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How EMI calculators help you repay your loans on time and improve your credit score

Nowadays, almost every person’s monthly balance sheet reflects a long list of expenses which includes a considerable number of EMIs. The ever-helping facilities of banks and other financial institutions allow the customers to fulfill their needs easily. Various types of loans and credit cards are available in the market which is heavily used by people given the security and reliance that these facilities come with. The only thing that bothers all of everybody is managing the EMI payments. This is a task that becomes stressful and tiring in the long run as calculations are complex and time-consuming. For this purpose, you can use an EMI calculator that is easily available online free of cost. To know more, read the details mentioned below that would help you understand how these calculators can not only help you in repaying your loans but can also improve your credit score.

What Is An EMI Calculator?

An EMI calculator is an online facility provided by many companies that offer financial services that can be used free of cost by the consumers. All you need to do is access the calculator through the online portal of any company that provides this service and in a matter of a few minutes you can get your job done. The details you need to provide includes variables like the principal amount, interest rate, type of loan, and the exact tenure. There are many types of EMI calculators such as:

  • Personal Loan EMI Calculator
  • Car Loan EMI calculator
  • Home Loan EMI calculator
  • Education Loan EMI calculator

So depending upon the type of your loan, you can use any of these calculators to do the complex calculations easily.

How Is It Used?

You can use an EMI calculator by following these few simple steps:

  • Visit the website of any EMI calculator provider and click on the “use calculator” tab.
  • Enter the details required like loan amount, loan type, loan period, and interest rate.
  • Click enter or “calculate” tab.

Once done, the screen will display the results which include EMI payable, total interest payable and total amount payable. An EMI calculator is as easy as this to use.

How Does It Work?

The loan EMI calculator works based on the given formula:

EMI = P * (r*(1+r)n)/((1+r)n-1) where,

P stands for the principal amount, R stands for interest rate and ‘n’ stands for the tenure.

How Can It Help In Improving Your Credit Score?

Every loan bearer and credit cardholders are well aware of the significance of a good credit score. For availing any form of credit from banks or other financial entities, one needs to possess a good credit score which is used to assess the credibility and loan repayment ability of a borrower. Therefore, it is very important for you to maintain your credit score as the higher it is the better will be your chances of availing loans and credit cards. An EMI calculator helps you in calculating your EMIs efficiently which in turn assures accurate payments. Also, by using this calculator you can plan your future expenses and make sure that your payments are not missed or bounced. This way your credit score is not hampered and you can build a stronghold in your financial payment records.

Regular and accurate repayment of EMIs is very important for every borrower in order to maintain a good credit score as well as avoiding penalties or fines for late payments. Not every one of us is comfortable with the complex mathematical calculation of EMIs and therefore, it is better to use an EMI calculator for accurate results. The benefits of it can be availed free of cost and at the convenience of your smartphones or computers.


A 4-point checklist for applying for a travel loan

Every person wishes to take at least one vacation every year to destress himself from all the chaos and pressure of the hectic modern lifestyle. The exotic locations, serenity, and calm of the famous holiday destinations attract almost every one of us. After all, who does not want to enjoy some quality time with friends and family away from the rush of the metropolitan cities? However, most of us cringe upon the thought of traveling to such places after looking at the price of travel packages. Travel goals sound exciting but are not possible for everyone who has a limited monthly income.

Well, one can easily finance his travel with the help of travel loans that are being offered by the banks. Travel loans are a type of personal loan that can be availed by going through a simple and hassle-free procedure. For more information about how it works, read more.

So, what are the things one needs to know before applying for a travel loan? The answer to this question is described in a 4-point checklist that is given below.

Make a budget and a proper plan

The first thing to do before applying for a travel loan is to make a budget and a plan of vacation. In general, people forget to do this while planning their vacation and end up spending much more than required which burns a hole in the pocket. This should not be done if the vacation is to be financed by a travel loan. So, make an estimation of the total amount needed including tickets, hotels, traveling, food and shopping. Otherwise, one can end up spending more than the loan amount which can worsen his financial balance.

