When is it actually "okay" to take a loan?

[King Belieal]

Everyone always berates taking loans. In fact, the way people talk down on loans make it look completely evil. Let me ask, is loans completely a bad thing? Is there any positive thing about loans? When is it okay for someone to get a loan?

 

[Suba]

We can take out loans for good purposes, such as increasing wealth, purchasing property, or adding capital, etc., but we must also be able to afford monthly installments of no more than 30% of our monthly income, and ensure our financial situation is stable.

 

[Fidelia]

We can take long term loans to acquire assets that would start yielding immediately. Taking loans is a good thing at that point