Why the banks dont give free money? Why they loan it? - page 6.

Hatuferu

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Quote from: blackmachinegun on June 05, 2016, 06:55:35 PM

Quote from: afriezalie on June 05, 2016, 01:33:40 AM

Nobody wants to give free money. I think banks loan the money for their own profit. They also need operation fund to serve people. Do you think where did profit of a bank come from? It's from interest. Also banks are used to control the currency value. If they gave free money to people, the currency value would be worthless and people become lazy.

yeah of course banks also have employees and they also have a boss with need a salary and income
they are not a social institution that gives free money to people ? they are a company so they benefit to the operation of their company

One thing is certain that I know about banks, they rely heavily on lending in order to sustain the business so if they will give it for free they will close their business in no time.

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Quote from: afriezalie on June 05, 2016, 01:33:40 AM

Nobody wants to give free money. I think banks loan the money for their own profit. They also need operation fund to serve people. Do you think where did profit of a bank come from? It's from interest. Also banks are used to control the currency value. If they gave free money to people, the currency value would be worthless and people become lazy.

yeah of course banks also have employees and they also have a boss with need a salary and income
they are not a social institution that gives free money to people ? they are a company so they benefit to the operation of their company

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Quote from: bitbunnny on March 31, 2016, 12:23:16 PM

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.

TIL that Islam bank loans don't have interest.

But seriously OP, giving away free money would just make it's value plummet and we would move to some other currency / commodity that does actually have value. It's like you can't sell air because it's pretty much everywhere.

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Quote from: Hatuferu on May 26, 2016, 04:13:38 AM

Quote from: bitkilo on May 25, 2016, 11:06:19 PM

Banks are just businesses and need to make money to pay employees like everyone else.

Who do you think pays for those beautiful golden parachutes that the fat cats get when the are given their walking papers, we do the users of their product.

Yeah, the banks made their money from deposits of the people because they will use it to lend the lenders in the market with an interest higher than the interest given to the depositors, its a matching business.

yeah bank also is an effort by the government or the company they also make a profit dude. so they will not give free money in vain? but they maybe give free money to charity ? but not every time it happens and not everyone can get it

afriezalie

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Nobody wants to give free money. I think banks loan the money for their own profit. They also need operation fund to serve people. Do you think where did profit of a bank come from? It's from interest. Also banks are used to control the currency value. If they gave free money to people, the currency value would be worthless and people become lazy.

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I think they do it to make money for borrowers. I think the banks make a profit using the monthly payments so they can get a little extra money to develop the bank

SAMKUSH

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Banks will give loans as a way to raise money for themselves on the interest charged and it has to have a going concern as a business to continue existing

AlgoSwan

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ancap

Actually banks are giving free money. Banks I'm talking about central banks. And they are giving free money to commercial banks. (HINT: Negative interest rates)

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Quote from: senyorito123 on June 04, 2016, 11:41:31 PM

Quote from: Hatuferu on June 04, 2016, 10:30:08 PM

Quote from: MWesterweele on June 04, 2016, 03:32:03 AM

This question made me laugh.Banks is also a from of business they have employees,workers,executive and any other people just like a normal business.Just like any other business,a boss must pay a salary for each employees and the money they offer for loan is the money which they pay for salary of employees.Thats why bank cannot just throw money .

Exactly, bank have also expenses and they don't get the money they lend as donation from other entities, they even need to meet certain targets to have a profitable business and to pay their employees, for them focusing in loan could generate a higher income.

Yes they need profit so they can sustain their business and they have employee that need to get their salary and also banks need also to pays advertise so they well be known, the reason they dont give money its because its their business business not intend to give its not charity intitution and they loan the people save moneys so they can get retureturns witb it

You hit it right, they are not a charitable institution as they are in business, and to think of business banks want huge money from their customers even charging big loan interest and hidden charges, so we should always be careful also with borrowing to a banks as we might be surprise every time we default due to big penalties.

