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JustStarted · 21st December 2008, 08:18

PSU ? even private banks not ready to give me loan

.

only one reason that i don't have that kind of business profile.most of my work is through internet , no local business so i don't have fancy setup they are looking for.

yes i have the cash to pay in full but my CA advised me to take some loan just because he don't want me to come in eyes of IT people.

so if i take loan at 14.5 % and put cash in FD

at the end of 3 yr. i get

2.68 lac. and i pay total around 2.48 against the loan.

this is not a bad equation if i see what comes in my pocket and what goes out of my pocket.

i will go for loan. (if i get it ).

21st December 2008, 08:18	#12 (permalink)
JustStarted Newbie Join Date: Aug 2008 Location: jaipur Posts: 23	PSU ? even private banks not ready to give me loan . only one reason that i don't have that kind of business profile.most of my work is through internet , no local business so i don't have fancy setup they are looking for. yes i have the cash to pay in full but my CA advised me to take some loan just because he don't want me to come in eyes of IT people. so if i take loan at 14.5 % and put cash in FD at the end of 3 yr. i get 2.68 lac. and i pay total around 2.48 against the loan. this is not a bad equation if i see what comes in my pocket and what goes out of my pocket. i will go for loan. (if i get it ).