Consultancy Ideas You Can Start With a Personal Loan

With the Internet growing significantly each month, everyone is getting new access to hundreds of resource channels. The wise ones are using these channels to come up of an online course or consultancy programs to help many people. Few consultants managed to gain six-figure income while others are scrambling to find clients. If you want to enter the consultancy arena, you can now do so with the help of a personal loan.

Before you launch your consultancy business, you need to run several ideas. Not all ideas will work though, so you need as many as possible. These following ideas can help you get started:

Freelancing and Hustling Guide

Related imageEveryone wants to be a freelancer and a hustler. The few hundreds that can be made from a side gig will mean a lot for many people. If you’re an expert in this area, you can turn your knowledge into a full-bloom consultancy business. Formulate your own freelancing/hustling tactics then share them through different lessons. If you’ve also discovered new platforms, you can share that in your courses.

Specific Skill

Do you have a specific skill that brought in money for years? If yes, then you should make that the focus of your consultancy business. Break down the skill into manageable chapters, then teach them to people. If you’ve also learned secrets, you may include those in your course. The rarer the skill, the better your consultancy will appear. You should also explore other skill-based consultants. Know what they’re offering – then make something better.

Process AutomationImage result for Process Automation

The concept of automation has been around for years, but only a few managed to tap it well. Basically, a consultancy business focused on process automation attempts to make things easy for the client. For example, you developed an automation formula for nutrition. You may repackage that formula and share it with your clients. Crack your mind for automation ideas – there are tons, to begin with!

You should bear in mind that building a consultancy business will take time and tremendous effort. If you manage your personal loan well, you can start a thriving niche consultancy business that might bring six-figure income for years!

Bank Loans that Freelancers Can Get

Since freelancers are quickly getting recognized as successful contributors to all niches, banks and lenders are now extending their full support. Today, you’ll see more loans geared towards freelancers and they’re offered at a rapid pace. If you’re looking for a specific loan for freelancers, metrobankdirect can definitely help you.

Here are the top 3 loans that banks usually offer to freelancers:

Personal Loan
Image result for Bank Loans that Freelancers Can GetThe personal loan is the most popular type of fast cash loan nowadays. Around the world, personal loans are offered frequently with varying amount ceiling and interest rates. Money Lender Singapore have also expanded in Facebook, reaching out to thousands of employees and freelancers. Since a personal loan lender won’t be too strict regarding your reason for application, you’ll have an advantage. On top of that, personal loans don’t have high monthly fees. To find the best bank for personal loans, simply scour Facebook. Every day, hundreds of Facebook users are leaving their remarks about the best and worst banks.

Auto Loan
Image result for Auto LoanMany freelancers want to get their own cars. However, due to money constraints, the dream has become almost impossible. To resolve this, banks issued out numerous auto loans for freelancers. Just like personal loans, car loans singapore are popular because the monthly fees are manageable. A caveat: not all banks have moderately low rates. Some banks have high premiums for the cars that they’re offering. On a better side, you can gain more advantage from approaching banks rather than car dealerships.

Holiday Loan
Image result for Holiday LoanAre you planning to go on a vacation but your insufficient budget stops you dead on your tracks? Now is the time to get a foreigner loan from a bank! This is a flexible type of loan that has a smaller amount bracket (some banks have higher variants, though). Just like a personal loan, you have to settle for monthly fees. As a freelancer, you need a vacation to avoid being burnt out. Bank-issued holiday loans can solve that dilemma.

As a freelancer, you’re not limited to these 3 loans, you can also opt for bdo credit cards if you are keen to slowly build your credit score. In the future, as your credit rating builds up, you’ll be able to apply for other high-volume low income loans. Visit a reliable bank today and start applying for the loan you want!

3 Instances When Personal Loans Won’t Work for You  

Personal loans are so advantageous that many people sent their applications to the world’s top lending firms. While personal loans still have strict requirements, they are less strict than other bank-issued loans. If you’re planning to apply for a personal loan, you should bear in mind that there are some instances when these loans won’t work for you.

What are these instances? Read on.

When You Don’t Have an Income Stream
Obviously, loans are meant for people who have jobs and sources of income. If you don’t have any, do not apply! You’ll save yourself from stressful days and there’s a big chance that the lender will deny your application anyway. Instead, you should work on gaining an income source. It could be a job, a service, or anything legal that you can get your hands with. There should be no excuses since the Internet has hundreds of platforms that you can check out.

