Need suggestions on my Personal Finance ?

POSTED BY dilip lalwani ON March 20, 2014 8:49 pm COMMENTS (3)

DEAR ASHAL

thanks for better guidance on my earlier queries .

Wish to purchase medical machine worth 10.5lacs . will go dr plus term loan @11.5% or will take amount from my OD acc which is against my fds ,<9.5%.> bank will charge over and above 1%for overdraft. term loan will be liability for 3 or 5 yr .pl guide.

3 replies on this article “Need suggestions on my Personal Finance ?”

  1. ashalanshu says:
    April 26, 2014 at 12:26 pm

    My pleasure.

    Thanks

    Reply
  2. dilip lalwani says:
    April 26, 2014 at 9:47 am

    thanks dear ashal
    same way i am thinking so i will do that thanks a lot.

    Reply
  3. ashalanshu says:
    March 21, 2014 at 10:19 am

    Dear Dilip, please opt for OD. Interestingly as you are a professional and not in salary earning mode, the interest paid by you in your OD account for your business related expenses (purchase of machine), ‘ll be considered a legitimate business expenses. so it’ll be more beneficial to you at lower interest outgo.

    Thanks

    Ashal

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.