Title: [Seeking Interest] Investing in India. Post by: troy112 on September 16, 2014, 03:10:08 PM Hi, guys
I am from India, and from my knowledge, we are one of the few countries giving out interest for savings of around 8.5% per annum. It's what I get if I just put money in my bank for about 7+months. So, I wanted to ask how many of would be interested in such a proposition. Ofcourse there is a problem of identity and scams or things... Those can be verified and as the investment would be in a bank, thus no risk on the investment. We can also invest in someothers like, currently unsecured loans to "friends and relatives" is around 24- 30% per annum, depending on risk. So..... Would any one be interested?? I will have to look at the laws for the money conversions and getting them converted.... But what do you guys think?? ~troy112 Title: Re: [Seeking Interest] Investing in India. Post by: Justin00 on September 16, 2014, 03:19:56 PM How do we verify your identity is real ?
No offence of course, I am just asking. But for example, if you had a fake ID, how would we know ? and fake utility bills etc. Not saying you do, just asking the question :) Another question... If a random on the internet asked what you asked, word for word, would you trust your money with them :) ? Title: Re: [Seeking Interest] Investing in India. Post by: Justin00 on September 16, 2014, 03:21:22 PM BTW do banks in India really offer 8.5% ?
Thats pretty decent.... Here in Aus its like 5% for 3 months.. then like 3% the rest of the time if you're lucky.. Probs slightly better deals floating around, but i think thats around average. Title: Re: [Seeking Interest] Investing in India. Post by: troy112 on September 16, 2014, 03:30:38 PM Well, if I would be partnering with someone it won't just little bits.. I and invester would be talking for some days. Try to get to know each other. On phone, on Skype, if he/she wants to visit, that would be okay also. Well, I m true, I know and I can verify with any method the investor asks.
Thanks for asking. But ofcourse it would be exclusive, not a crowdfunding. Regards Troy112 Title: Re: [Seeking Interest] Investing in India. Post by: troy112 on September 16, 2014, 03:31:50 PM BTW do banks in India really offer 8.5% ? Yea that's what bank offer. You can even check there website. If you invest more money, they also offer specific deals. Thats pretty decent.... Here in Aus its like 5% for 3 months.. then like 3% the rest of the time if you're lucky.. Probs slightly better deals floating around, but i think thats around average. But you are lucky in terms of loans. What rate do you guys pay for house loan? Car loan? Here its around 12+% for house and 13.5+ for car. That's pretty expensive... Title: Re: [Seeking Interest] Investing in India. Post by: Justin00 on September 16, 2014, 03:43:54 PM For a house you can get it for 4.8x % variable at the moment. Was a lil higher recently.
Car and personal loan is between 4-7% depending on terms etc etc.. 8.5% interest on savings doesn't really sound all that decent anymore... not if your home loan is 12% You should get some friends in Aus to take out a home loan for you, use the money to buy a house in India... Obviously wouldn't work for a number of reasons.. but good idea none the less :p Title: Re: [Seeking Interest] Investing in India. Post by: Justin00 on September 16, 2014, 03:49:12 PM What's with your thread BTW :) ?
Seriously now... you have enough time/posts here on the forums to no no one is going to be interested. Title: Re: [Seeking Interest] Investing in India. Post by: troy112 on September 16, 2014, 03:54:23 PM What's with your thread BTW :) ? Seriously now... you have enough time/posts here on the forums to no no one is going to be interested. Well, to be true its my first time posting in a lending thread. I just got idea reading an article about the same. So, was wondering if I could fine anyone. :D And yes there are some NRI (non resident Indians) doing what you just said. Taking loans from US, UK or aus and investing back in India. They caused a real boom in indian real estate. Lol Title: Re: [Seeking Interest] Investing in India. Post by: Justin00 on September 16, 2014, 04:06:26 PM I think the Chinese do a similar thing here... take there insanely crazy low interest rates and buy houses here.. all though I think the gov put a stop to stop a while back, or did some thing to them to make it not to worth while... now they have to launder money through Milk bars :(
I got no idea about that stuff though... Just familiar with house/car rates cause I own a house/car lol Title: Re: [Seeking Interest] Investing in India. Post by: troy112 on September 16, 2014, 04:16:25 PM Yea, these Chinese are everywhere. Ask us," the neighbours" LoL. Our market is flooded with Chinese cheap products.
