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  1. K

    Borrowing offshore at lower interest rates.

    Hi GrossR, thanks for the info. My broker did say that HSBC would give loans of 4M. So my mistake was to ask for too little! But seriously @ 85-90 cts to USD, I wouldn't have touched it with the proverbial whatnot. Now at 60cts [may even be 55 soon], it's beginning to look alluring...
  2. K

    Borrowing offshore at lower interest rates.

    Hi, if someone understands all the ramifications, the loans are the same as normal home loans. The borrower need to monitor FX directions & make some money on reading the movements right. The other way is to REPAY in the chosen currency. Banks normally lend to people who prove steady income...
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