Topic: Why the banks dont give free money? Why they loan it? - page 4. (Read 8772 times)
If the banks give free money, how they will pay their worker that work at the bank ? and with loan, bank also can get an interest and the money will be back too.
because this istheir business, banks collect the savings of the clients to used for loan of the other clients, also when clients avail loan to the bank they incurred interest and some interest was posted to the savings of the savers, for example most of the banks was used 0.005% for the interest of the savings of the clients while if the clients loan to the banks they incurred 3% interest from the clients, thats why if the rotation of the banks were broken they have a posibility that banks will turn into bankcruptcy.
People will only help you if they get some form of compensation for their effort whether it be in terms of money, favors or just personal satisfaction for having done a good deed. The only way to get something for free is by achieving/doing it yourself. If loans are scams then society itself is a scam. That or you're truly naive 
I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
Banks are giving free money! Leave a 1000$ on your bank account for a year. In the end of the year you should have something like 1002.5$. So 2.5$ for free! isn't it good?
And they have lots of operational expenses so there's no way that they'll be a charitable institution by giving away 'free' money.
I wouldn't call it a scam, but robbery yes. It's the way that banks make their living but often this loans are to expensive and unfair forw their clients. Islam banks, though, give loans without interest.
How is that? So I can come in a bank there and ask like 1000$ loan and I will have to bring back the same money without %? If so then there is another question - from where that bank takes money for it's workers salary and taxes? I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
Banks are giving free money! Leave a 1000$ on your bank account for a year. In the end of the year you should have something like 1002.5$. So 2.5$ for free! isn't it good?
I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
Banks are giving free money! Leave a 1000$ on your bank account for a year. In the end of the year you should have something like 1002.5$. So 2.5$ for free! isn't it good?
I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
Banks are giving free money! Leave a 1000$ on your bank account for a year. In the end of the year you should have something like 1002.5$. So 2.5$ for free! isn't it good?
I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
Banks are not only made to safekept our money, banks have evolve into a business monster. Banking system is a legal way to cheat people that is to use the money against the depositors. When you deposit your interest is low but when we make loans the interest is so high where in fact it is our money that they use for loans. That's why many are shifting to bitcoin as a revolt against banking system.
They do not loan out money for free because it does not makes sense to give out free money would the bank do that, they also need to make money for them selves.
Nothing is free and you have to pay or work for it this is really a stupid topic.
The reality is they even steal our money so no way the will give free loans, people are greedy but banks are more than that, they are a profit oriented and there are shady transactions that banks does.Nothing is free and you have to pay or work for it this is really a stupid topic.
I agree with that totally. There is nothing free in the world. We can transfer money domestically for "free", but we have paid in other ways.
They do not loan out money for free because it does not makes sense to give out free money would the bank do that, they also need to make money for them selves.
Nothing is free and you have to pay or work for it this is really a stupid topic.
The reality is they even steal our money so no way the will give free loans, people are greedy but banks are more than that, they are a profit oriented and there are shady transactions that banks does. Nothing is free and you have to pay or work for it this is really a stupid topic.
They do not loan out money for free because it does not makes sense to give out free money would the bank do that, they also need to make money for them selves.
Nothing is free and you have to pay or work for it this is really a stupid topic.
Nothing is free and you have to pay or work for it this is really a stupid topic.
Bank operate for profit and maybe all of the business around the world, so obviously they would not give free money. The money they lend are the from depositors of their bank who also receive a small amount of interest income per annum. It is a just a matter of utilizing depositors money at their advantage.
True that banks usually just wait for their customer to give them work which will include by depositing their money which is really not good for us due to they will give you only 1% of the interest when you let them save your money but when you loan money from them they will process a 7% interest I am not sure if all banks usually do this but this is how its done on my part which is too sad to imagine. This is the only how they can grown in business and they will never give free money for any of their customers. Bank operate for profit and maybe all of the business around the world, so obviously they would not give free money. The money they lend are the from depositors of their bank who also receive a small amount of interest income per annum. It is a just a matter of utilizing depositors money at their advantage.
True that banks usually just wait for their customer to give them work which will include by depositing their money which is really not good for us due to they will give you only 1% of the interest when you let them save your money but when you loan money from them they will process a 7% interest I am not sure if all banks usually do this but this is how its done on my part which is too sad to imagine. This is the only how they can grown in business and they will never give free money for any of their customers. 
I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
I will agree if you volunteer and will not expect payment from your hardwork! I don't think loan is a scam. Reason is that they are the one giving you the money that you DON'T OWN and just add a certain interest per month. If you look at the scenario, bank system involves peolple that needs to be paid, operation bills like electricity, water and maintenance. If they offer loan for free, where do you think they will get their payment for their staff and oher payables?
I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
How a bank gies out long is basically just a pyramid scheme. It is not the banks money that they are lending but in fact it is someone elses money that they loan to another person. The answer is that simple that when you work why do you get money, even you can work for free. Since the business entity i snot to do charity but to earn the revenue out of it so they charge the interest on the loan.
well yeah you can work for free though if you dont have any habits of doing stuff for free you will most probably choose to work for money especially nowadays when money is really importantbanks give loans because they take back a huge interest from it thus it brings them a lot of profit, also they loan out the depositors money, thats why banks are evil, BASICALLY: THEY MAKE MONEY FROM INVESTORS WITHOUT HAVING THEIR OWN MONEY
Banks are business, ofcourse they wont give money if they cant benefit from it. they were earning from the interest of loan and penalties from the depositors. banks are not charitable institution to give free money to people.
The answer is that simple that when you work why do you get money, even you can work for free. Since the business entity i snot to do charity but to earn the revenue out of it so they charge the interest on the loan.
Banks don't give free money because they are just another business establishment. They need money to pay for their employees, electric bill etc. The money that can be loaned in the bank are their money and they are just taking profit from it and why would they give it for free if they need money to pay for their employees, bill etc? it wouldn't be called a bank if it gives free money then.
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