Thread: Car Loan against Fixed Deposits
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Old 26th December 2008, 14:27   #10 (permalink)
Fountainheader
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Location: TN 07
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Originally Posted by aka_iitd View Post
In a way bank is giving you you money back without giving any interest. So in a way he is earning 9% and you are losing 9% plus gaining 3% if loan was offered at 12%
I wont really term it as "losing". Atleast I wont have this "I took money from my parents even after an MBA" syndrome
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