WEBODIGY Business & Finance Journal

bureaucracy that must go through when going to borrow cash to the bank, often makes some people choose to borrow cash directly into the personal. Whether it’s relatives, neighbors, or colleagues. Especially when the amount of funds to the loan amount was too much. Providing cash loans, once, twice, not a problem. But what if this becomes a habit, because the people around you know that you are someone who is not very sure tegaan and will provide loans?

Following points should you fikirkan also is whether the returns in accordance with the time specified? When you’ve finished this, you can not longer provide cash loans granted. For some people, it is not so easy to say “sorry I can not?. Moreover, the borrower is very appealing to you. Pity too often heartbreaking. So how do we just give loans to people who really need? Follow these tips follows:

You just know the borrower

This is quite important, you are quite familiar with the borrower, at least you’ll know that the borrower is telling the truth or not when you say they want to borrow on your cash.

In addition, you can also determine whether the purpose of borrowing is true or not? Even though your heart says that you should help, but in many cases, cash loans is not the best way to help a friend. But if the road is still to be chosen, try to show your sense of caring. Ask for what he had to borrow money by that amount.

Please do not hesitate

With just your closest friends can not hesitate if you do not want to give loans. Moreover, if the borrower is a person who does not so you know, or have not been in touch with you suddenly appeared, and intend to borrow money directly to you. If you have this, just say “sorry I have rules to lend money to someone else, please be advised?. You do not worry be stingy. With at least say that you have demonstrated a firm stand on your own.

Ask yourself

It is also important for you to do. Try to do before you actually decide to give a loan to your friends. Why? Sometimes we do not know the true financial condition of the borrower’s real.

How it would be if the borrower has a habit of digging a hole lid. What’s worse, if the borrower has a goal to buy goods that are too expensive for her. Or even a credit card can no longer be used because it was still a lot of unpaid arrears? If such a situation, you should think back to make loans. Responsibility of the borrower who has a character like this is very questionable.

The purpose of borrowing

Note well the purpose of borrowing funds. Do not hesitate to ask for the allocation of loan funds, whether for business or for business capital? Then confirm the purpose of borrowing, whether he was merely borrowing to finance their business or to invite you to work together, in the sense that you will act as an investor? If you apply as an investor, you have the right to benefit from these efforts and not the rights to loan repayments alone. But when the loan is only used to finance the effort, you can lend it to the right to obtain repayment in full.

Regarding interest rates, it depends on you. Are you going to charge interest on the loan or not. After all, your money was used to finance the business element. A little aside elements of usury. Interest loans can be used as “weapons? When the borrower began to be absent