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Your Queries (Loans): Do not take loans to fund your stock market investments
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By Chaitali Dutta
I am planning to take out a loan to invest in some initial public offerings (IPOs). How can I get a loan and what will be the interest rate?—Prashant Rajput Leverage is avoidable for salaried families who have financial goals yet to be fulfilled. The interest payable on the loan may sometimes wipe out the gains in speculative investments. Then there will be tax payable on the capital gains on the equity investment that you will do. I advise you to accumulate the intended EMI you would have paid on the loan and then get into equity markets in a planned way.
I want to apply for a joint housing loan with my brother to construct a house on a plot. Will a bank finance it and what documents that I need?—Amit Tandon Siblings may
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