The cost of education is on a constant upward trajectory, and it looks like school fees are not going to decrease anytime soon. Then how can children receive the best education without burning out all the savings? In that case, loans can help a student study without holding back on the choice of course or college. While various students are now slowly opening up to the idea of taking loans to pursue higher education. Not many of them are aware of what type of loan to choose. Basically, there are two distinct choices when it comes to funding higher education — personal loan and education loan. Let us begin by understanding the primary differences between the personal loan for education and education loan: Personal loans are unsecured loans that can be availed by the students or parents to fund education. The amount, interest, and tenure of the loan will be entirely dependent on the applicant's income, the company he/she is working with, and the past credit score. The unsecured pers...
Every business runs on capital. This need can get further intensified when the business expands or if it launches any new product or service. In such a scenario, a working capital loan can prove to be a convenient way to fulfil business expenses. Generally, a working capital loan refers to the money borrowed from NBFCs or banks in order to fund business operations or pay business bills. Often, businesses don’t have a stable in-flow of funds and have cyclical sales as per the needs of their clients. In such instances, business loans can be taken to keep their operations going. So first let’s discuss what is working capital, and then we will look into some easy ways to raise working capital for businesses! Every business has two kinds of capital: Fixed Capital Working Capital Fixed capital refers to the money used for more substantial investments like equipment or land purchases. And, working capital refers to the everyday needs of operation like paying salaries, restocking inventor...