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A credit card makes everyday payments easier and more convenient. It helps you manage daily expenses such as grocery shopping, medical bills, travel bookings, and other urgent payments when cash is not available. Instead of carrying cash, you can pay securely and quickly, both online and offline. Credit cards also come with added benefits like cashback, discounts, and reward points, which make regular spending more rewarding and easier on your budget.
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Every business — whether small, medium, or large — may need additional funding at some point in its growth journey. The reasons can vary: expanding into new markets, strengthening working capital, investing in advanced technology, or purchasing essential equipment. In such situations, a business loan becomes an important financial tool that can help entrepreneurs achieve their business objectives.
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When businesses approach banks or financial institutions for credit, the decision is rarely based on gut instincts. Lenders follow structured evaluations to determine whether a borrower has the financial strength to handle debt obligations. Among the many metrics considered, one indicator acts as a deal-maker or deal-breaker in gauging repayment ability and overall financial stability: the Debt Service Coverage Ratio (DSCR).
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