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Author Topic: Why the banks dont give free money? Why they loan it?  (Read 8639 times)
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May 09, 2016, 06:31:20 PM
 #121

Banks right now if you are not a worker or employee of the company you cant get any loan from any banks.. they sure that you have a job.. so that they can deducted some % of your monthly job..
And i think this is not a scam.. they are just want to make a profit thats why they putting a interest for each loan..

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May 10, 2016, 08:39:48 AM
 #122

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.
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May 10, 2016, 08:51:43 AM
 #123

They wouldn't be called banks for nothing. If they're giving away money, might as well call them a charitable institution. And where would banks get the money that they intend to give for free? Although sometimes they do that as a promotional campaign, but that is to entice more clients to use their offered services. They give away travel and vacation sprees as prizes when you apply for loans.
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May 10, 2016, 12:54:03 PM
 #124

thats how their business work my friend.. thats how they get their income Cheesy
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May 10, 2016, 01:16:21 PM
 #125

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?

Of course I don't agree, I call this bullshit. Why would banks give free money? First of all nobody gives anything free to nobody. Second you don't know anything about banking and taxing systems, banks work that way and make money. They accept your deposit and give you %10 per year, then they give loan (your money) to other people and charge %40 or more per year. That's how they make money.
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May 10, 2016, 01:28:48 PM
 #126

I think banks do not really give free money and yes instead they lend it to people as loans because this is the only way that they can earn money or earn profit. This is the only way how they can circulate the money on this type of business. Loans are actually encouraging a big amount of profit just like lending. The interest for every monthly payment if you are going to compute them this is really high enough.

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May 10, 2016, 01:42:35 PM
 #127

Simply because theirs no such bank institution will give free money to others because they cannot get profit with it, if banks really give free money i think they will get bankrupt because money is profit for them and they are not looking tpoo give it free,


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May 10, 2016, 01:57:54 PM
 #128

I think it is an advantage to themselves, they lend money to the user and will probably return it with interest money

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May 22, 2016, 05:34:55 AM
 #129

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.

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May 22, 2016, 05:39:20 AM
 #130

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


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May 22, 2016, 05:41:58 AM
 #131

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
What are you trying to say? Loan is not a scam its a chance that you can use your money that not yours but you can use it in emergency or daily need so why do you think it is scam? And why the banks dont give money ? Ifthey give money how they earn. They working for money to earn money not to give money to others.


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Redrose
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May 22, 2016, 05:45:33 AM
 #132

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
What are you trying to say? Loan is not a scam its a chance that you can use your money that not yours but you can use it in emergency or daily need so why do you think it is scam? And why the banks dont give money ? Ifthey give money how they earn. They working for money to earn money not to give money to others.

It's a scam in the sense that they give you money that you won't be able to give back and make you spend it. That's the way the 2008 crisis happened.


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Cyaren
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May 22, 2016, 08:42:26 AM
 #133

It is true that banks are basically loaning money into existence. The whole economic model currently is based on the fractional reserve system, which basically allows commercial banks to control the currency supply as well as the government.

But they wouldn't want to overinflate the currency base either. If you give free money away, then it's basically hyperinflation. Banks don't want that to happen because they are using fiat as well.
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May 22, 2016, 09:25:07 AM
 #134

Lol banks have employees and their owners would need to be paid. so they borrow the money another customer to customer and benefit from interest earned and that is an advantage in the can by the bank? profits that used to pay employees. usually there are other ways to profit from bank
ElpadroBitcoin
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May 23, 2016, 08:29:19 AM
 #135

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.
maudevang
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May 23, 2016, 10:55:23 AM
 #136

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.
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May 23, 2016, 03:07:32 PM
 #137

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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May 24, 2016, 12:45:32 PM
 #138

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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May 25, 2016, 11:57:06 PM
 #139

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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BossMacko
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May 26, 2016, 03:59:38 AM
 #140

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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