its easy to take loans
but how do you repay them, from your revenue generated from business or either salary or you would think about any other income to repay it?

i would generally try doin it frm my own business, generate some revenue and then look to repay it as quick as possible

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Trade Mumbai
Buy & Sell property in mumbai

Loans- Easy to take hard to pay that what i believe about them.
If you can take real advantage of loan by taking it and then using it in your business so that you can make good profit to repay it then only you should go for a loan otherwise you should not think to take a loan.

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If you borrowed the money for business use, it would be better if you can repay the loan from the returns of the money that you borrowed.

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if we are talking of bank loans then banks have a documentary procedure whereby before disbursing the loan to you , they get you to sign the instalment payment cheques which the bank wl keep with them and encash them on the due date .

as such you will have to ensure that you have funds in your account to honor those cheques to avoid penal charges and hassles from their legal department.

bank also takes a security cheque (undated) for full value of the loan just in case you default full payment .

so once you are wound by the web of a loan its hard to tangle urself out of this maze.

if you are a salaried person, pay out of ur salary or if you are self employed then your business returns wl take care of ur repayments.

it would only be foolish to create a fresh loan to pay back old one

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JENNY

Ankur thats absolute truth.Its easy to take loans,hard to pay them

back.Everyone must try to be far away from loans else go for one which

provides loans at low interest rates.


LOL

Loans are not met to be paid off asap...

They are service which should be enjoyed...

for example :

you are planning to setup a business and you require a starting capital of Rs 10 lac..
You plan to take a loan and you need to pay an EMI of some Rs 15000 / month.

If your are confident for your business and earning substatially more than Rs 15000 / month then you must reatin the loan as :
1) For every Rs 1 lac you pay 15 % premium (interest) but the same money is fetching you 30 % premium after investing into your business.. hence you are in 15 % profit

Think over it . . .

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AdInfoCom - Simply IT !

Thats true and fact indeed.Well services as

such are meant to be used and to be viable to the

service as per the rules placed by them.




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Mortgage refinancing

Before taking out a loan, shop around for the best deal.

Make plans on how you intend to pay it back. Also make a few back up plans just incase the original plan falls through.

NEVER take out loans in desparation. For example, if a loan is going to put your business in jeopardy it might be better to consider an alternative.

Remember, banks will encourage you to take out loans etc. and you might be persuaded that what they are showing you is the only option.

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Planning is very important once you have thought of taking a loan. it must be in mind the proper planning for repaying it

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Business loans Commercial loans

One should think this issue in advance that how one is going to make repayment of loan.Most of people return it from income through profit in business or through monthly income.

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