A loan of 1% payable after 6 months. Would you take such a loan?

[Kross]

I know that it is loan terms that make people run away completely from loans. Imagine if you see a loan that has just 1% interest to be repaid after 6 months. Would you take that kind of loan or you won't come near it?

 

[Augusta]

Yes, If I took out a loan with the intention to settle it after 6 months, at that low interest I would take it

 

[eLdavis]

While this might be a good offer I won't take it personally, this is because i want to try avoid taking loans as much as possible.

 

[King Belieal]

Does this kind of loan even exist? I would grab this loan with both hands if I see it. But I won't take beyond $100. Don't want to burden myself.

 

[Springtime]

I try to avoid taking out loans regardless of the interest rate. 1% is low but it's still additional money I have to pay.

 

[Augusta]

Yes if you are allergic to collecting loans as you don't wants to owe then it is better you do away with the thought

 

[Fidelia]

The loan term looks nice. But I would only go for it if I am certain that I have a need for it. The terms won't make me take it when I don't need it. And I hardly ever need loans.

 

[Sanjeev]

Yes, it is a good offer and I will take such loan if required.

 

[Trush Jodie]

As at now, I won't still take such a loan. I don't need a loan in my life at now. It won't benefit me financially and would always work my mind out.

 

[gwolf666]

I try to avoid payday loans, but if I have no other option and absolutely need a loan, it's not a bad idea, to be honest. It's possible that I might accept a loan like this.

 

[Min George]

I won't mind accepting a loan with these kind of terms. I think it is only co-operative societies that give those kinds of loans.

 

[Augusta]

I will take it if I really need the loan. But naturally I don't like to take loans . I don't like the pressure that comes with payback

 

[kit_hung]

The loan term looks nice. But I would only go for it if I am certain that I have a need for it. The terms won't make me take it when I don't need it. And I hardly ever need loans.

Listen, that one percent loan sounds good, but not everything that is easy is sweet.

Don't go into debt without a good reason. Even a cheap loan can tell you at the end of the month.

It's better to focus on supporting yourself with your own savings. A loan is only like a last resort.

The person who gives you a loan never stops giving you doubts. Continue to be smart about your money.

 

[Suba]

In general, loan interest rates are higher than those of central banks, government bonds, and time deposits. If I found a loan with a 1% interest rate, I would take out a $10,000 loan and deposit it directly in a bank or buy a short-term government bond with a fixed coupon of 5%, and make money from the interest.

 

[Fidelia]

A loan that takes only 1% as interest monthly might just add up if it is a long term loan. It can be good short term.