Fixed Deposit Schemes


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tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 29-05-06 12:54:00

Quote:
Originally posted by pramesh

Has anyone had any experience dealing with Nelson Finance Group.


Hi!
I have not used them but here is my take. I have read through their business.
They offer loans for buying cars for high risk people. Their loans are all secured (since they will have the ownership of cars till the loan is paid).
I belive that their business will not grow as they are looking at a saturated market. So if any progress, the interest /FD rates will only come down. It is extremely a volatibe business (like dealing with crude oil/ forex). So i leave you to make your decision.
Personally, i would not invest in it unless i can afford to lose the money that i put in it. So it can form a small portion of your portfolio.
Besides , the lock in period of 4 years is a risk. Also see if their FD's are covered by CIDC .
TK


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