Check the eligibility criteria

Although different banks have different eligibility criteria for providing loans, the basic requirements are pretty much the same. So, one must go through all the loan offers available in the market, check the eligibility criteria of preferred banks and then prepare a file of the required documents. The general criteria include 21 years of age, salaried professional, a good credit score, previous credit records, defined minimum salary, etc. All these details are available online websites of banks so checking all these beforehand can save time and effort.

Browse the market

Interest rates on travel loans vary from bank to bank. These loans are a type of unsecured loan and therefore, the interest rates are much higher than other secured loans. However, one can save some money if he chooses the right loan option that is most economical with lower interest rates. Therefore, researching the market well and considering all the features of available loans thoroughly before choosing one is always beneficial.

Apply online for loan approval

Last but not least is the loan application. Once a preferred travel loan option is chosen, one can apply online for the loan approval from the bank. The loan application is simple and the processing usually takes 2-3 working days. Nowadays, few renowned banks also provide the facility of online documentation through which one can submit all the required documents easily. So, one can avail a travel loan conveniently in a matter of a few days.

From the above checklist, it can be concluded that travel loans are easy to avail and a very reliable option for financing the much-needed vacation. Most people either drop the idea of visiting their favorite destinations or try to save money until they can afford to go there. But saving sufficient funds can take years and uncertainty of the future is hard to rely upon. Therefore, it is never too late to apply for a travel loan and tick the exotic destinations off the buck list.

Food Exhibitions

How Food Industry Businesses Benefit From Food Exhibitions

Keeping up with various food trends is important if you want your food and beverage business to be successful because this is one industry that is changing continuously. The more you keep up with the changes in the food industry, the more prepared you’ll be to implement those changes so that your business will continue to grow and thrive. All of the latest food trends 2020 are easy to find with a good exhibition because this is one of the main advantages of attending one of these events.

Made to Help You Keep up with the Trends

A good exhibition helps you keep up with all types of food industry trends, both major and those that seem less significant. Since there are usually vendors from all over the world in attendance, you can find out what is going on in your industry on a global basis, and each one of these suggestions can help you grow your own business once you get home. Current food trends are sometimes difficult to keep up with, but instead of reading about them in industry magazines, it makes it much simpler to talk to people in person and learn about them so you can find out about these trends right away.

Accurate Information Is Important

Exhibitions also help you get accurate information on the latest food trends in your industry because you are speaking directly with people who work in this industry and, therefore, you’ll know the information is correct. A direct connection to people who work day in and day out in the food and beverage industry is one of the best ways to stay current and up-to-date with food and beverage trends that seem to change with each passing month. These exhibitions make it fast, simple, and very convenient to learn what you need to know to be a success.


Essential Terms

A Look at Some Essential Terms Related to Sound Testing: What You Should Know

Everyone involved in the building and construction industry and almost everyone who has undertaken a building and construction project of their own will have heard of sound testing, which is also known as acoustic testing, soundproof testing, or sound insulation testing. The importance and relevance of such a test can’t be denied as it ensures that you follow building regulations set forth for England, Wales, and Scotland in your building project, and when the building undergoes the test and passes it, then you can proceed with your construction project without having to worry about compliance. But sound testing is a highly technical procedure and, as such, it comes with some terms which the average layman may not be entirely familiar with. Here’s a look at some important terms related to sound testing: what you should know.

  • Sound insulation

As you may already know, sound can be easily transmitted through floors and walls by mere vibration. The vibration created can then generate or create sound waves with a decreased intensity in an adjacent area. The sound passing from one room or area to another area or room within the same structure or building is called sound transmission.

