How to Get a Small Business Loan in 7 Simple Steps | Business.org
business.org
How to Get a Small Business Loan in 7 Simple Steps | Business.org
Need to finance your small business? Business.org breaks down the 7 essential steps in finding a lender and securing a bank loan.
Mar 28, 2023
Small Loan Tips
Imagine your home loan costing you nothing. A small monthly SIP can outgrow your 9% loan and earn you over ₹6.8 Lakh in 20 years! 💰🏠 This is how: Loan Amount ₹ 55,00,000 Home Loan Interest 9% p.a. × 20 years → ₹ 63,16,880 total interest paid Monthly SIP 0.12% of ₹ 55 L → ₹ 6,600 Expected SIP Return 14% p.a. over 20 years SIP Corpus (pre-tax) ₹ 77,55,873 After-Tax Corpus (assume 10% on gains) ₹ 69,99,250 Net Profit ₹ 69,99,250 – ₹ 63,16,880 = ₹ 6,82,370 🔖 Bookmark this post, tag a friend who’s
0:52
Imagine your home loan costing you nothing. A small monthly SIP can outgrow your 9% loan and earn you over ₹6.8 Lakh in 20 years! 💰🏠 This is how: Loan Amount ₹ 55,00,000 Home Loan Interest 9% p.a. × 20 years → ₹ 63,16,880 total interest paid Monthly SIP 0.12% of ₹ 55 L → ₹ 6,600 Expected SIP Return 14% p.a. over 20 years SIP Corpus (pre-tax) ₹ 77,55,873 After-Tax Corpus (assume 10% on gains) ₹ 69,99,250 Net Profit ₹ 69,99,250 – ₹ 63,16,880 = ₹ 6,82,370 🔖 Bookmark this post, tag a friend who’s
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