lilee2hot:
It is paid upfront. You can withdraw it.

foolbuster:


Can you please do this calculation for 400k at 10% for 364 days. Please.

shogbenga:
good morning gurus, I intend to invest 4m into fgn bond.
the rates i got are
a. 2026..yield 13.45..coupon 12.5

b. 2028..yield 13.57...coupon 13.98

c 2036..yield 13.98...coupon 12.4
i am a salary earner. your advice please. i have till 1230 pm to decide. thanks

shogbenga:
good morning gurus, I intend to invest 4m into fgn bond.
the rates i got are
a. 2026..yield 13.45..coupon 12.5

b. 2028..yield 13.57...coupon 13.98

c 2036..yield 13.98...coupon 12.4
i am a salary earner. your advice please. i have till 1230 pm to decide. thanks

temi4fash:


Are you sure of this??
Throws doing a research about the loan but the interest rate was too high.

Is there a way to clarify this?

Thank for contacting Guaranty Trust Bank plc.

Please be informed that,you can request for Quick Credit Online without physically coming to the Bank. You are required to have your salary account domiciled with GTBank before initiating a Quick Credit request.However, for non salary account holders, you must have a current account and must have been running for 12 months and must not be on debit. Below is your Quick Credit request history.

Eligibility:

*   You must have your salary account domiciled with GTBank.

*   You must have received your salary through your account in the last six months from the same employer.

*   Your salary is paid in Naira (NGN).

*   Minimum loan amount on Quick Credit is N25,000.

*   Interest Rate for Quick Credit is 23%.

Notice:

*   This application is subject to the Bank's approval. The Bank shall be entitled at its sole discretion to decline an application without furnishing any reason.

*   You can only view history of your request on this platform.

*   Terms and Conditions Apply.

To Apply:

*Kindly log on to your internet banking

*Go to investment and loan

*Click on quick loan and follow the prompt

Alternatively, kindly dial *737*51*51#

Kindly be assured of our commitment to providing you excellent customer service at all times.

Thank you for choosing Guaranty Trust Bank plc.

Yours Sincerely,

rookidmart:

Sent them an email and this was what I got:

shogbenga:
good morning gurus, I intend to invest 4m into fgn bond.
the rates i got are
a. 2026..yield 13.45..coupon 12.5

b. 2028..yield 13.57...coupon 13.98

c 2036..yield 13.98...coupon 12.4
i am a salary earner. your advice please. i have till 1230 pm to decide. thanks

yemmit90:


13.57% for 7 years.

If i were you, i will get land at vastly develop area with 3m and use the rest to fence it and process C of O. That could give you more than 8 Million in next 7 years.

Pascopele:
what the procedure to processing C of O?

yemmit90:


13.57% for 7 years.

If i were you, i will get land at vastly develop area with 3m and use the rest to fence it and process C of O. That could give you more than 8 Million in next 7 years.

needful:


Just incase you know. There is no guarantee that he will sell the land bought for 3m at 8m. No single assurance of that. Infact after 7yrs, the land may not even reach the 3m. It happened to me, bought a land in a good location in 2012, wanting to sell now, only to realise that the road network has gone very very bad that no one even want to buy it at the cost I bought it sef.

yemmit90:


13.57% for 7 years.

If i were you, i will get land at vastly develop area with 3m and use the rest to fence it and process C of O. That could give you more than 8 Million in next 7 years.

yemmit90:


13.57% for 7 years.

If i were you, i will get land at vastly develop area with 3m and use the rest to fence it and process C of O. That could give you more than 8 Million in next 7 years.

yemmit90:


I will never doubt your claim sir, but please can you explain what you mean by bad road network that prevent people from buying land there anymore? Besides,where is the location of said land{city and area located]

Acidosis:


3m plot of land + fence and CofO for 4M? That's impossible. Survey in Ogun states goes for 250-500k. And getting a survey is just one step to obtaining a CofO o.

Besides, why would anyone risk a 4M plot of land for a "paltry" 8M after 7 years when TBills at compounded interest rate (13.57%) would yield 9.8M over the same 7 year period?

That's a terrible investment decision even without being aware of the risk factors (land grabbers, legal issues, stress of getting a new buyer, agency fees, etc.)

mhm:



its actually 13.57 per annum so in effect he will make more than 8 m in the 7 years. (with a lot less stress)

needful:


Honestly I didnt expect this question from you. I bought my in portharcourt when the road was intact, only to realise now that the road is no go area now. So who wan buy a land in place where he cant drive in and out without having someone pushed the car out from the dirty erosion. Dont u know that alot of things are put in place when people wanna buy land. Road network Is number one sir, considering the fact that we are in a country that does not rehabilitate dilapidated roads. Bottom line is, there was no buyer right now. As I was told to wait until dry season so that new investors wont know how bad the road is. Imagine, assuming I have an urgent need now, what will I do?, na to sell below the price and solve my needs.

yemmit90:



So, your own 13.57% of 4M per annum for 7 years is over 8m?

yemmit90:


We are talking about land at vastly develop area, so 4M is enough to do all this.

Your calculation is wrong, 4m in TB at 13.57% interest in 7 years can only give you about 3.7m after charges.

No, it is not a terrible investment, land appreciate rapidly if you get it at good location, even ones at less attractive location are doing well in term of values. With C of O and fencing, it will be difficult for anyone to sell it without your consent[ you can also find someone to farm on it, so that the person will serves as your informant if you dont live in that city]. You can also write everywhere on the fence[ THIS LAND IS NOT FOR SELL, BEWARE OF 419 with your number]. Besides, i just used 8M as mere example, you can even make 1000% in some cases.

I have more than 30 personal examples i can give you but let me just use these two as example; A land bought at 60k per plot at Orita challenge Ibadan was sold for 5.8M a plot after 11 years. Another one at oluyole extension in Ibadan, i was personally being offered to buy it at 150k then but refused. Barely 4 years later, the said land was sold for 3M. Except they scam you by selling at above current land price in that location, you will always make a good profit on it.

To be honest with you sir, i never in my life sees any good land at developing area depreciates in value.

Infinitisi:


Do you know what compounding is and how it works? Take a look at the picture attached to see how the 4m is compounded annually over 7 years.

You can also use the compound interest calculator on this site to calculate it if you cannot calculate it manually. https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Infinitisi:


Do you know what compounding is and how it works? Take a look at the picture attached to see how the 4m is compounded annually over 7 years.

You can also use the compound interest calculator on this site to calculate it if you cannot calculate it manually. https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Lxdd:


Good day sir. I'd like to get involved in the NSE and I was wondering if you could please put me through.

Infinitisi:


Visit this thread and and read as many pages as you can, then ask questions https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick

ahiboilandgas:
land bought for 700 k in July 20/2004 sold for 15 m in 2019

Barrytone:
I have a land I bought in 2016 for 2m, just had a called to come witness trespassing. I am forced to spend another unplanned 500k to raise a little fence for demarcation. As for selling, I have been asked to forget it as no one will buy for 1.5m now.

yemmit90:


Thank so much for this response, i have already deducted my point from it. You simply bought a bad land at swampy area. This is the reason one should be very careful while buying land during the dry season.

There was a time a man took me to see a land at somewhere, everywhere has dried up as we were in dry season, but something saved me, i saw those kind of plants you only see at riverine areas. The price was very good but never a good land to invest on.