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Loan on a dollar savings

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ayushnehra		#1 Posted : Saturday, February 24, 2018 5:43:40 PM
Rank: Member Joined: 1/4/2015 Posts: 153		Fellow, Wazuan's I wanted your input on a query. As some of you may know one can borrow on KES fixed deposit/savings at 3-4% margin on savings rate i.e. If a fixed deposit of X is earning 8% once can borrow roughly 0.9X or less for 11-12%. Does this logic also apply to USD/GBP savings? Are the same margins charged as they are for KES? GBP/USD savings are at mostly around 1-3%, and if the above logic applies, therefore, one can borrow at 4-7%, which I think is comparatively cheap. Is it as straightforward or is there more to it? Kindly educate. Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Mukiri		#2 Posted : Monday, February 26, 2018 1:49:56 PM
Rank: Elder Joined: 7/11/2012 Posts: 5,222		ayushnehra wrote: Fellow, Wazuan's I wanted your input on a query. As some of you may know one can borrow on KES fixed deposit/savings at 3-4% margin on savings rate i.e. If a fixed deposit of X is earning 8% once can borrow roughly 0.9X or less for 11-12%. Does this logic also apply to USD/GBP savings? Are the same margins charged as they are for KES? GBP/USD savings are at mostly around 1-3%, and if the above logic applies, therefore, one can borrow at 4-7%, which I think is comparatively cheap. Is it as straightforward or is there more to it? Kindly educate. Get the money from abroad if you can. Kenyan banks ask for too much return Proverbs 19:21
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ayushnehra		#3 Posted : Monday, February 26, 2018 11:23:31 PM
Rank: Member Joined: 1/4/2015 Posts: 153		Mukiri wrote: ayushnehra wrote: Fellow, Wazuan's I wanted your input on a query. As some of you may know one can borrow on KES fixed deposit/savings at 3-4% margin on savings rate i.e. If a fixed deposit of X is earning 8% once can borrow roughly 0.9X or less for 11-12%. Does this logic also apply to USD/GBP savings? Are the same margins charged as they are for KES? GBP/USD savings are at mostly around 1-3%, and if the above logic applies, therefore, one can borrow at 4-7%, which I think is comparatively cheap. Is it as straightforward or is there more to it? Kindly educate. Get the money from abroad if you can. Kenyan banks ask for too much return That is the toughest part my friend, options are UAE and EU but not as easy as I hoped. Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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