Personal Loans

[topiczer]

Due to rising interest rates charged by various banks, and financial institutions, and stricter lending criteria, personal loan rates are already high and are more likely to continue to rise.

 

[Springtime]

Yes, with the rising interest rate, the cost of borrowing money is getting higher. I never borrow money except that I use credit card for getting cash back. I always pay my credit card bill on time. Never paid any penalties or interest for late payment.

 

[cherry123]

Yeah I think it is inflation that's the problem for this high loan charges now . it is really bad here.

 

[Stardom22]

Inflation has caused the rise in prices for almost everything in the market for that matter.

 

[Urvashi]

I don’t have a personal loan, I would live in depraved but never take a loan

 

[Lolita]

I don’t have it, but I am open to personal loan if I am ready to start investing in property

 

[Nomad]

I have outstanding loan, both business loan and personal loan.

 

[cherry123]

Personal loans come with downside of lenders charging origination fees. Rates may be higher than other financing options. Potentially high monthly payments. Missed payments negatively impact credit

 

[monaco66]

I always recommend avoiding any type of loan, and if in the worst case scenario you request a loan, you must remember to pay it as soon as possible and avoid accumulating more loans, unless you want to live paying debts.

 

[Nomad]

If you are getting a loan, the first thing to check is whether you will be able to repay or not. Loan is not a free month, it must be paid with interest