Question

Advantages and disadvantages of loan. Best answer will be mark as brainliest. So spam and give answer in your own words.

Answer 1

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Advantage:-

♠️ It helps people to build their home.

♠️ Expansion of business.

♠️ Farmers can grow their crops.

Disavantages:-

❤️ High rate of interest.

❤️ Requirement of security asset.

❤️ No loans for poor people.

Thanks ❤️☺️❤️.......

Answer 2

Explanation:

Advantages

1.It helps to fulfill their dreams

2.Helps farmers to grow crops

3.Buy vehicles etc

Disadvantages

1.Rate of interest is high

2.Requires Assests

3.Poor people are unable to get loans