Having been unemployed for a considerable period of time i have decided that i my have to buy myself a job by purchasing a small business.
With money in the bank i was thinking of borrowing money using the BNZs total money.
The amount that i borrowed would be less than what i have in the bank so am i correct in thinking that no interest would be paid? With returns on my money at an all time low with the bank this appears to make sense to me.
With a freehold home i would use that as security.
Pitfalls anybody?