Private Money Lending or Bank Loan: Choose the Best Option
We can all use some extra cash every now then, and getting a low-interest consumer loan from a bank may be a great way to urge that done. However, there are other ways for you to borrow money too. No, we’re not talking about loan sharks. We’re talking about licensed moneylenders in Selangor. There are companies out there that make money by legally lending cash to people at interest, a bit like banks. Before we get to their differences or apply for a personal loan Selangor , let’s mention how banks and moneylenders are similar: Both charge interest for your money Both will charge penalties for late payments The similarities end there, just about. There are many important differences between the 2 that will affect which one you select to travel to for your next application. How Much You'll Borrow Banks can afford to lend you far more than a daily moneylender could. You’ll borrow up to x amount and for a way longer tenure also. Banks can do that because they