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Personal loan
Am thinking of getting a loan
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[QUOTE="btaliat, post: 215131, member: 26390"] Have you asked your mom the reasons why she is against the obtaining of loans? Does she have another alternative way to help you secured fund for your intending business? It no, you may consider this before you go for your loan.. Having feasibility study that's solid is not the yard stick to go for loan. There are unforseen factors that can ruin the workability of a good feasibility study. For instance, pandemic can be one. But if there is some measures against this, then loan can be considered. The conviniency of loan should be considered. There is need to the term and conditions on which the repayment of loan should be made. If the repayment favors you, then there can be consideration on obtaining loan. At least the interest should be one digit figure and the time of repayment should span a year at least. There should be alternative of how to repay the loan. There are most time when the plans and the business we obtain loan for may not work out, then there should be another way of repaying the loan before it becomes dent and heavy debt on us. [/QUOTE]
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Am thinking of getting a loan
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