How to use loan money efficiently?

Having received the loan amount for the purpose is very exciting but you should remember to:

 

  • Use a separate bank account for your loan amount to keep track of expenses

 

  • Spend only on the purpose for which you have taken the loan

Pro Tip

Duration of loan split month – wise Duration of loan split month – wise Requirements and Goals for the month Requirements and Goals for the month Spending Amount Total Monthly 
January Inventory for Business  ₹10,000 ₹2,95,000
Purchasing Retail Items ₹50,000
Purchasing Cost of Machinery ₹2,00,000
Rent ₹25,000
Miscellaneous ₹10,000

Check out our Financial Budgeting and Planning guide to know more!

Sreedevi

CONGRATULATIONS

You have successfully completed basics of loans! Let us keep building our expertise!

Continue learning

Types of Loans

Learn about different types of loans
Start