Helping Entrepreneur’s & Founders

After working for the corporate world if you have decided to start of a new enterprise it’s important to re-look at the investment plan and to plan for adequate liquidity which one may require in order to fund the business as well as well as take care of personal expenses as there will be no incoming credits to the account. With our experience what we have seen is a lot of times in such cases individuals look at closing their existing Home Loan if any. We always advise to shift to an Overdraft linked Home Loan and park the surplus in the same account. So individuals are not charged additional interest and the EMI goes towards payment of principal only so one starts paying principal faster. The biggest advantage to this is in case the founder is looking at borrowing for business they can draw the required into the amount parked in the OD linked home account and thus get funding at a much cheaper rate for their business.