The Sound Reduction Index or Transmission loss, also called R dB, is the measurement of how effective a floor, wall, door, and other barriers can be when it comes to restricting sound passage. The transmission loss will vary depending on frequency, and the loss can also be greater when it is at a higher frequency. The unit of measurement for sound transmission loss is referred to as the dB or decibel. The higher a wall’s transmission loss, the better its barrier function to the passage of unwelcome noise.

There are also two kinds of sound insulation in a structure: impact and airborne.

  • Airborne sound testing

Airborne sound testing is done as part of an acoustic testing procedure to test the sound that is being transmitted or transferred through the air, mostly from conversations between individuals – in other words, through speech that travels through the air. The test is done with the use of a special omnidirectional speaker in a room that produces a high level of sound. This speaker is built to radiate the sound through all directions in a uniform manner, which then allows the testing personnel to achieve the proper measurements of insulation as well as reverberation time in the area.

  • Impact sound testing

Impact sound testing is done for flooring, and it tests the impact of sounds such as footsteps between two areas. The impact sound test is built and developed to test the effects of different kinds of impact on the floor. With this test, the experts make use of a calibrated tapping machine, and the machine is set up on the floor of an upper-storey room. The level of sound pressure is then recorded in the ‘receiver’ room or area, which is right below the flooring of the original room.

The compliance experts who do the testing for your building and construction project should be using British Standards when performing their tests, as the standard will properly identify their testing method and ensure that you are in compliance as well.


What you should know about Downhole Tools Market

Rising E & P activities in deep-sea beds associated with drilling and completion efficiencies result in the maximization of production rates by industry participants. This, in turn, has worked in favor of the market.

Ongoing demand for technologically advanced tools that function optimally in high-pressure and high temperature (HPHT) conditions, for enhancing the penetration (ROP) is also anticipated to stoke the growth of the market.

The companies are continuous that specializes in developing new technologies to sustain the competition and also to reinforce drilling activities with higher ROP and minimal cost involvement.

Significant oilfield developments in Texas, Gulf of Mexico, and North Dakota, coupled with supportive governmental regulations for unconventional hydrocarbon reserves, are projected to boost the market growth.

Ongoing technological advancements for E & P activities are poised to be one of the primary growth stimulants for the market.

High-capital investments for new product development, coupled with risk factors related to their ability to withstand extreme operational environments, are likely to inhibit the growth of the market.

Nevertheless, the leading market participants are focusing on curbing costs and optimizing operational efficiencies with funding from numerous publicly-traded companies.

Product Insights

Based on the product, the drilling tools segment is expected to dominate the market through 2026. The growth of the segment can be attributed to heightened rates of drilling activities in various economies such as Argentina and Colombia.

This is further supported by recommencing onshore drilling in countries such as Libya & the Republic of Congo, new drilling project startups in Qatar and China, and increased drill bit sales in Algeria.

The global marketplace for handling tools and flow & pressure control tools is additionally estimated to witness substantial growth over the forecast period due to their increasing applications within the production phase.

These tools are useful in addressing several challenges, such as extreme depth, high temperatures, and pressure differentials associated with producing formations.

Application Insights

Based on application, the downhole tools manufacturers have been segmented into good intervention, drilling, production & well completion, and formation and evaluation. The production & well completion segment is anticipated to carry the most important share within the market, followed by good drilling.

By 2026, the demand for equipment required in well drilling applications is estimated to be over USD 1.43 billion.

The growth of the formation and evaluation segment in North America is driven by the advent of advanced evaluation technologies such as radiology and logging while drilling. The market for formation and evaluation in the Asia Pacific is poised to expand at a CAGR of 4.4% over the forecast period.

Regional Insights

Revenue generated by North America increased marginally by 1.3% in 2017 as compared to 2016, as a result of enhanced land activity and partially offset by lower foreign revenue.

Also, recommence of several shale plays in the U.S. during the last few years, assisted by key participants, provided a great impetus to the growth of the market in the region.

European countries such as the U.K. and Norway are likely to witness high development, especially in offshore basins, owing to increased deep-sea drilling activities in the North Sea.

