Required suggestion for purchasing commercial property
This query is : Resolved
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
28 December 2018
Overdraft loan is for working capital. For acquiring fixed assets go for loan against property.
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