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Personal loan
Which is more advisable lending money from bank or friend?
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[QUOTE="Suba, post: 252632, member: 3658"] In my opinion, which one is more advisable to borrow money from a friend or a bank, it really depends on the importance of using the money. If we need fast money for emergency purposes and the amount is not too large, we can borrow from a friend, and even then it would be better if we provide a guarantee in the form of a letter. vehicle ownership or home ownership certificates, to reassure our friends that we will not run, and are expected to pay off debts in a short time. But if we need money as additional capital for the development of business products, it would be better if we borrow money from the bank for the long term, with installments and interest that has been determined every month. [/QUOTE]
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Which is more advisable lending money from bank or friend?
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