[Grammar] though having vs. despite having

[vpkannan]

Hi,

1. Though not having enough amount, we decided to buy a land with loan.
2. Despite not having enough amount, we decided to buy a land with loan.

Are both of them correct?

Thanks.

 

[vpkannan]

There are other grammatical errors in your sentences.

What are the grammatical errors? Please correct them.

 

[Tarheel]

Hi,

1. Though not having enough amount, we decided to buy a land with loan.
2. Despite not having enough amount, we decided to buy a land with loan.

Are both of them correct?

Perhaps:

We borrowed money to buy a plot of land.

(If you had had the money (cash) you wouldn't have needed a loan to buy the land.)