Does loans have benefits to the borrowers?

[Xtynehappy]

Most borrowers for loans are
people that suffer so much losses on the high interests rates being charged on their loans and the harassment for the repayment of the loans. For me l really don't see any benefits for such practices.

 

[magnus2022]

In business world, rich men borrow to do business. Therefore, it is the mismanagement of the loan that makes it looks like it is beneficial to the borrower. You must know what you are doing with the loan before going for it. Most poor borrowers don't know what they want to achieve with the money.

 

[eLdavis]

Taking loans does have benefits to whoever borrows it, that was why they borrowed it in the first place.

 

[Springtime]

People borrow money for various reasons. Well off businesspeople may borrow for business projects. Poor people may borrow because of lack of money for daily expenses.

 

[Augusta]

it does as one you have money in your hands and secondly you have money to sort out your issues

 

[Suba]

A businessman should know when a business needs additional capital, not borrow money when you are losing money, due to mistakes in various business management.

 

[Fidelia]

Some people would get access to quick funds by virtue of loans. It is not really bad as far as they can pay back.

 

[Min George]

When loans come in to rescue a distress situation, we can rightly say that it is very beneficial to the people that get it.

 

[Augusta]

Yes, you can use a loan to starts business. You might not having the savings needed to kickstart the business