Why people don't want to borrow money from acquaintances? I think we can talk about it from the following angles:

1. Time

Borrowing money from relatives and friends, the repayment period is generally short. If you buy a house or other large amount of money, you can't repay it in a short time, but you can borrow it for decades through bank loans and pay it back slowly.

2: Amount

Borrowing money between acquaintances is generally limited, while banks or other institutions can borrow a lot to meet your various needs.

3: Interest

It's hard to talk about interest when borrowing money from an acquaintance, and it's not good to feel high or low, but the interest is clear when borrowing money from a bank.

4: Human feelings

Borrowing money from acquaintances is human feelings, and we always feel that we owe each other. However, borrowing money from other institutions is completely a commercial act, and there is nothing to be ashamed of. It's mainly a matter of human feelings, and the other thing is to borrow money from relatives. Maybe others will borrow money from you later, so you may have other uses, and it's not good not to borrow money then.

Let's talk about why people need loans.

1: The loan amount is large

Generally speaking, you can get a loan from one bank without going to many banks, so you can get a one-time loan to the amount you want, and it is very convenient and fast, so you don't have to borrow money from many people.

2: Long loan time

Borrowing money from relatives and friends can only be short-term, at most a few years, while borrowing money from banks can last for decades, with long repayment time and small annual repayment amount, which is within my tolerance.

3: Don't look at your face, don't ask for help

Borrowing money from a bank only depends on your credit information, and borrowing money from a friend is that you are asking for help from others. This feeling is also different. Sometimes you are embarrassed to speak, or your mouth is rejected, and the experience is not very good.

So sometimes it's better to borrow money than to borrow it.