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Quote from: Hatuferu on June 04, 2016, 10:30:08 PM

Quote from: MWesterweele on June 04, 2016, 03:32:03 AM

This question made me laugh.Banks is also a from of business they have employees,workers,executive and any other people just like a normal business.Just like any other business,a boss must pay a salary for each employees and the money they offer for loan is the money which they pay for salary of employees.Thats why bank cannot just throw money .

Exactly, bank have also expenses and they don't get the money they lend as donation from other entities, they even need to meet certain targets to have a profitable business and to pay their employees, for them focusing in loan could generate a higher income.

Yes they need profit so they can sustain their business and they have employee that need to get their salary and also banks need also to pays advertise so they well be known, the reason they dont give money its because its their business business not intend to give its not charity intitution and they loan the people save moneys so they can get retureturns witb it

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At this point I thing everyone here would agree that we need banking services but we don't need banks.

The World Bank states there are 2.5 billion adults without a bank account - this is huge opportunity for technical innovation.

If wish we have serious bitcoin foundation promoting Bitcoin as solid alternative to traditional banking services.

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Quote from: MWesterweele on June 04, 2016, 03:32:03 AM

This question made me laugh.Banks is also a from of business they have employees,workers,executive and any other people just like a normal business.Just like any other business,a boss must pay a salary for each employees and the money they offer for loan is the money which they pay for salary of employees.Thats why bank cannot just throw money .

Exactly, bank have also expenses and they don't get the money they lend as donation from other entities, they even need to meet certain targets to have a profitable business and to pay their employees, for them focusing in loan could generate a higher income.

MWesterweele

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This question made me laugh.Banks is also a from of business they have employees,workers,executive and any other people just like a normal business.Just like any other business,a boss must pay a salary for each employees and the money they offer for loan is the money which they pay for salary of employees.Thats why bank cannot just throw money .

Hatuferu

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Quote from: bitkilo on May 25, 2016, 11:06:19 PM

Banks are just businesses and need to make money to pay employees like everyone else.

Who do you think pays for those beautiful golden parachutes that the fat cats get when the are given their walking papers, we do the users of their product.

Yeah, the banks made their money from deposits of the people because they will use it to lend the lenders in the market with an interest higher than the interest given to the depositors, its a matching business.

bitkilo

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Banks are just businesses and need to make money to pay employees like everyone else.

Who do you think pays for those beautiful golden parachutes that the fat cats get when the are given their walking papers, we do the users of their product.

BossMacko

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a quick answer to that is if bank are giving free money no one will work anymore, people will just go to the bank and get the free money. bank gives loans to people so that they could profit from them also. its just like a give and take relationship,

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Quote from: Hatuferu on May 22, 2016, 12:34:55 AM

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.

bank also entities and government-owned enterprises by someone. all companies do not work for free or supported by the state budget funds. they are given the capital to be able to make a bona fide company and provide benefits to the owners or the government. so banks are also looking for a profit also mate

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Quote from: ElpadroBitcoin on May 23, 2016, 03:29:19 AM

Why should the bank give out free money that just do not makes much sense at all. The bank also needs to make money to keep there company running so giving out free money is not a option at all.

bank is a moving company and services for profit they provide services for the storage of money
which will save users money on loan to someone in need and they benefit from the interest, banks will not give money freely its strange topic

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Quote from: Redrose on May 22, 2016, 12:39:20 AM

If they give free money, no one else will work, and so the whole system collapse. Next utopic economical idea please !

yeah this is a stupid topic I think. Where possible the bank to give money to everyone free of charge?
they also want to benefit and income? so they are also trying to earn money and profit it by lending money to someone

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Quote from: Altcoinsupporter on May 10, 2016, 03:39:48 AM

Quote from: Indrawan77 on April 10, 2016, 04:32:02 AM

Imagine what will happen if bank give free money, all of human will become lazy and the economic of the country will stop

Yeah it just does not make sense for the bank to give out free money. They have to pay there bills and the people that work there ass well so they have to make money so that is why they give out loans.

Yeah no one would give a random someone free money that is just not how things work. Everybody needs to make money and giving away free money is just never a smart thing to do.

Topic: Why the banks dont give free money? Why they loan it? - page 6. (Read 8772 times)