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string(481) "[QUOTE=vb2309;322793]Too late to take a loan on this project bro
Also 10 per cent is too high[/QUOTE]
Two points to consider from CLP point of View -
a) One needs to give 20% before any bank will disburse. I suggest to even pay the 3rd installment as well before taking disbursal. In clp the payment is staggered so do not start calculating interest from day one.
b) Normally appreciation will far exceed the interest part (in decent projects) so in the end you usually make money."
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Originally posted by vb2309
View Post
Too late to take a loan on this project bro
Also 10 per cent is too high
Also 10 per cent is too high
a) One needs to give 20% before any bank will disburse. I suggest to even pay the 3rd installment as well before taking disbursal. In clp the payment is staggered so do not start calculating interest from day one.
b) Normally appreciation will far exceed the interest part (in decent projects) so in the end you usually make money.
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