights

Install App
Simply Cash Insights
Useful Links

Copyrights @ 2020 All Rights Reserved Powered by HeroFinCorp Ltd.