Required suggestion for purchasing commercial property
This query is : Resolved
Mahabeer Kunjeda
(Querist)
28 December 2018
Dear Experts,
I am planning to purchase a shop in Navi Mumbai, currently market value is 1.45 Cr in which agreement value is 80 lakhs. Should I opt for overdraft loan, loan against property or term loan.
Your quick response will be highly appreciated.
Thanks
I am planning to purchase a shop in Navi Mumbai, currently market value is 1.45 Cr in which agreement value is 80 lakhs. Should I opt for overdraft loan, loan against property or term loan.
Your quick response will be highly appreciated.
Thanks
CA R SEETHARAMAN
(Expert)
28 December 2018
Overdraft loan is for working capital. For acquiring fixed assets go for loan against property.
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