Let's say I can take a loan of ₹ 3 lakhs @ 6.85% p.a. on 01-01-2022 with 36 EMIs starting from 01-02-2022 to be deducted from my salary.
I wish to invest those ₹ 3 lakhs lumpsum in fixed deposit @ 6.3% p.a. for a period of 36 months.
Is it financially sound option? How to decide, if someone can explain?
CAclubindia
