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

Whether it is about buying a home, already owning one, thinking of moving house or just getting a second real estate property, a home loan is the perfect solution for all the problems. A home loan is a long term commitment. Before applying for the home loan process, it is important to analyze your total eligibility, which mainly depends on your repayment capacity. Ensure that the home you are buying also meets a certain criterion. Here are a few things buyers need to check before applying for a home loan : Information The foremost thing to keep in mind is the location of the property you are planning to purchase. Buyers need to understand whether the property they are buying is good enough, the builder has a good record in terms of successful delivery or the builder has all the needed permissions. Home Loan Interest Rate Before applying for a home loan, it is essential to compare the home loan rate of interest of at least 4-5 banks. Always opt for the cheaper one

Capital, undoubtedly, plays a major role in fostering any business. However, arranging finance for business promotion or for any other need pertaining to business might not be easy on occasions. It is here that unsecured loan comes into play and ensures that entrepreneurs do not suffer for lack of funds. The value of unsecured business loan is therefore firmly established. Unsecured Business Loan in India – Advantages Galore The advantages of unsecured business loan are many. For starters it is collateral-free. Yes, you would not have to pledge any collateral if you intend to avail unsecured business loan. However, as an unsecured loan does not involve any collateral it poses some element of risk for the lender. This explains the reason why the interest rate levied on the unsecured business loan is higher than secured business loan. It is also not as easy to avail unsecured business loan. Loan tenure of unsecured business loan is also shorter than secured business loan.