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Go for the loan and make sure that you’ve a acquisition strategy before hand. And to some extent even check if the strategy is playing out in real life or not. And then double down with the fresh capital.

Before you take on debt, have you fully explored growth hacking strategies? There might be ways to acquire users at a low cost that you haven't considered. Some ideas: Partnerships with financial influencers Content marketing focused on financial literacy Referral programs Niche targeting (e.g., focus on a specific type of stock trader) Sometimes, clever marketing can be more valuable than more development at this stage.

The psychological toll of founder debt is often underestimated. Are you prepared for the stress? Do you have a support system? Make sure you're taking care of your mental health. That said, your belief in your product is crucial. Just make sure it's based on data and validation, not just passion. Consider setting clear milestones for success and have an exit strategy if those aren't met. Entrepreneurship is about calculated risks, not blind leaps.

Can u please specify the broking rate for equities and options

Before applying for loan, try for grants once.

Firstly ..All the best & What makes your product stand out bro?

In this competitive market, which gap are you filling out. Some discount brokers are offering zero brokerage model. Its very competitive.

Have you done thorough market research? What's the size of your target market? Who are your competitors? What's your go-to-market strategy? Before taking on debt, you should have solid answers to these questions. Also, consider doing a small beta launch to validate your assumptions before scaling up.

Self doubt is common, if you think you will crack it and your product has potential just go for it. What is your usp?

Fin tech sector is really unpredictable even experienced entrepreneur who started their apps but currently their apps are just fullfill play store space or nothing . Can you explain briefly about your app and also please don't take loan at this stage because you don't have your savings to pay off the loan. If your app failed in the market then definitely you face huge dipression and social anxiety .

Believe in your gut Feeling No one knows your application and business better then you So no financial or Market advice is better then your gut feeling

Hi Viral, First of all, hats off for the risk that you are taking. Coming now to your question, there are different types of loan provided under CGTMSE. Some are collateralized, some are not. Some has options of 75% to be paid by the CGTMSE trust, in case of default by you. Check your risk, bank balances, and expenses. Go very economic, efficient and take the decision.

Hi Viral, First of thanks to your courage and dedication for product development. But I would like to suggest that don't take loan right now and don't chase for VC they are not going to help you any way in early stage. VC only help when you need money to scale or you have strong background like IIT/IIM or strong connections. I would suggest you should development product first atleast MVP and start a job in another this will help you money required to run the product. I also have gone through these things so I would suggest taking risk looks good but if by chance it fails you will start suffering to survive your products as money is really important these days as you have heard Nikil Kamat interview on making zerodha in 2024 it's very tough. Rest is your decision. Best of luck for your product.

My point don't doubt your self first. Because if you doubt then fall down. So you already done then focus on day to day for customer review and improvement. Don't take suggest lots of people because opinion comes on different prospective so believe in your self first. And 2nd point if you invest all of your savings is not a good way for start.

I think I understood your risk factor bro.. all you need is great marketing and branding.. the more you reach young people, more it will be better smma and E-mail marketing is better for you to grow. Hire such people who will do it for you.

Try government scheme and then Loan Loan is beneficial but trappy at the same time.

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Bro if u have fully scaled project up and running try seed fund and pitch it loan will it u from inside men

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