When Your Documents Are Not Enough
 Image result for incomplete documents for loanSometimes, even if you have an income stream, money lender singapore can still deny your application. This could be because of your insufficient documents. So, you should work on this. Secure as many documents as you can before applying for any loan. Some lenders are contented with government-issued IDs while others need formal documents that can back up your income sources. By getting many documents, you’re effectively hedged and the lender can trust you more.

When You Have Poor Loan Management Habits
Image result for Poor Loan Management HabitsHave you tried applying for a loan before and ended up running from the lender? In that case, you have poor loan management habits. Almost every borrower has this problem anyway. If you’re aware of your problem, you should start making a plan. Adhere to your plan so that you can repay your loan on time. More importantly, you should keep your finances stable so that you won’t have to rely too much on loans.

The aforementioned instances won’t stop you from applying for a personal loan. However, the loan may backfire because some conditions are not up to par. You may end up paying for penalties or getting hounded by persistent creditors and collection agents. Still, the choice is yours!

DIY Projects You Can Do After Getting Your Personal Loan

DIY projects are useful for anyone. Not only these projects can improve creativity, but they can also be valuable around the house. If you have the ‘itch’ to make projects but you’re short on cash, you should consider getting a personal loan. A personal loan will help you secure the materials needed, so you can focus your time and energy on the actual creation process.

Check out some of these interesting DIY projects for your home:

Custom Playpen for KidsImage result for Custom Playpen for Kids

Your kids are very precious, so you should always think about their happiness and well-being. By making a custom playpen for your kids, you can make them entertained and happy at the same time. Making a custom playpen can be easy or difficult, depending on the theme and the materials that you’re planning to use. If your loan is sizable, you should try out wonderful themes!

Indoor Gardening System

Image result for Indoor Gardening SystemThis idea requires careful planning and execution. Indoor gardens are tricky to build and maintain because they require adequate supply of sunlight and water. The plants that you’re going to include will also matter a lot. Only few selected plants can survive indoors, and you need to look after them carefully. If you pull this off right, an indoor garden can be a source of relaxation. Alternatively, you can raise plants for indoor cultivation as well. This project requires a large budget, so you should look for a lender that can offer you a high loan bracket.

Item Restoration

Image result for diy Item Restoration homeDo you like the idea of restoring old things to their full value? How about customizing their things so you can sell them for higher worth? If you like restorations, then a handy money lender singapore can help you complete multiple projects. Restore that old jukebox so you can spice up your home. Fix that pinball machine or that old-school ice cream maker. The possibilities are endless for restoration projects.

Do you have any other projects you want to add in this list? No one’s stopping you! Add your project ideas so that you’ll have creative things to do all year round. If you need additional loans for those projects someday, send your application to a reliable lender right away.

Fool-Proof Methods to Evaluating a Lender

Evaluating a lender is the best move that can save you from future episodes of stress. Rather than choose the services of a substandard lender, a simple evaluation can help you pick the best option in the lending industry. If you need to evaluate a lender today, you can try out some of these popular tactics:

Analyze Facebook Reviews

Related imageFacebook reviews offer very important data points because they’re unbiased, objective, and filled with emotions. If a borrower is dissatisfied with a lender, he’ll make a negative review on Facebook right away. This review can help you assess if the lender can be trusted or not. Don’t just settle for one review. Analyze various review pieces so you can have a better decision.

Search the Lender in Online Directories

Online lender directories are reliable because they present objective data, along with other useful details. Some of these details include interest rates, lending parameters, and the full amount that you can get. Sometimes, lenders in these directories will also have reviews that you can assess. Since a payday loan directory can have a long list, just pick the top five options. This will help you save time. You also need to remember that online loan directories are filtered according to location. Include your location while searching for a directory. This will magnify the chances of finding a good licensed money lender singapore.

Examine the Lender’s Website

If all evaluation sources fail, you should go directly to the lender’s website. This will give you a general ‘feel’ about the website. Once you find out that the rates are not good, it’s time to pick another lender. You can also see the initiative of the lender through the extra content included in the website. What if the personal loan lender has no website? Look for a new one. Without a website, the application process might be slow, unless you know that lender personally.

By applying these simple yet fool-proof evaluation methods, you can gain an advantage over your target lenders. Just remember to create a well-detailed loan management plan so that you won’t end up paying late fees for the loan. If you miss out a payment term, any advantage you gained will be nullified!