eagleeye2:
Sometimes this year I accessed a loan of 600k for a business idea I have. The loan tenor is 24 months and I will be repaying about 750k interest and Principal inclusive. the business is projected to yield 60k monthly for about 15 to 18 months.
The beauty of this is that my salary is my collateral. After deducting their monthly repayment amount, I still have something to fall back on, while still earning from my side business.

Please which lender is this

dsauce:

Please which lender is this

A micro finance bank, in the east. My salary account is domiciled there.

eagleeye2:

A micro finance bank, in the east. My salary account is domiciled there.

Okay, thanks

nice thanks

eagleeye2:
Sometimes this year I accessed a loan of 600k for a business idea I have. The loan tenor is 24 months and I will be repaying about 750k interest and Principal inclusive. the business is projected to yield 60k monthly for about 15 to 18 months.
The beauty of this is that my salary is my collateral. After deducting their monthly repayment amount, I still have something to fall back on, while still earning from my side business.

Dude, it seems to me that your percentage is too high and it’s very unprofitable for you. In addition, you took a very large amount on credit and it seems to me that you can pay it back. I also took out a loan more than 2 years ago in Denmark in order to build a hairdresser. I searched for suitable options for a very long time, but could not find good offers. Most banks offered money, but they had a very high percentage. In the end, I was very lucky that I learned about https://foxycredit.com/. There you can easily and quickly find profitable offers for obtaining loans. As a result, I received from the bank more than $ 250,000 at a percentage of 3.5 and it was very profitable for me. Recently, I was finally able to pay this damn loan)

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