is it better and safer to take loans from private individuals or from banks?
Is it better to take Loans from Banks or from private individuals?
Replies (2)
Quick Summary
It is always better to take loans from bank as they are regulated entities and RBI ensure lot of transparency which helps in serving the customer interest in the best way. There are proper grievances redressal mechanism put in place by the RBI which will not be available if you take the loan from indivuals
But some banks legit charge you excessive interests and charge you too much towards paperwork. Is that legitimate or justified?
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
