and it was better for me.
bank have high interest on load, personal experience, my father took one for 5k euro and since he can't return it anymore, he is now paying 100+ euro a month for the next 5 years
so 20%-30% interest or more, also bank will not offer you a loan if you are unemployed
Too high interest if it is 20% to 30%. But that might be because of the time, if the loan is going to be paid in shorter period, say one year or two, I think the interest won't be that big, since they are computing it + the interest and the + the interest of it all then divided by 5 years. Maybe that's the reason why.
Yeah of course, no one will give you free loans without any collateral, banks needs an assurance that you won't run.