How to Use a Current Account for International Transactions

0

If you are a business that has foreign trade on its roster, you would need a  current account to make international transactions often. This can include paying overseas suppliers, receiving money from foreign clients, or handling investments abroad.  A current account designed for international use can make these tasks easier. A well-designed current account comes…

Current Account Clarity: Mastering Bank Statement Analysis Like a Pro

0

If you are a business owner, it is highly likely you want to be on top of your finances. Whether you are a sole proprietor of a shop or the owner of a medium-sized business, being aware of the financial aspects of your enterprise is the responsibility of every entrepreneur. Your current account statement can…

Loan Restructuring Vs. Loan Refinancing

0

Navigating the complexities of personal finance can be challenging. When dealing with existing debt, there are two commonly discussed options – loan restructuring and loan refinancing. Both serve distinct purposes and can significantly affect your financial health. In this article, we will explore the differences between loan restructuring and loan refinancing. Understanding Loan Restructuring Loan…

What are Amortised Loans?

0

Whether you are applying for a personal loan or borrowing money, it is crucial to understand how personal loans work. This is especially relevant if you are applying for a loan, which requires long-term repayment. A common term you may have come across when learning about credit and repayment is amortised loans. So, what is…

What is Loan Default?

0

Loans can be a handy way to meet financial needs. Whether it is for an urgent medical expense, or you need to make a large purchase, it is imperative to repay the borrowed amount. Non-repayment of the loan leads to a loan default. But what is a loan default? Loan default is a term that…