So, My father has a buildings construction business where he needs funds as soon as some new project comes up. I want to help him in one of his new project for which I am willing to loan out 501cr ...

Welcome to Banking & Finance's Private Community

So, My father has a buildings construction business where he needs funds as soon as some new project comes up. I want to help him in one of his new project for which I am willing to loan out 50-1cr from the matket and transfer that to my father business but I am not sure whether I should go with the OD(overdraft) or Personal Loan or Some other finance instrument.

Please guide me:)

Thanks in advance 😊

My father needs funds for his business. Which is the best way for me yo raise funds from the market?

Software Developer

My father needs funds for his business. Which is the best way for me yo raise funds from the market?- Grapevine

Okay, so this happened to me last year. I was approached by a college alumni (got my number from college alumni group) who told me he had a side business going on which was leading him to earn more money than his corporate job and that he was going to leave the corporate for his “business”.

I was initially not interested but he was insistent and also I was looking to explore some options (may be my naïveté) that I asked him more and so he setup a call with his senior to explain more about this “business”.

Now this senior gave all sorts of gyaan regarding how to reach financial independence and picking up on the general mindset of how to make more money. They asked to create a list of 10 things that I desired the most at the point of time which could be solved with more money. I complied thinking it was a good exercise (again, I was a big fool). Now I was connected with another senior who gave all sorts of gyaan regarding how I could make more money and lead to financial independence.

Please note, during all this time I was constantly asking what the business idea was and how it would be achieved but got no response on the details and only white washing regarding how I should be prepared to do anything to achieve my dreams.

Now, it was revealed that I would need to put in 5L as investment to get bigger returns. Since I did not have that money in handy, I was suggested to get a personal loan through their agents. Also not to inform this to parents because they won’t understand this stuff and get “worried”. Luckily I did went with their suggestion and informed my parent about it. Thinking it was a startup idea, I got the investment from my father through an OD in my name.

Now we get onto a call two days later, where they reveal the company QNet and makes me purchase 5L of stuff from their website and explained the business model which was to get other people from your knowing to buy products from this company and get commissions on the sale.

Continued……

Pyramid scheme scam

Bruh... what even?! It's a well known scam. I don't understand how you were ready to put in 5L of your money without going for a simple google search.  
  
 All these IIT/NIT/IIM/AIIMS means they cracked a certain exam. It has nothing to do with guaranteed moral values or even basic common sense. Lesson learnt the hard way I guess.

Supply Chain Manager

Software Engineer

I stay with my parents in a tier 2 town. We have a 800 sq. ft house which is more than 100 yrs old. We are really scared of living in this home as it is fully damaged. 

Yesterday one incident happened one of the walls got demolished. Fortunately we were not there at that time. 

For the past few yrs, We wanted to reconstruct our home from base, but the total cost is around 20 lakh. 

I have been working for the past 2 yrs but hardly able to collect 3 lakh as I spent most of the money by giving it to my father during my sister's marriage.

Guys, can anyone suggest 🙏🙏 there is any source or platform from where I can raise funds. We need to raise around 14 lakh.

Guys need your valuable opinion!

Analyst

Welcome to Personal Finance's Private Community

I need urgent financial help. Please help me out Sir. I will share all necessary details and documents if agree to give money. And will also do Legal agreement.

Please help me out.

Finance Consultant

Hey Grapeviners,

I need help from all the experienced folks out there.

I and my father have 2 loans:

1. Educational Loan EMI - ₹6500/month for 15 years (₹ 7 lakh loan)
2. Home Loan EMI - ₹22500/month for 9 years (₹ 17.5 lakhs loan)

I am 22 and started my full-time career this month and wanted to understand how to repay 2 loans along with my father quickly with less financial burden. (I am the only child)

My expenses -

1. Paying Home Loan EMI - ₹ 22500/month
2. Investments - ₹ 30000/month
3. Petrol - ₹ 5000/month
4. Miscellaneous - ₹ 5000/month
5. Left with - ₹ 20500/month (lumpsum)

Should I create an emergency fund for myself first with the remaining amount or what else should I do, totally blank in this case?

My father looks after the household expenses, education loan, and his own investments. Not sure, how much he is left with at the end of the month as I am not aware of his income. (He has a private job)

P.S. - 

1. I spend consciously and don't have a bad spending habits. I love to drive (bought a car myself in Dec 2022) and climb mountains, so I manage to do treks every 3 months.

2. I am rigid about my investment amount, so may not compromise on that part.  

Would be forever grateful, if I get some helpful suggestions.

How do I pay 2 loans most efficiently?

Product Manager

Please help me out. 🙏🏻

I am from Ahmedabad. Till now me and my family was living in a rented house. Now I shifted to Hyderabad with a very good package. Now I am planning to buy a home in Ahmedabad so that my family can live in our own home 🏡. 
Should I invest 70-80 lakhs? Any suggestions.

Should I buy Home?

Welcome to Indian Startups's Private Community

Hey folks, looking for great books or resources on Startup Finance and Fundraising. Please suggest. 

Dhanyavad!🙏🏻

Startup Finance and Fundraising

Head Of Growth

Next month I'll (26M) be taking a personal loan of 10L to pay off my family's borrowings. 

