Economy, asked by priyankasharma49, 1 year ago

why people prefer to have loan from informal sources

Answers

Answered by khushi711
12
because informal sources do not involve much time and formalities.
Answered by vishalgupta12345
3
as they don't have coliteral that bank wants before providing loans
___________
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___________coliterals are our property needed by bank before providing loans

priyankasharma49: ,thx
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