WHICH WAY IS THE BEST TELL ME.

This query is : Resolved

chauhan devendra (Querist)
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08 February 2009 MY QUESTIN IS BELOW.Which way is the best out of following two way.

1) I Am taking loan of RS.50,000.and bank says me if you give the repayment the total amount (RS.50,000), in one time then we will give u Rs.2000 discount.

2) I am taking same loan of Rs.50,000. and bank says me repay the loan in monthly installment Rs.1000.

Now tell me what is the benefit available to Bank in Case-1. because it is provide me Rs.2000 discount on Rs.50000.

And tell me what is the benefit available to Bank in Case-2.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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08 February 2009 Second case is benefit to you.

First case you are paying 50000
Getting discount 2000

Net outflow is Rs.48000.

Second case you will be paying 1000 every month. The reamining amount you can
utilise for your business.

Furthermore there will not be any burden for you to repay the loan.

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