Least interest loans
Hey folks!
I saw slice ad saying they are offering some upto 5 l interest free loan. Checking that out.
But what companies are offering loan at some extremely low interest rates? I am assuming banks would charge a premium vs the tech companies.
I am looking for some 2-4l loan purely because I can earn more via trading than the interests I'd pay for loan.
I would advise you to not take a personal loan for trading. That is one big mistake. Just don't do it. Also HDFC bank provides cheapest rates for PL.
You can get an overdraft over FD from some banks like ICICI. It is 2% over your FD interest. The money in FD continues to earn interest. So net interest reduces a lot. I think the processing fee is nil too (not sure). It is usually a cost effective loan when you have money in hand already. Max overdraft you can take is 90% of the amount in FD.
Lord SBI offers at 1%😎
Bank of Maharashtra and other PSU. Try availing PL from where you have a salary account and negotiate with them.
Don't do trading with loan money bro.
If you have mutual funds get a loan against them its cheaper than all loans try it on smallcase
Check your Loan Agreement. Some (not all) issuers have a End Use Restriction that prohibit you from certain uses even for a personal loan. Investing is one of those use cases.