1. Any tips on managing the loan?
2. I have a good credit score so I can get it through a national bank like HDFC, SBI, etc.
3. Shall I pay it off in one instant in future or keep paying EMIs? I say one time payment because we plan to sell some property in future to get liquidity. 
4. Anything else I should take care of? 

I have savings of around 5L and I have a stable job for next 6-12 months (it's a startup so things are lil shaky right now). I plan to find freelance projects and increase my income. But this is the first time I will be taking a formal loan so it seems like a big and long commitment. 

Thanks!

Getting a loan soon, anxious about it

Founder

I have been banking with Axis bank and have a turnover of few Crs in my biz but these guys don't provide an unsecured OD or credit line. Whereas, ICICI has a product that does that but I'm a new customer to them so wouldn't open it up to me unless for a small amount like 1-2 lacs (I've spoken to them) they need time and transactions for OD to go about 15-25lacs which is what I need. 

Times are tough and my credit score has fallen due to some reason so RazorpayX wouldn't give me LOC or OD either. 

any other options I can look at? Ready to open new current account with anyone who does.

Need credit line for the biz.

Me and my wife are 30 years old software engineer with no kids. Draw 7 lac a month please some yearly bonus. We invest 2 lac a month combined into equity market through mutual funds. 

Expenses: 1.5 lac a month including everything, lives in Bangalore in good society, owns a car, don't thing much before spending. 

Still after everything left with 3 lakhs every month in bank account. Not sure how to use that. We both don't have any fancy "shauk" where we can spend and hence don't have an urge to earn more. 

Any suggestions???

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Hey - we are also similar to you. Would strongly suggest finding something you’re passionate about. 
  
 For us (primarily me) - got a dog, took a 6 month sabbatical, travelled to 30+ countries in this time, left job to pursue startup idea, spend time with parents, learn language, improve fitness, learnt some coding, etc 
  
 It’s a pretty good position to be in - just explore I’d say

Strategy & Operations

Welcome to Data Scientists's Private Community

I was thinking to leverage my parents home and take out chunky 1 cr @8.6% with premise to make 15%+ in direct equity and mfs.

Asset belong to my parents with some contribution from me. I feel this is a relatively low cost capital way to get initial corpus and in long run gains will payback principal.

I am earning well enough to payback 0.5-1 lpm  worth of emis annually 

Does this sound as a wise plan?

Taking Loan against property to invest in stock

Bhai, this is vinaash kaale viprit buddhi. Please avoid this thought.

Everyone's requirements will be different, mine is to buy a car how about your??

Why do we need personal loans ??

Team Lead

Monthly bills + Rent + Savings + Investment + Shopping + etc

If your salary is ₹ 1 lakh (100k) pm, how would you spend it?

My Bank BOB is not giving me personal loan they are saying that as if now you are not eligible for this benifit. 
So where should I go for this ? Plz recommend any good other bank or fin-tech.

Personal loan.

What are the best ways to underwrite and acquire micro and small businesses today on digital platform?

Seeing and hearing a lot of: 
"oh MSMEs are not digital in India", 
"Need a big field sales team", and 
"Have to go and physically collect documents to make it work" ideas

Any best practices that you have seen work apart from the orthodox?

MSME Lending Hacks

Hello,

I have been running my Recruitment and HR consulting firm as a proprietor for the last 2 years and doing pretty fine. I now have a good number of clients which suffice to expand our services. Hence, I am planning to set up an office in Pune and hire a team of recruiters. However, I need some funding of around 8 Lakh to run the operations. I heard about various MSME Loans but not sure how to go about it.

I am urgently seeking a help to understand the process.

Looking for mentor to guide me in obtaining MSME Loan for my small startup in HR and Recruitment Consulting firm.

How do you plan or diversify your investments if you have 1 crore  rupees?

Please suggest 🙏

My father needs funds for his business. Which is the best way for me yo raise funds from the market?

Discover More

Misc on

by Kalan Lee

Fintech Startup

Pyramid scheme scam

Misc on

by Kendall Everett

Accenture

Guys need your valuable opinion!

Personal Finance on

by Jordon Carmden

Stealth

Please help me out.

Personal Finance on

by Karilyn Lee

Contlo

How do I pay 2 loans most efficiently?

Personal Finance on

by Jordon Vernon

Stealth

Please help me out. 🙏🏻

Personal Finance on

by Jordon Denver

Student

Should I buy Home?

Indian Startups on

by Blair Lee

Stealth

Startup Finance and Fundraising

Personal Finance on

by Jordon Denver

Startup

Getting a loan soon, anxious about it

Personal Finance on

by Kendall Lee

Student

Need credit line for the biz.

Personal Finance on

by Kendall Olive

Stealth

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Data Scientists on

by Isaiah Carmden

Stealth

Taking Loan against property to invest in stock

Personal Finance on

by Kendall Lee

Paytm

Why do we need personal loans ??

Personal Finance on

by Karilyn Carmden

Good company

If your salary is ₹ 1 lakh (100k) pm, how would you spend it?

Personal Finance on

by Isaiah Taye

Student

Personal loan.

Indian Startups on

by Kendall Denver

Stealth

MSME Lending Hacks

Indian Startups on

by Jordon Dean

Stealth

Looking for mentor to guide me in obtaining MSME Loan for my small startup in HR and Recruitment Consulting firm.

Indian Startups on

by Karilyn Gabriel

Cisco

Investment plan for 1Cr