First, let's look at bank loans:
Formal procedures, everything is clear, no human feelings, how much to borrow, how much to pay back, when to pay back, how much interest, in black and white, violation of that is a lawsuit! At the same time, if you meet the requirements, you can borrow a lot of money from the bank!
Secondly, let's look at borrowing from relatives and friends:
Borrowing money from relatives and friends is simple and quick, and it is difficult to raise a lot of money. Moreover, the interest period of the loan is flexible and the constraints are relatively small. It is true that the loan cannot be repaid when it expires, and it can be extended ... After all, relatives and friends are relatives and friends ... However, their ability is limited after all, and it is very difficult to raise a large amount of funds. Moreover, at present, social development needs to give interest more or less, even if one point is relatively low, one year down.
Finally, let's analyze the applicable scenarios of bank loans and loans from relatives and friends:
1, bank loan: the amount is relatively large, with corresponding asset mortgage, relatively stable return and long-term capital demand. In this case, bank loans have its advantages, such as large amount and low interest rate, and through the accumulation of credit, the scale of future loans can be effectively expanded!
2. Borrow money from relatives and friends: People who are good at dealing with all kinds of relatives are handy, need limited funds, have certain risks, have uncertain cycles, or have emergencies, such as individuals paying down payment for buying a house, young people starting a business, families using money for emergencies, or need a small amount of funds, but they may take a long time and cannot determine the repayment date ... Personal credit information is not good, and the style is limited, so they can only borrow it from relatives and friends!
To sum up: whether you borrow money from relatives and friends or from banks, you have your own strengths and weaknesses! But from the principle of borrowing money, borrowing money from the bank is to act according to the rules, to borrow money from relatives and friends, to borrow money from family and friendship, and the risks are with you ... So we must pay attention to honesty and deal with all kinds of family and friendship relations!
If you can set a reasonable interest rate and let your friends and relatives share your achievements, your family will be rewarded and your family will be stronger!