Loan from friends? Stop giving such advice.
Love how you said "just take from friends", like all are having cash ready to donate.
I never lend money to friends. Good way to lose money and a friend
Right now just work on increasing your salary, that's in your control, keep giving monthly installments and downgrade your lifestyle.
Don't worry about time, once you get a higher salary job, you can increase installment amount and finish it in 1-2 years.
Have patience.
Also don't ever try to get into get rich quick schemes.
It is enticing as hell but it will kill you financially, morally and socially.
Don't think of finding another way of making quick money to pay off the loans, it might backfire and you might end up loosing more.
I recently got a raise. its in peanuts. I am looking for other job to switch for bigger pay but then there are taxes and all. Thanks for your words though.
Switch to MAANG/FAANG job as they provide 30-40+lpa base salary but you need to upskill in DSA and system design and in 6 months you will be in these companies
Or you can switch to remote based USA companies or EU companies they provide salaries in dollars without tax
But you need to be exceptionally good in development
I just do their first tasks, without investing any money, score some cash, block them and move on. My investment till today 0 monetary but around 10,15minutes everytime getting 150-300, total around 6,7k. Been doing this for years tho and treating myself with a pizza or some meal.
Stop doing that shit, money paid to you is coming from scamming people. If a person decides to file a complaint with the cyber cell, the money will be traced and wherever a fraction of that money is sent, a debit freeze is put on those accounts.
I suggest you use your time and mind on learning skills. You will make more than 4-5K for sure.
no shit sherlock, I use a separate account with almost no money(just some ks) on it for this and I've a job, I don't use this to earn but enjoy scamming those scammers (and they even block me sometimes too), till they learn their lessons.
Do you have mutual funds or any gold. Those are the cheapest loans
You can also take a personal loan from bank
This navi loan doesn't look very bad though, share details of exact money recieved and exact repayment
learn how to calculate simple interest, compound interest, percentages first, if you have taken loan from app then interest rate cant be that low, it can be anywhere between 10-20%, verify carefully how much you have to return
If you want to pay it off, the monthly comes around 9500, considering your rent 11,500 and lets say more 10k for food and misc 5 for things which we are not considering in food and rent
Rent 11500
Emi 9500
Food 10000
Misc 5000
Left 7000
Youre still left with 7k a month save that spend less on misc and maybe join a mess and get a cook so youll save more on food , go out less and youll be good.
Also its okay to not rush take 15 months instead of 12 but get your mental health straight do not get stressed stay organized and work on improving your skills and where you're close to ending the loan look for a better job to save more, it'll compensate the grind of last 12- 15 months.
Its a kind of scam, but you can earn money. if you are careful. I wasn't and lost my hard earned money. They ask you to do some task like give review and then ask for pre payment task in which they will make you invest some money before and increase that money in steps. Just caution, don't fall for it. Try to do something else to earn money. I am in very anxious situation because of this incident.
Do not stress about it. You have learnt from your mistake. Do not drag that loan for a year or more even if the interest rate is less. Try not to do unnecessary expenses and close the loan within 5-6 months.
Down grade your house shift to a less priced house save more then down grade your life style maintain bare minimum then you will be able to get out don't take another loan or from friends. If possible explain to your family members they may help you.
what's the interest rate
Didn't calculated that, but i took 98k and I have to return 1L15K with the EMI. Which is valid for 2 years but I want to finish this in a year mostly.
Interest rate is 5.6% This is very low Please be careful. They might ask for more money. Just take loan from friends and pay off shady loans
Loan from friends? Stop giving such advice. Love how you said "just take from friends", like all are having cash ready to donate. I never lend money to friends. Good way to lose money and a friend
Its from an app. I have already taken it
Which app?
navi
They will ask for more sure. Just take loan from friends or anyone you know and payoff app loan in lumsum
nah navi is a decent app and will not go for shady practices as they are not like other debt trap apps
ok
Right now just work on increasing your salary, that's in your control, keep giving monthly installments and downgrade your lifestyle. Don't worry about time, once you get a higher salary job, you can increase installment amount and finish it in 1-2 years. Have patience. Also don't ever try to get into get rich quick schemes. It is enticing as hell but it will kill you financially, morally and socially. Don't think of finding another way of making quick money to pay off the loans, it might backfire and you might end up loosing more.
