It is said that the new world is built on credit. Credit is the foundation of all the economic growth world has witnessed in the last couple of decades and at the centre of it all remains personal loans.
Personal loan is a tailor made financial solution to our everyday problems but if utilized properly and strategically, personal loans can aid in creation of assets. The reader need not be perplexed by this proposition, it is possible and achievable without much effort. Here are five ways to use that personal loan to generate more revenue –
Stocks – One can always trust the stock market. The SENSEX at BSE has never fall down from the 30,000 in the last 4 months, if you are somewhat apprehensive about the stocks go for blue-chip stocks. In Indian context companies with proven track record like MRF, TCS and others can be your best bet to get good ROI. With a bullish market and all bellwether indicating to further growth, Stocks can prove to be a game changer as far as alternate usage of your Personal loan is concerned.
Real Estate – Maybe one of the oldest and time proven investment portfolio. Real Estate has proven to be a safe investment time and time again. Especially after the implementation of RERA Act, 2016 (Real Estate Regulation and Development Act) the market for real estate has been transformed. According to a Knight Frank report the Indian Residential real estate market appreciated by 10.5%. The transparency provided by the act has generated more demand for apartments and on-site visitations have agreed. The lending from the Realtor side has increased which shows a promising upturn in the Market. All of this suggests that it would be wise to invest your personal loan in Real estate to get a good return.
App-cabs/taxi services- India has a $10 billion ride-sharing market. With the introduction of UBER and India’s own OLA and numerous other players entering the market, the potential to grow by investing in this market is exponential. All the companies offer partnerships of various ranges, one can easily invest his or her loaned money to buy a car and then use it to get into a contract with whomever he or she prefers. The recent trends clearly show that the market for app-cab and other taxi services will grow as the internet penetration into India increases, more and more people will be using such services. The offers provided by these companies are lucrative and can prove to be a potent source of wealth generation.
Land/Ecotourism – The domestic organic food market is expected to touch the high mark of $ 1.36 billion in India by 2020. This is a sector where still remains a lack of awareness but there is great potential in this unorthodox investment opportunity. The government has initiated a range of policies to aid this sector. Multiple foreign companies and especially Israeli companies are expected to invest in this market. Thus, if one wishes to invest in organic farming, it would be prudent. The investor can also couple it up with eco-tourism by offering paying customers to immerse themselves into farming and the beautiful simplicities of life. This way, he or she could have multiple sources of revenue from a single investment.
Online Ventures – With the advent of e-commerce manufacturing is not something that is only bound to the richest. Everyone can benefit from the growth from the e-commerce industry. The e-commerce industry in India is set to grow the fastest in entire Asia- Pacific region according to Forrester. The CAGR growth is expected to be at around 10 % with the expected valuation of $850 billion by 2020. One can easily create a small number of merchandise and access the e-commerce websites and through them a huge market without ever thinking about the rigorous and pain-staking paperwork. He or she can sell anything from keychains to T-Shirts, without even thinking about distribution.
Source :NYOOOZ DESK