study ways of raising a loan to buy a car or house example bank loan or purchase of refrigerator or television set through hire purchase on maths
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We are asked to study ways of raising loans to buy a car or house. The ways in which we must make this study is as follows:
- Buying a car or house is a very big decision to make especially for the poorer section of society.
- So, they need to work out each and every aspect before going for the loan.
- There are various banks that provide loans for buying a car or a house.
- For buying refrigerators and television sets, we can go for the hire purchase system if it is cheaper than taking a loan.
- The main factor is that all this should be properly worked out before taking a decision.
- We should not get stuck with private money lenders who offer cheap loans as they will definitely have some hidden facts for doing this.
- It is better to go through a proper agency than to get into problems with these private money lenders.
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