Skysaint
Verified member
Taking loans from bank is not just what you wake up in a day and decide to do. You must have a very feasible plan for how you are going to make payments even if push comes to shove. You are right about the interest rate but I think that of most lending institutions are much more higher when compared to that of bank loansI have always opposed bank loans. This is because they deal in interest and I dislike interest. There are many people who took interest and they later went bankrupt because they were simply unable to pay off their loans to bank and the banks siezed their assets and other properties in return. They even took away their cars and some other kind of small possessions.