Where do you get short term loans?
- Thread starter nomad
- Start date
I have never borrowed any money except the mortgage loan when I purchased my apartment. But I do use credit card for cash back. I always pay the credit card bill on time. Never paid any interest. If some day, I really need to take out a short-term loan, I may go to a reputational financial institution. They are more flexible than banks and processing time is short.
I don't have any source of getting short term loans apart from getting from colleagues and friends.
The reason why such corporations and lending organisations offer loans is due to the fact that they charge a very heavy sum of interest. I will try my best to avoid such kind of organisations, as I may borrow interest free loans and borrow personal loans from my family members.
- Thread starter
- #36
In our country micro finances two types of loans, one for a longer period of up to 3 years and a short years for 3-4 months. Longer term usually comes with a lower interest rate.
