Between banks or lending institutions, which one do you prefer?

[Reedex]

It is important to choose the institutions depending on your specific financial needs and preferences. The banks would offer stability more than the lending institutions but the lending institution would also offer more flexibility more than the banking institutions. It is critical to also consider the interest rate that is offered by both banks and the lending institution as well.

 

[timewo]

Banks have a larger network, so they are likely to have a branch in the vicinity. Other lending institutions offer better interest rates, but may not have a large branch network.

 

[cherry123]

I think I always prefer banks. Apart from the stability from banks, they also remain more reliable and trusted than the lending institutions even though the lending institution would offer more flexibility

 

[nomad]

I prefer to work with bank instead of individual lenders. Banks have comparatively lower interest than the private lenders. Working with private lenders can also be very risky as they are notorious for confiscating colletral

 

[eldavis]

Most persons prefer using these apps rather than banks, because it is easier to get loans from them, but personally I do not like using anyone though cause I always try to avoid taking loans.

 

[Springtime]

I prefer to work with banks because they are more reliable and trustworthy. Lending institutions can be flexible and offer better rates. But unlike banks which are more stable, they may come and go.

 

[Stardom22]

According to me l do prefer the taking of the loans from the banks because they charge higher interest rates.

 

[arunima]

I have never taken any loan from lending institutions. I have taken all my loans from bank. Banks are reliable and more trustworthy.

 

[Ratine]

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As far as l am concerned, the banks usually offer some affordable interests on the loans.

 

[Stardom22]

In my country the banks are normally the best option because they give loans at affordable interest rates.

 

[Sanjeev]

I will prefer banks for the loans because they aks loan as per the government norms but the lending institutions have their wish to fix the interest rates of their own.

 

[Shavkat]

As much as possible, I do not want to loan from either of these two.

 

[Etini Willie]

Banks are a bit regulated and structured in their lending process. And that is why I would prefer them to all those lending institutions.

 

[stan358]

I still prefer the banks than the lending institutions. This is just because the banks would always give you a low interest rate unlike the lending institutions that rip people off..

 

[Stardom22]

As far as l am concerned, l prefer the taking of loans from banks rather than the lending institutions for that matter.

 

[stan358]

The banks are always better than the lending houses. Loans from the banks has lower interest rate than the ones you get from the lending homes that are around you..

 

[Stardom22]

In my country, the Banks are the most reliable avenues for taking loans on for sure.

 

[arunima]

Banks would come under the regulation of government and that gives us some sense of security. Lending institutions might not have such regulations to follow. I find that a bit risky too.

 

[Starmix]

A bank is not easy to manage or negotiate once failed to pay. They keep on surchargjng it's the same by a private lending institutions.

 

[King Belieal]

If I ever have to take a loan, it would rather be from a bank. Their interests rates are always reasonable.