[Akanaris]

How do you see the needing of loans, in general position.

If u are into a bad situation , would you rather make a loan or wait and figure it out somehow?

[$läng$Ƶ]

Loan and insurans? what do you mean

[Akanaris]

Loan and insurans? what do you mean

here in Europe is Loans , means just bank

[Komodo]

This is a completely situation based question.
Every factor can throw this off.

If you need the money and it’s a low interest rate, sure.
If you need a car and can’t pay in cash and it’s a low interest rate, sure.

I don’t get what you’re asking.

[Yanix]

here in Europe is Loans , means just bank

I am not into loans, maybe you can find another way out for your problem.

I wonder how much per annum is the interest rate for your bank loans?

[Eran]

Depends, I'd always try a different route but sometimes there is no other choice.

[jellyfish3141]

Depends. I mean, even legitimate loans feel like they are meant to exploit the desperate, but on the other hand, loans are sometimes necessary.

[z x v]

It's something both parties benefit from, so yes.

[Aeowulf]

There's definitely some predatory lending practices, but generally loans can enable people that wouldn't otherwise be able to afford something the ability to acquire it. Generational wealth can be started by smart borrowing practices. Wealth can also be squandered by poor borrowing choices. So, it can be beneficial and detrimental for people depending on many things. Generally though, yes.

[Nostre]

IMO loans should only be taken out to pay for future assets and not liabilities. If you cannot use the loan for investments, it shouldn't be used at all. Taking out a loan to consolidate debt just results in the same thing, debt that needs to be paid off.

[webdev77]

Unless you have infinite resources, loans have a place in society. They are a means of increasing financial leverage. There are smart ways to utilize loans and there are predatory loans that prey upon the uninformed and desperate.

[flavoral]

I would only recommend someone to take a loan as last option, especially if there's a risk that you can't pay it back in time.

[Opto111]

It’s helpful if you’re sure you can pay it back.

[Cap]

It all depends on the person’s situation and scenario. Vehicles, cars, college - they play an important role. If you’re just taking loans out to pay off other debt, that is where it gets tricky. You could consolidate other debt into one payment with hopefully a lower interest rate on the new loan, then I can see that becoming beneficial.

I wouldn’t recommend loans just for the sake of it, but they do have a place.

[DashPHP]

I took out a 5K loan at 3% interest when Covid was at its peak with the bank... 3% is tiny and was worth the risk.