Tag: Business Loan EMI Calculator
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Business Loan EMI Calculator – What it is and How to use it?
Financial institutions provide you with various options to repay your business loan. One of the most simple and popular methods out of them is Equated Monthly Instalment (EMI). The gross loan amount is split into equal sums, taking into account the applicable interest rate. These equal sums are to be paid by the borrower on…
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What Documents Are Required To Avail A Mudra Loan?
Mudra or ‘Micro Units Development and Refinance Agency’ loan was launched on 8th April 2015 under Pradhan Mantri MUDRA Yojana (PMMY) scheme. Usually, small businesses and startups are not given loans by banks due to a lack of collateral. This problem is solved by mudra loans given by cooperative banks and non-banking financial companies. Understanding…