Thus, companies attempt to minimize their days inventory outstanding to limit the time that inventory is sitting in their possession. A Working Capital Loan calculator will aid in structuring your loan tenure and duration.How to Calculate Days Inventory Outstanding (DIO)?ĭIO, or “days inventory outstanding”, measures the number of days required for a company to sell off the amount of inventory it has on hand. With varied options of Working Capital Loans available, you have the option of choosing the one most suitable for your business. No need to interrupt your daily work and step outside just to avail yourself of this loan. Your loan is approved quickly, and the funds are credited to your account in no time. Poonawalla Fincorp's online processing facilitates easy access to Working Capital Loans. The benefit of quick loan disbursal helps to eliminate delays in your accessibility to funds. You get the flexibility to use the funds as you prefer, provided they meet your operational needs and increase revenue. Online loan applications and fast processing help businesses in this context. Quick sanctions offered by Poonawalla Fincorp on their Working Capital Loan, ensures that you access capital as fast as possible. You get instant funds to tide over your short-term financial crunch without having to pledge personal or business assets. This means that you don’t need to spend precious time trying to arrange for collateral to access the capital that you require. Working Capital Loans are unsecured loans. Poonawalla Fincorp offers up to ₹50 Lakh as Working Capital Loan so that you can receive all the assistance that you need to ensure the smooth, hassle-free functioning of your business operations. Without adequate working capital, no business can ensure the smooth running of its operations. Following are some instances when businesses may feel a strain on funds to meet their operational needs:įollowing are some of the major features of Poonawalla Fincorp’s Working Capital Loan: Higher loan disbursal amounts Most businesses may face emergencies or fall short of funds for some periods of the year, and at such times, the Working Capital Loan facility can come in handy. The loan helps businesses fund their operational needs for the short term. Working Capital loans are funds borrowed from a lender for a short period. Additionally, you may need to pay a small percentage of the loan amount upfront by way of a processing fee. The Working Capital Loan interest calculator will give you an idea of your monthly interest outgo. Repayment tenure: The longer your repayment tenure, the lesser is your EMI while the shorter the repayment tenure, the higher will be the EMI amount.You may also want to check the penalty on loan prepayment if any. Thus, always look closely at all terms and conditions while availing of a loan, and don’t let low-interest rates be the only deciding factor. At Poonawalla Fincorp, we give you the most competitive interest rates and are transparent about all costs associated with your loan. Interest rate: It is a vital factor in deciding your loan EMI.However, the repayment tenure of your loan will also impact the overall cost of your loan. Amount of loan: The higher your loan amount, the greater your EMI, and vice versa.
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