Understanding the distinction between fixed capital and working capital is essential for a business owner to ensure the smooth running of the business and effective management. These two forms of capital serve two different purposes, but they are interconnected to…
A term loan is a type of financial borrowing where the borrower gets a lump-sum amount and repays it in the form of instalments over a predefined period. These loans are important for small businesses as they provide access to…
Education is the base of progress, and empowering the youth of India with quality higher education is crucial for the country’s growth. However, for many hard-working students, a lack of funds can pose a significant challenge in pursuing higher studies.…
A loan against an LIC policy provides a viable financial solution for policyholders seeking to access funds without liquidating their investments. This secured loan option allows individuals to borrow against the surrender value of their life insurance corporation (LIC) policy,…
In the time of emergencies, the person requires immediate access to the funds. Emergencies like unexpected medical expenses, home repair, and educational expenses require sudden cash flow. During these times of cash crunch, the person wants hassle-free access to funds…
Agricultural land loans are one of the leading loans taken up by farmers or landowners for their land. Several leading banks and financial institutions offer mortgages on agricultural land. This loan can be used for several purposes, like farming or…
Knowing about personal loan management could be daunting, but understanding your Equated Monthly Instalment (EMI) will help you stay on top of your finances whether you want to deal with unexpected costs. An EMI calculator simplifies your process and allows…
An MSME certification is important for all small and medium businesses, providing you with great opportunities and benefits. Having accreditation through MSME registration, businesses can avail themselves of many schemes offered by the government, such as subsidies and financial aids,…
What is the Debt Avalanche Method? The Debt Avalanche Method is a debt repayment strategy that entails paying off debts with the highest interest rates first while making minimum payments on all other debts. You save money in the long…