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Personal loan
Advantage and disadvantage of loan
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[QUOTE="Skysaint, post: 204653, member: 48818"] There are advantages and disadvantages of taking loans maybe as a business owner or whatever and you have clearly explained what is involved in taking up loans and what it entails. Many people take loans for several reasons and if the loan can actually satisfy that need at that point in time then I would consider that an advantage for taking such loans. Some people take loans to sort themselves out in school which is just very rampant in my school, some take loans to feed themselves, some take loans to start up a business which wouldn't be possible if they tried handling it all by themselves. So when the money is serving it's purpose then you can call that an advantage. But the disadvantage is actually what comes afterwards or the condition for taking up such loans. The pressure on you when running a business that wan founded by taking loans is actually a disadvantage, when the business you thought was all profitable starts disappointing you then that's a disadvantage as their may not be any other viable means to repay back the loans. Some are actually the interest rate especially loans from the private institutions, they are just way too high. So before taking up loans we need to consider all factors and see if it's something that actually worth the stress [/QUOTE]
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Advantage and disadvantage of loan
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