Finance and Investment

A working capital loan calculator is basically an online tool which helps to calculate the exact EMI that the individual has to pay post availing a working capital loan. One of the major benefits of working capital loan calculator is that the individual gets to know the exact EMI amount towards the loan repayment. Also, it helps in selecting the correct loan amount that you have to apply for, choose a proper tenure, and exact EMI that you have to pay each month. Knowing the amount in advance will help to make your financial decisions tactfully. What is the formula used for the online working capital loan calculator? The working capital loan calculator works on a simple formula i.e. E = P * R * (1+R) ^N / ((1+R) ^N-1) Each variable stands for something. Following is the explanation for the same: R = Rate of Interest P = Principal Loan Amount N = Tenure of the loan, offered in months E = EMI The applicant can choose the loan amount required after successfully d

There can be no denying the fact that one has to fulfill certain eligibility criteria for availing MSME loans. Some of the important MSME Loan eligibility criteria that one must fulfill for being eligible for availing MSME loans are discussed below. A comprehensive business plan: One of the prominent criteria for availing MSME loans for any new business.  A registered business: It is a must whether you are an experienced entrepreneur or someone who has just joined the market. Registration of the business is an absolute must for qualifying for any government plan or for any MSME business loan . Profit and loss statement: For existing businesses, it is important as these are clear pointers towards the fact that how well the business is managed before the funds can be disbursed. Previous year’s ITR: These are important documents for they reveal your taxes. Lenders go through them carefully to see if the applicant has paid all his taxes. Good credit history: This showcas

With time traditional bank loans have become costly therefore, the lenders are coming up with new options to allow meeting intermediate cash flow requirements of customers. A loan against shares is one such facility that is provided by banks and NBFCs against certain securities owned either by the borrower’s relatives or the borrower himself. For instance, if you are provided with a loan against securities of worth Rs. 2 lakhs and in case, you withdraw Rs. 50,000 and deposit the money back into account within a month. In that situation, you will be charged interest for just one month on Rs. 50,000.   Some of the steps to be followed are mentioned below: In order to avail loan against shares, all you got to do is fill the application form with personal details of the borrower and of securities to be undertaken. The documents required for the loan against securities are identity proof, address proof, signature proof, IT returns of concerned company/proprietorship/partnership