My sincere advice do not go for personal loan. This will suck your blood. No mercy from bank. They will kill you. It is death trap. Better sell of your available asset, like gold, FD etc. or do not take new expenses. Be with out food for one night, but no personal loan in life time. Banks are looting giving personal loan
Re: Personal loan from bank
by sam on Sep 26, 2014 01:49 AM
if the repayment is half of your salary, go for personal loan to purchase land and house , whihc can worth the interest of repayment after the period and it will increase the price after the loan period, only go for lesser amount of re payments
People have to be taught and encouraged to save-money to face any unexpected expenses, instead of borrowing and becoming debtors. Thumbs down for this article. START SAVING AND NEVER BORROW FOR ANYTHING. ITS MORE BLESSED TO GIVE THAN TO RECEIVE.
Re: Not a good article
by sam on Sep 26, 2014 01:46 AM
me think , you have not faced a cash crunk situation like marriage, urgent medical expense etc.. in such a situation a loan can bail you out, but take only from islamic banks who do not charge any single penny as interest
People have to be taught and encouraged to save-money to face any unexpected expenses, instead of borrowing and becoming debtors. Thumbs down for this article. START SAVING AND NEVER BORROW FOR ANYTHING. ITS MORE BLESSED TO GIVE THAN TO RECEIVE.