Have you ever wondered why you pay interest on a loan or earn interest on your savings? It all comes down to interest rates. Interest rates affect everything from mortgages and auto loans to the financial activities of businesses and governments. When you borrow money, you pay a fee to use it for a certain … Read more
Micro, small and medium enterprises are important to the country’s economy, promoting innovation, creating jobs and contributing to the gross domestic product. MSME loans provide funds needed to expand MSMEs or carry out day-to-day operations. However, the cost of these loans depends on the interest rate, which affects the financial health of MSMEs and their … Read more
When it comes to growing your business, whether it’s launching a new venture, expanding operations, or managing your day-to-day expenses, securing the right financing is essential. One of the most common ways to do this is through a business loan. However, the actual cost of borrowing relates not only to the loan amount but also … Read more