POSTED BY March 20, 2014 8:49 pm COMMENTS (3)ON
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.
2021 © Jagoinvestor.com All Right Reserved
3 replies on this article “Need suggestions on my Personal Finance ?”
thanks dear ashal
same way i am thinking so i will do that thanks a lot.
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.