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Should personal loans be given from friends and family rather than banks if one can manage that? It sounds like a good plan because there probably won't be interest rate fees and loan processing fees. But this also puts your relationship with your friends/family a bit on the line yeah? Is it smart to get in these kinds of loans?
Yeah it is a good plan for go personal loans to your friends and family.
See my personal opinion is we can take money only from those friends or family members who can give us with a pure mind and whom does not effect on relations.Because most of the times money surely effect on relationship.So sometimes its better to take from banks and keep relations and money aside.I just take a loan from Axis Bank but i never tried to take any money from any relatives.