Need A Financial Product Forums Loans How to finance a machine for my personal clinic How-to-finance-a-machine-for-my-personal-clinic_REPLY

#48451
samkapoor77
Keymaster

Whatever interest you have to pay to the bank can be shown as expense in your profit and loss account which will give you taxation benefit. This benefit will not be there if you borrow a loan fro the machine. For that reason, taking it from overdraft account will be more beneficial.