Furthermore, recent developments in offshore activities such as rising oil production in various economies such as Iran and Qatar are expected to spur the offshore E & P in the Middle East over the coming years.

To implement various new downhole tools technologies, operators have been focusing on countries in the Middle East and North Africa. Global players are also exploring new horizons for gaining higher profits from the rising supply of crude oil in the region.

For instance, in the Middle East, increased demand for advanced downhole technologies has allowed Halliburton to build a leading position in project management, grow its market share, enhance ROP, and lower the value of drilling wells.

Downhole Tools Market Share Insights

The market is marked by the presence of key multinational players actively engaged in mergers & acquisitions, technological innovations, research & development, and partnerships to improve their dominance over competitors. 

Furthermore, companies such as Halliburton, Schlumberger, and Weatherford International have invested in expanding their production capabilities to enhance their portfolios and regional presence.


Why Should You Work with a Business Advisor While Buying a Business?

Acquiring a company is a stressful task. You will have a lot of pressure from the moment you decide to buy a business, till the time you have researched all about the company and finally concluded that you could actually make a profit with it. Not to forget the paperwork and legal obligations after that.

These are some reasons as to why you should go through a list of business advisors before buying a business.

They Will Find an Appropriate Business for you

Small Businesses for sale near me.‘ ‘Companies to buy.’ These are some of the most searched Google keywords for people trying to acquire a business. 

Generally, the internet has very little information on businesses available for purchase. The data you can personally accumulate is very little when compared to the things you need to know before deciding that investing in the business is a good idea.

Furthermore, it isn’t very practical to buy a company without professional advice. You will have to consider many factors before making a purchase; for example, the current profit margin, the market condition, legal compliances, investments you will need to make after buying the company, and many more. A business advisor can help you with all of that.

They Will Keep the Acquisition Process Confidential

The problem with letting the news out about company buy over or sell over in public is that it may affect the thinking of the customers. The customers may perceive the company to have failed, and as a result, some may be reluctant to buy from a new seller. Moreover, competitors can capitalize on it during the moment to overtake you.

Business advisors can act as brokers, helping your complete the deal without public knowledge.

They Will Help You Negotiate for the Best Price

Sometimes, you may pay more than the actual worth of the business. On the other hand, you may think that the current price is very high, without keeping into account the way the business has been scaling and growing exponentially in the present time.

Business advisors can evaluate companies based on their current profit, growth statistics, future promises, etc. to help you get a reasonable price.

Bottom line: It is almost impossible to buy a company without the help and thorough analysis of an expert. Therefore, it will be better to look for skilled business brokers first if you are considering to buy small companies for sale. 

Your Business

Buy Or Hire Storage Containers For Your Business

Storage containers are a lifeline for many businesses. Starting from construction, real estate, hospitality to tourism, they have utility for all these industries. The containers are available in different shapes and sizes. One of the most sought after sizes are 8ft, 10ft, 20 ft and 40ft. As the demand for these storagecontainers increases with every passing day, the supply side is also gearing up. Now you can buy or hire these storage containers sitting comfortably at your place. The vendors who rent out these containers also offer shipping and installation services. You can ship these containers across the country.

Hiring v/s buying

The answer to the dilemma of buying versus hiring lies in utility. If you have limited utility, only looking for a temporary solution, then it’s good to lease storage containers. At the same time, if you need these containers for a longer period of time, then leasing can be a costly affair. Because you are not creating an asset for your business, yet you continue to pay the rent. For permanent needs, it’s always a good deal to invest in these storage containers. Also, they have good resale value. The depreciation is very minimal. So, if a situation arises, when you don’t want them anymore, you can easily resell them in the market.

Determining utility

When you talk about hiring or buying storage containers, there are many variables involved. To make the most out of them, you have to be sure about their utility. Once you are certain about their utility, then only you can extract value out them. The size and pricing are decided by the domain of their deployment.