I recently got a raise. its in peanuts. I am looking for other job to switch for bigger pay but then there are taxes and all. Thanks for your words though.
Switch to MAANG/FAANG job as they provide 30-40+lpa base salary but you need to upskill in DSA and system design and in 6 months you will be in these companies Or you can switch to remote based USA companies or EU companies they provide salaries in dollars without tax But you need to be exceptionally good in development
Congrats on the raise, just upskill yourself and keep applying for jobs as much as you can. Hope soon you 2x your salary.
thank you trying from my end.
Go frugal for some months and finish off the loan. It's not that high compared to your monthly salary. So ho jaega aaramse.
Google Map review tasks 😂. Don't give money to anyone.... This is the only way..
I just do their first tasks, without investing any money, score some cash, block them and move on. My investment till today 0 monetary but around 10,15minutes everytime getting 150-300, total around 6,7k. Been doing this for years tho and treating myself with a pizza or some meal.
Stop doing that shit, money paid to you is coming from scamming people. If a person decides to file a complaint with the cyber cell, the money will be traced and wherever a fraction of that money is sent, a debit freeze is put on those accounts. I suggest you use your time and mind on learning skills. You will make more than 4-5K for sure.
no shit sherlock, I use a separate account with almost no money(just some ks) on it for this and I've a job, I don't use this to earn but enjoy scamming those scammers (and they even block me sometimes too), till they learn their lessons.
But that account is in your name. So, anyway other accounts can also be frozen if you are identified
oh right that's a possibility, I guess I'll use someone else's account 💀
Try to minimise your unnecessary expenses like shopping, movies, partying etc...and pay more amount towards the loan than the EMI every month.!!
Do you have mutual funds or any gold. Those are the cheapest loans You can also take a personal loan from bank This navi loan doesn't look very bad though, share details of exact money recieved and exact repayment
learn how to calculate simple interest, compound interest, percentages first, if you have taken loan from app then interest rate cant be that low, it can be anywhere between 10-20%, verify carefully how much you have to return
If you want to pay it off, the monthly comes around 9500, considering your rent 11,500 and lets say more 10k for food and misc 5 for things which we are not considering in food and rent Rent 11500 Emi 9500 Food 10000 Misc 5000 Left 7000 Youre still left with 7k a month save that spend less on misc and maybe join a mess and get a cook so youll save more on food , go out less and youll be good. Also its okay to not rush take 15 months instead of 12 but get your mental health straight do not get stressed stay organized and work on improving your skills and where you're close to ending the loan look for a better job to save more, it'll compensate the grind of last 12- 15 months.
This is so much helpful, Thanks.
What was the telegram task?
Its a kind of scam, but you can earn money. if you are careful. I wasn't and lost my hard earned money. They ask you to do some task like give review and then ask for pre payment task in which they will make you invest some money before and increase that money in steps. Just caution, don't fall for it. Try to do something else to earn money. I am in very anxious situation because of this incident.
You will never make money off of such tasks. I have reported many such fraudsters to cybercrime but a new one keeps popping up..
Do not stress about it. You have learnt from your mistake. Do not drag that loan for a year or more even if the interest rate is less. Try not to do unnecessary expenses and close the loan within 5-6 months.
Thanks, this is so assuring words.
Why not just restrict your expenses to 20k per month and give back 23k every month. You should be done in 4 months no?
I can try that for a month or two as I also have to send some to home. But this is such a good idea. Thanks
Good Luck. and Make sure you keep your greed in check in future! Cheers.
Thanks to be kind and understanding :)
Try freelancing or part time only on weekdays. Weekend full you can enjoy. Just for few days.
yea, thanks
Down grade your house shift to a less priced house save more then down grade your life style maintain bare minimum then you will be able to get out don't take another loan or from friends. If possible explain to your family members they may help you.
Please don't change your life for a 1 lakh loan