Financial matters

Universalman Profile picture By Universalman
Dec 6, 2010
The festive season is around the corner,its pleasure time,money is needed.'Earning 1k? get urself a loan of up to 100k',an ad from Std bank.What do you think? Is depending on 1k stressful as owing a bank 100k+interests?

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Universalman 3 years ago
Earning 1k a month,what can one possibly do with that? 100K loan seems like an option,one can do certain things they wouldnt be able to do with just 1k a month.
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lindy.n 3 years ago
It wouldn't make financial sense for any legal bank to loan that much money to someone who only earns R1000... i can promise you if you go to SB today apply for 100k loan they'll turn you down flat!.. call it false advertising but it's not possible.
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rabelanil 3 years ago
as for my side i am ready as eva, i hv bin saving lamp sum of cash to spoil myself this festive season so i ant need dem money, but to those who r thinking about getting loan i really depend on loan cos its costy is better to depend on yo 1k
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abilicious 3 years ago
I hate loans and credit cards, they take u back to square 1. I will never in my life loan from a bank or loanshacks, unless whn buying a house.
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vickie 3 years ago
away with those loan and treat all days the same . if you have money to spend then spend it but if not forget about loan.why should festive season make us mad. come January we are broke and is school time with no money. most can't wait for the end of january to receive that cent. let us keep it real and do not waste what you don't have.
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Universalman 3 years ago
Vickie,I hear you but looking at the current employment rate and income figures,monthly salaries such as 1k cant get you enough of what you need.
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Universalman 3 years ago
Abilicious,I dont like credit cards either but loans seem to the the way out of our financial constraints these days.
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Universalman 3 years ago
It was highlighted in some months back that people owe or spend more that what the earn.
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Akin 3 years ago
Loans are the primary source of a bank's profits. Go figure.
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blacklabel 3 years ago
its slavery tjoe poor fucker wil die payin it back. Ths is wrng
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Universalman 3 years ago
Akin,I'll do that! One question though,should people earning R1000 be eligible to be offered a huge amount of a loan(personal) as like that of R100000?
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Universalman 3 years ago
Blacklabfl,I share the same sentiments with you,however it has it advantages looking at our current economy and wages.
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Akin 3 years ago
@Universalman I don't think so. How much does one pay back and for how long with 1k a month?! That 100k doesnt even include interest!
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Universalman 3 years ago
Akin,I couldnt have said it better myself!
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mk 3 years ago
i dnt think da bank can aprove dat. My advice if u think of getting 1, 1st check thier interest coz mostly thier interest r high. eg ur 6months loan wont bear da same interest as a 24months loan again a loan should b a last option ,if it happens dat u know dat u r going 2 need in feuture just try nd save up.nice blog