Sunday 12 February 2012

Why Loan Is Good?

Loan usually comes from bank. Some people say that loan isn't good because of the interest rate. Well my answer for them is that, you are not being responsible and lazy indeed. Maybe you prefer cash. But why not cash? 2 issues, Income Tax and You just can't wait to just pay it off! I think its irrelevant. You will need the money to pay off some other things one day. Must not rush in this kind of matters people. Think wisely and use the Banks money.
This article is totally not for the rich Billionaires out there. They have a very stable income, so its nothing to worried about. There is something about Loan and Islam, which is "haram". 
Yes. Anything you bought which money is used under a borrowing system with interest is wrong. Same goes to Credit Card.
But to me, getting a loan leads to a better financial freedom. I am not encouraging you use a Credit Card though. It isn't worth it.

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