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?
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Financial Decision Making
Replies (1)
Yes you can but you should make prepare that repayment must be as per scheduled otherwise it can affect your investment
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