Business Loan: 7 game-changing factors that determine your interest rate
3 months, 1 week ago

Business Loan: 7 game-changing factors that determine your interest rate

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Funding is one of the biggest requirements for most businesses to survive or sustain. Hence, if your business comes under priority sector lending, your business loan may get some preference and may come at a lower interest rate than other business loans. A fixed-rate business loan comes at a higher interest rate than a floating interest rate business loan. In a high inflation period, the market interest rates will be high, and hence, the interest rate on your business loan will be high. If yes, the lender may give you the benefit of the existing relationship by offering a business loan at a lower interest rate than other borrowers.

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Personal loan for business: Here are its pros and cons
8 months, 3 weeks ago

Personal loan for business: Here are its pros and cons

Live Mint  

Personal loan for business: Personal loans are usually taken and used for personal expenses but some borrowers may consider taking this type of credit to finance their small business ventures. This is because of the following reasons: Elevated interest rates : Personal loans generally carry higher interest rates in comparison to business loans, which can substantially inflate the total borrowing …

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