Of course yes, we prefer Loans in case of no money or insufficient funds. Usually, banks, non-banking financial companies, financial institutions lend money. Borrowers are supposed to repay the money with a certain rate of interest. Penalties and late fees would be applicable in case of non-payment or late payment and it also affects the credit scores. Wherein in case of lending money to our friends or family, there won't be any documents or proof, what if they do not repay. In this video, we have given detailed information about what are the things we need to remember before we lend money to friends or family members
Subscribe to Our Channel
Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel.
This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.