doubt in finance lease and interest

doubt in finance lease and interest

18°
Pikachu
Deal Subedar
87
1054
42

hi, I heard for 20 Lakhs if we give for lease to a known person for 5 years, we will get 35k interest per month.
but if we don’t know any trusted person, then it’s not possible and risky.

So do any banks give us this much interest per month ?!
say the year to invest this amount is 1 year 5 months.
if so what’s that scheme called as ?!
(fixed deposit, recurring deposit, etc?) which gives maximum interest.

or in online it’s not possible ? only with public it’s possible

9 Comments  |  
6 Dimers
Missing
Deal Newbie
0
30
1

bro that’s 21% interest paid monthly..
there is no one that will give u that much of interest.
In FD/RD u will get max 10% interest.
that’s around 16500 p.m.

Missing
Deal Newbie
0
30
1
chowdhuryparthoroy355 wrote:

bro that’s 21% interest paid monthly..
there is no one that will give u that much of interest.
In FD/RD u will get max 10% interest.
that’s around 16500 p.m.

and that to only in selected facilities..
Popular banks will not give u more than 8.5%

If u are getting that much of interest or atleast being promised of being paid..
be sure not to be scammed

Pikachu
Deal Subedar
87
1054
42

Hmm yes after calculating using compound interest formula.
For 1 year 20L will yield
1) only ~15k per month on interest given by most banks 7%.
2) or 35k per month at a rate of 19%, if given for lease to common public through finance business.

No banks give 19% interest. But Mutual funds give 19% around, but depends upon market risks and the fund we choose….. So risky.

So, only option left is giving in local finance.
@chowdhuryparthoroy355

Missing
Deal Newbie
0
30
1
vickyVicky wrote:

Hmm yes after calculating using compound interest formula.
For 1 year 20L will yield
1) only ~15k per month on interest given by most banks 7%.
2) or 35k per month at a rate of 19%, if given for lease to common public through finance business.

No banks give 19% interest. But Mutual funds give 19% around, but depends upon market risks and the fund we choose….. So risky.

So, only option left is giving in local finance.
@chowdhuryparthoroy355

can u please elaborate the term “local finance”?

Missing
Deal Cadet
50
266
2

Current running rate of interest, between two persons, is 24% to 30% with real estate mortgage guarantee . Low budget movie producers borrow at around 36% with blank bank cheques guaranty.
Banks offer around 8%. Mutual funds offer more but you may loose principal amount too. Invest in real estate plots or wet lands, you may get at least 24%.
P2P lending interest is 18%24% excluding other service charges.
Most of the real estate builders borrow at 24%. Thats why the concept of pre-EMI came into picture. With pre-EMI, builder gets the money for 10% interest from the unit purchaser.

Bottom line, the more the interest rate, the more risk of loosing the principal amount.

Missing
Deal Cadet
83
426
17

Split the amount in 4 parts
5L – Invest in balanced funds, they have been giving around 12%
5L – liquid funds
5L – get a fd in name of any senior citizen in your family, shld give 10% in small/corporate banks
5L – small cap/mid cap fund they have corrected almost 30% in last year

This advice is keeping safety of your capital in mind, you can opt for much riskier options like local finance, however you need to have muscle power to collect loans incase of defaults

Missing
Deal Newbie
77
25
0
karanoshan wrote:

Split the amount in 4 parts
5L – Invest in balanced funds, they have been giving around 12%
5L – liquid funds
5L – get a fd in name of any senior citizen in your family, shld give 10% in small/corporate banks
5L – small cap/mid cap fund they have corrected almost 30% in last year

This advice is keeping safety of your capital in mind, you can opt for much riskier options like local finance, however you need to have muscle power to collect loans incase of defaults

Nice bro…

Missing
Deal Cadet
50
103
0
karanoshan wrote:

Split the amount in 4 parts
5L – Invest in balanced funds, they have been giving around 12%
5L – liquid funds
5L – get a fd in name of any senior citizen in your family, shld give 10% in small/corporate banks
5L – small cap/mid cap fund they have corrected almost 30% in last year

This advice is keeping safety of your capital in mind, you can opt for much riskier options like local finance, however you need to have muscle power to collect loans incase of defaults

Bro if you are taking only small cap/mid cap fund , and hoping return of 30% … Then there is atleast 50% chance of losing your money , you are taking a huge risk if you are investing in those funds which is yielding 30% …

Missing
Deal Cadet
83
426
17
Expand
Gotiya20 wrote:

Bro if you are taking only small cap/mid cap fund , and hoping return of 30% … Then there is atleast 50% chance of losing your money , you are taking a huge risk if you are investing in those funds which is yielding 30% …

I mentioned corrected, not given returns

Missing