DISCLAIMER: This post does not says what it looks like. There is no hatred, I like those sweet, small, thin eye gals. :P Title: Re: [Seeking Interest] Investing in India. Post by: Bitcoins101 on September 16, 2014, 07:22:36 PM For a house you can get it for 4.8x % variable at the moment. Was a lil higher recently. You guys should see the interest rates on savings in the US. Think 0.01%.Car and personal loan is between 4-7% depending on terms etc etc.. 8.5% interest on savings doesn't really sound all that decent anymore... not if your home loan is 12% You should get some friends in Aus to take out a home loan for you, use the money to buy a house in India... Obviously wouldn't work for a number of reasons.. but good idea none the less :p Title: Re: [Seeking Interest] Investing in India. Post by: ndnh on September 17, 2014, 04:11:11 AM Yep. India got high rates for deposit and loans. Got a powerful bank system.
Title: Re: [Seeking Interest] Investing in India. Post by: vipgelsi on September 17, 2014, 04:13:35 AM Just Curios what are electricty average rates there?
Title: Re: [Seeking Interest] Investing in India. Post by: Vod on September 17, 2014, 04:13:51 AM BTW do banks in India really offer 8.5% ? Thats pretty decent.... Here in Aus its like 5% for 3 months.. then like 3% the rest of the time if you're lucky.. Probs slightly better deals floating around, but i think thats around average. In Canada we get 0.25% :( http://www.tdcanadatrust.com/products-services/banking/accounts/account-rates.jsp Title: Re: [Seeking Interest] Investing in India. Post by: zolace on September 17, 2014, 09:38:53 AM BTW do banks in India really offer 8.5% ? Thats pretty decent.... Here in Aus its like 5% for 3 months.. then like 3% the rest of the time if you're lucky.. Probs slightly better deals floating around, but i think thats around average. There are some Euro banks that I had seen offer 9 percent so im not surprised, I think is possible to pay that rate if they are organized organization. Title: Re: [Seeking Interest] Investing in India. Post by: ndnh on September 17, 2014, 10:57:38 AM BTW do banks in India really offer 8.5% ? Thats pretty decent.... Here in Aus its like 5% for 3 months.. then like 3% the rest of the time if you're lucky.. Probs slightly better deals floating around, but i think thats around average. There are some Euro banks that I had seen offer 9 percent so im not surprised, I think is possible to pay that rate if they are organized organization. It is very possible to pay that rate when the loan amounts are 10-15% Title: Re: [Seeking Interest] Investing in India. Post by: troy112 on September 17, 2014, 11:36:26 AM Yep, US, UK and Aus. All you guys have very less rates, that's why I opened this thread. It might be opportunity for both the parties.
@vipgelsi electricity is okish. Its slab wise for upto 200kwh its $.04 For 200 to 500kwh its $.08. Beyond that its $.1 Its not that cheap. But govt. Do give subsidies if you are a farmer, its most probably almost free for them. :D Title: Re: [Seeking Interest] Investing in India. Post by: troy112 on September 17, 2014, 11:39:18 AM BTW do banks in India really offer 8.5% ? Thats pretty decent.... Here in Aus its like 5% for 3 months.. then like 3% the rest of the time if you're lucky.. Probs slightly better deals floating around, but i think thats around average. There are some Euro banks that I had seen offer 9 percent so im not surprised, I think is possible to pay that rate if they are organized organization. I haven't seen a euro bank giving more that 2%. I don't know how they can give 9% when central bank's rate is 0.25% or is it lesser. Here in India the central banks rate is 7% that is why you can get 8.5%. |