Every business requires Working capital to meet day to day operations of a business. Working capital measures a business’s ability to pay off its current liabilities with its current assets. It plays a large role in an business’s success and affects several aspects of a business, whether it is funding of inventory, Payment of bills, Payment of salaries or planning for long-term growth.
When you avail any kind of working capital facility from a bank, the bank charges interest on monthly basis based upon the utilization of such facility. This calculator helps you to check whether the rate of interest charged by the bank is appropriate and as per the conditions of sanction or not.