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Author Topic: [Seeking Interest] Investing in India.  (Read 1137 times)
troy112
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September 16, 2014, 03:10:08 PM
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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
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September 16, 2014, 03:19:56 PM
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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 Smiley


Another question... If a random on the internet asked what you asked, word for word, would you trust your money with them Smiley ?

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September 16, 2014, 03:21:22 PM
 #3

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.

troy112
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September 16, 2014, 03:30:38 PM
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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
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September 16, 2014, 03:31:50 PM
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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.
Yea that's what bank offer. You can even check there website. If you invest more money, they also offer specific deals.

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...
Justin00
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September 16, 2014, 03:43:54 PM
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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



 

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September 16, 2014, 03:49:12 PM
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What's with your thread BTW Smiley ?
Seriously now... you have enough time/posts here on the forums to no no one is going to be interested.

troy112
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September 16, 2014, 03:54:23 PM
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What's with your thread BTW Smiley ?
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. Cheesy

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 
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September 16, 2014, 04:06:26 PM
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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 Sad
I got no idea about that stuff though... Just familiar with house/car rates cause I own a house/car lol

troy112
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September 16, 2014, 04:16:25 PM
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Yea, these Chinese are everywhere. Ask us," the neighbours" LoL. Our market is flooded with Chinese cheap products.


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September 16, 2014, 07:22:36 PM
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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
You guys should see the interest rates on savings in the US. Think 0.01%.
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September 17, 2014, 04:11:11 AM
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Yep. India got high rates for deposit and loans. Got a powerful bank system.
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September 17, 2014, 04:13:35 AM
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Just Curios what are electricty average rates there?

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September 17, 2014, 04:13:51 AM
 #14

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%  Sad

http://www.tdcanadatrust.com/products-services/banking/accounts/account-rates.jsp

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September 17, 2014, 09:38:53 AM
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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.

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September 17, 2014, 10:57:38 AM
 #16

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%
troy112
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September 17, 2014, 11:36:26 AM
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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. Cheesy
troy112
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September 17, 2014, 11:39:18 AM
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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%.

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