Matured, Educated And Informed Economic Minds: Financial Advice Needed - Investment - Nairaland
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| Matured, Educated And Informed Economic Minds: Financial Advice Needed by rabbaefurher(m): 10:08pm On Jan 25, 2022 |
I'm looking to collect a loan for a lucrative venture, with good ROI certain in about 14 months, will appreciate informed suggestions on how and where to get interest friendly loan and favourable grace period. |
| Re: Matured, Educated And Informed Economic Minds: Financial Advice Needed by psucc(m): 10:31pm On Jan 25, 2022 |
In Nigeria, none of the banks is investment-friendly especially for startups and the poor who has no financial muscle to pull them. Just take a second look on NOT ONLY the ROI of the business, BUT ALSO the possibility of its failure. Armed with this, you can now compare with the internet charge of the bank which currently is at about 24-31% p.a. If it the ROI is favourable, then go ahead and pick the loan 1 Like |
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