Today I would like to inform you about
how to get Rs 20 lakh from Rs 9 lakh chit fund. Everyone takes home loans to make a home. It is the financial solution that borrows funds to purchase/construct/renovate a home . But we lose a lot of money through it. Even if we pay the EMI monthly, it will not add to the total amount. It goes to the interest. It is very difficult.
Now we can see the benefits of KSFE chit funds. When we start chit fund Rs 15 lakh from KSFE.If we can call maximum 40% profit from it, we will get Rs 9 lakh. We can pay this Rs 9 lakh to the principal amount.
we can save Rs 23 lakh ( first and second lap interest). We will get a 17% option discount in installments. Effective loss of chit fund Rs3.45 only. The profit from the loan is Rs 23 lakh. We will get net profit Rs 20 lakh.
We can add the chit fund to the loan. We can save a lot if money from it. We can check this from goal seek in excel.