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ElaKiri Talk!
what to do with 1 million ? investment ideas?
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<blockquote data-quote="pradeeplk1025" data-source="post: 20681928" data-attributes="member: 32239"><p>And pay only the interest with the income you get from fd, three wheel renting and koththu shop. Your idea is exceptional if financial companies give loans at about 2% interest pa. <img src="/styles/default/xenforo/smilies/default/nerd.gif" class="smilie" loading="lazy" alt=":nerd:" title="Nerd :nerd:" data-shortname=":nerd:" /></p><p></p><p>FD rates as of now: 12% pa, 6month interest at maturity (remember withdraw taxes and gov. taxes if the amount is more than 0.5 mil (I guess its 5 hundred thousand, not sure)</p><p>Loan rates : about 17% at pvt banks</p><p>CR at leasing company, so interest rates: about 20%.</p></blockquote><p></p>
[QUOTE="pradeeplk1025, post: 20681928, member: 32239"] And pay only the interest with the income you get from fd, three wheel renting and koththu shop. Your idea is exceptional if financial companies give loans at about 2% interest pa. :nerd: FD rates as of now: 12% pa, 6month interest at maturity (remember withdraw taxes and gov. taxes if the amount is more than 0.5 mil (I guess its 5 hundred thousand, not sure) Loan rates : about 17% at pvt banks CR at leasing company, so interest rates: about 20%. [/QUOTE]
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