Hold on brother. I have a solution. ask your family to gather finances, and take a loan against FD. Then instead of paying the bank 15% post tax, you can instead pay your family back.
The above is valid ONLY if you are capable of repaying the loan within a coupla years, or if they are constrained for cash. The good thing about FD, is that it monetises your cash, and lets you pay back family with zero prepayment charges (check the other thread man) |