  • Self Storage: If you want these storage containers for personal use. You have stuff that you want to keep out of your property. Then you both the options open for you. Depending upon the use, you can buy or lease these containers. You must get a rough estimate from the vendor about the size ofthe container that you need. The probability of a layman erring at analyzing the size container is very high. So if you don’t consult, you might end up paying more.
  • Storage Containers for Construction Industry: For the people working in the building and construction Industry, storage containers play all-round roles. As all their projects are long hauls. They need a cost-effective solution onsite, to setup an ecosystem to run their business effectively. That’s when these storage containers come very handy. They can be used site offices, lunchroom, change room, restroom or any other onsite need.

The value you are looking for is a function of utility. That’s why determining utility and making an informed decision based on that is key.

Online Grocery Business

Things That You Need to Start an Online Grocery Business

In a world of consumerism, an increasing number of individuals are seeking for ways to shop without sacrificing their comfort. That is why entrepreneurs and business owners decided to take the risk by launching an online store.

If you gave this light of day just a couple or so decades ago, people would probably have laughed or expressed their doubt. But with today’s fast-paced lifestyles, there is increasing numbers of consumers that you can cater to each year. So if you have plans of launching your online grocery store here are some tips that you need to remember.

Find out more about your target market

Being able to determine your target market can play a massive role in the success of your online grocery store. You need to identify who are the people that will most likely patronise your business. Will it be homemakers, working class, middle class or senior citizens? Determining your market only takes a short while with suitable research.

Consider delivering to more areas

If you want to make gain, maximising loyal customers make things easier for them by providing groceries that are packed safely. You can deliver their grocery purchases in white postal boxes delivered right to their doorsteps. It would be best if you could expand your services to more areas to encourage more people to shop for groceries on your website.

However, you should remind clients that fresh produce like meat, fruits and vegetables can be delivered within short distances only. You can also allow your customers to shop online. You can also offer customers the opportunity of delivery to their home or, if they prefer, use a ‘click and collect option.

Work with other local grocery stores

You can build partnerships with other local stores that would allow you to offer more variety of products and cater to a bigger consumer market. You can easily ask for their assistance in case you run out of stock products This is a win-win situation for you and other grocery owners. Both parties can earn a decent profit at the same time you are helping each other establishments increase daily sales.

Hire reliable staff help run the business

If you are handling multiple orders daily, perhaps you may need to hire additional staff to process client orders. Also, there should be a designated staff member that will take charge of delivering all goods within a specific time frame. Make sure that all of your delivery personnel have their means of transportation so they can perform their tasks efficiently.

Finally, it is essential to work only with reliable wholesalers. The last thing that you would want to happen when you have an online grocery store is to run out of goods to sell. If this would be the case, there is a chance that you may lose clients as a result of not reaching their expectations.

Although there are many wholesale companies and manufacturers that are willing to supply your business, you still need to screen them carefully. Suppliers should be reliable and resourceful. Do not place your eggs all in one basket. Spreading risk keeps suppliers on their toes.

Installing ATMs

The Process of Installing ATMs in Your Shop

If you wish to install an ATM on your business premises, you should consider numerous factors before you make up your mind. The idea is to learn about potential options that you can choose as well as how to find the perfect company for your requirements.

You can easily find numerous vendors, including Puloon ATMs, so that you can get affordable and effective choices along the way. The idea is to follow the information that will affect your decision, especially since you can find numerous options available on the market.

The most common reason why businesses choose to purchase or lease a machine is that numerous customers entered the store and asked for the closest one. As soon as you send them across the street, it means that they will not enter inside to become your customers.

Instead, they can choose your competitor, which is terrible for the business. If that is something that happens regularly, it means that you should get your own, especially since this decision will help you increase the overall revenue and generate a more extensive base of frequent customers.

However, it is challenging to start. Finding online resources is highly overwhelming, and you do not know which one is the most reliable and trustworthy. That is the main reason why we decided to present you witha particular guide that will help you along the way.

