Question

Why should a borrower take the loan from the bank instead from sahukaan?

Answer 1

Formal souces of credit,more respnsible,24*7 service, available everywhere,they are regulated by government,Rbi supervises the function of banks,they maintain good records,low interest rate

Answer 2

banks are controlled by reserve bank of India so they provide loan at low interest.  informal sources asks for high rate of interest .they just want to exploit people.due to which the borrower may be in bankrupt.