1.Determine the Location

Even though it sounds convenient, location is the most crucial consideration while determining whether you should install it or not. If around your establishment, people are passing over in search of cash dispenser, it means that you should do it yourself.

The best places include drinking establishments, hotels, convenience stores, as well as the area that depend on cash instead of card transactions.

We can differentiate these location classifications:

  • First Tier – Locations such as large venues or with hotels that come with more than three hundred rooms, gas stations that are overcrowded and busy convenience stores
  • Second Tier – Medium-sized hotels, busy and large drinking establishments, hospitals, condo buildings, and other similar businesses
  • Third Tier – Locations near the small hotels outside the urban areas, restaurants, and bars

2.Find the Best Option Possible

If step one is something that you agreed upon, and if your location is in first or second-tier locations, it means that you will get a large crowd all around you.

You can find different placement programs depending on your location, which will provide you a possibility to get an ATM free of charge.

Of course, if you cannot meet the requirements, it means that you have to do it yourself without sponsored installation and maintenance, but you will obtain the profits from fees and other income that will help you boost your business.

You can choose these options depending on your preferences and other factors:

  • ATM Placement – In case that you are located in the high-traffic area that requires a machine in the surrounding, you can find an independent operator that will provide you everything as well as cash loading free of charge. Of course, you will not get the profits from fees, but generally, you do not have to pay for anything. The operator will purchase the machine, install, place the cash inside, and maintain it along the way. The full-service placements include the completely hassle-free and hands-off programs that do not require any commitment from you. It is a great option that you can qualify if you are in the first or second-tier location, which will help you reach more customers that will have cash with them to use your services, among other things.

As soon as you enter this particular website: you will learn the latest news about automatic teller machines.

  • ATM Partnership – On the other hand, you can also choose to earn money from fees and place the cash inside when it needs it, but you do not have to purchase the machine, which requires a significant amount. The partnership model means that the operator will manage and purchase the machine and split the revenue by using a 50/50 split. Since you will not have initial investment and commitment, you will earn money, and the only responsibility will be to load the cash inside the machine.It is a popular solution for new services and businesses because the machine will help you reach more customers than before.

An Overview on How to Create Your Product Packaging

In the world of business, the packaging is everything. It keeps everything organized and makes things easier for you as a business owner to promote your products. Of course, designing your packaging is not the most straightforward task in the world. It can be so overwhelming that you also have to consider many different things before you can create it. 

Luckily, there are services like Product packaging Australia that can do all of this for you. On the slight chance that you are just starting but don’t know where to start yet, then you have come to the right place. Here, we will be giving you a few quick tips on how to create your product packaging. 

Essential Things to Remember Before you get Started 

Okay, let’s start with the basics. Before you get started, you need to ask these three critical questions: 

  • What product are you trying to promote? 
  • Who’s going to buy your product? 
  • How will people buy your product? 

Let’s take a look at these questions more in-depth:

What product are you trying to promote? 

This is not a trick question – it should be easy to answer. What are you trying to promote? What material are you using? How big is the product? Is it lightweight? Is it fragile? 

Asking these questions will help you figure out if there will be a need for logistics. Let’s say you have a great product; this will require you to get secure packaging material. It’s things like these that you will also need to take into consideration. 

Who’s going to buy your product? 

Figuring out who to target is another way to figure out what kind of packaging you need. Do women, men, or both use the product? Can it be used by children or just adults? Is it for people who are conscious of their environment? Is it for those who are on a budget? 

A product’s packaging design is supposed to appeal to the right consumer. It’s important to know who you are selling your product to, as this will determine the start of your design process. 

How will people buy your product? 

Are people going to buy your product at a retail outlet? In a supermarket? Online? 

Aside from knowing who to target, people need to know where they can purchase your item. There are lots of ways that you can sell it, but if you have a specific method of purchase, you will also need to think of how people will buy your product.