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Author Topic: Why the banks dont give free money? Why they loan it?  (Read 8639 times)
btcdevil
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July 12, 2016, 02:06:21 PM
 #201

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?
The bank never gives free money to the citizens. They force people to take loans even if it's not required by bringing up new schemes, to attract people. The only one who gets profit is the bank itself. !

what you are telling is perfectly correct. Bank will never give anything for free, their will be something hidden charges, which they reveal it after they make you customer. Banks are maintained by corporate who are working for only their profit not for community service. That is why Bitcoin should be used so that you wont be charged unnecessarily for any transaction or other services.
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July 12, 2016, 04:26:00 PM
 #202

Nope, I am not against of interest free loans but I favor loans with low interest rate. Let’s keep bank’s income aspect aside for a while and think on a macro level. Although there are four big resources (land, water, man and money) the most important is money factor. If banks start giving free money there will be no appropriate distribution of money and those who can produce more might get low amount and those who can’t produce or produce on low level might get high amount. It will affect overall production of economy. Since banks charge interest a high producing man can get high amount as he is willing to pay interest and low producing man will not take that risk since he knows his abilities. Taxes are not the only solution to growth, production is also a factor and many others too.
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July 12, 2016, 04:59:36 PM
 #203

Well they obviously need to make a profit else they can't afford to pay their staff.
Banks are one of the most commercial parties ever and not only that, they got a lot of influence in almost any aspect of the financial markets globally.
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July 12, 2016, 05:12:53 PM
 #204

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?
The bank never gives free money to the citizens. They force people to take loans even if it's not required by bringing up new schemes, to attract people. The only one who gets profit is the bank itself. !

what you are telling is perfectly correct. Bank will never give anything for free, their will be something hidden charges, which they reveal it after they make you customer. Banks are maintained by corporate who are working for only their profit not for community service. That is why Bitcoin should be used so that you wont be charged unnecessarily for any transaction or other services.

I agree that bank never give free money.  @Bitcoinbox, that is called interest for using your money to get profit.  You should know that the moment you deposit your money in the bank, it doesnt stay there.  They use it as loan to other people or venture it to another business.  All left in the bank is that papers, receipt and folders including the record of your transaction.  @PokerFace3 and btcdevil, well even as evil as you think bank is, they have given lots of people a job.  This charges and other stuff (profit /earning) is needed to payout their staff, and maintaining their smooth operation.

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July 12, 2016, 05:19:53 PM
 #205

They dont give free money instead they loan it because this is the use of bitcoin where they can earn for interest for every company loan in their banks..
If you think that banks only for saving purposes thats wrong they do this service to have some money to loan it to other company to use and to earn via interest..



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July 12, 2016, 05:45:35 PM
 #206

well why banks should give the free money? i dont think that anyone will give people free money ever, in my opinion they loan the investors money to make more money and thats not good
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August 06, 2016, 08:21:01 AM
 #207

 Grin  Why would bank give free money?  If you have a money on that bank, would you like your money to be given away?  They loan it for the sake of having income.  It is for them to pay their employees and to give an interest to their depositors.  They loan it because bank is a business.  That is one way of having income.  If they will give free money there will be no bank available right now. 
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August 06, 2016, 08:37:39 AM
 #208

Grin  Why would bank give free money?  If you have a money on that bank, would you like your money to be given away?  They loan it for the sake of having income.  It is for them to pay their employees and to give an interest to their depositors.  They loan it because bank is a business.  That is one way of having income.  If they will give free money there will be no bank available right now. 
Yes, banks is a business and they loaned it with interest to have an income. Income to pay their rent,employees,and other utilities etc. They don't have unlimited supply of money.They just loaned the money we deposited and the cycle goes on. 


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August 06, 2016, 07:01:32 PM
 #209

They don't give money because banks are not charitable institutions, they are having a business. The money that the people deposit have interest of around for example 1% annually and then they lend it to people for an interest of 10% so the difference of 9% are their earnings. That is why they are eager to loan the money but making sure that the borrower will be able to pay them by having collateral.

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August 06, 2016, 07:06:52 PM
 #210

i hate banks and honestly anyone who know how a bank works will hate them too.we are smarter but those who likes on normal houses do belive banks blindly they said they will dye but they will trust banks forever
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August 06, 2016, 07:30:24 PM
 #211

They don't give money because banks are not charitable institutions, they are having a business. The money that the people deposit have interest of around for example 1% annually and then they lend it to people for an interest of 10% so the difference of 9% are their earnings. That is why they are eager to loan the money but making sure that the borrower will be able to pay them by having collateral.

True only charity give away money which is actually not theirs too.  Anyway, in order for bank to grow and sustain it's operation, they need some sort of profit.  That  is thru investing your investment money to some they thought a profitable venture and giving you the dust of the profit from that venture.  And will you give other's money to others? Of course not.
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August 06, 2016, 07:41:09 PM
 #212

They don't give money because banks are not charitable institutions, they are having a business. The money that the people deposit have interest of around for example 1% annually and then they lend it to people for an interest of 10% so the difference of 9% are their earnings. That is why they are eager to loan the money but making sure that the borrower will be able to pay them by having collateral.

True only charity give away money which is actually not theirs too.  Anyway, in order for bank to grow and sustain it's operation, they need some sort of profit.  That  is thru investing your investment money to some they thought a profitable venture and giving you the dust of the profit from that venture.  And will you give other's money to others? Of course not.
Even then they don't need people to invest a lot or take out loans from them, they can rely on the government to bail them out if things get too bad. As long as they're big enough, they can be bailed out. They like to give bonuses and things to the top people though loan money and so though, so they are making a fair amount of money for the people themselves.
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August 07, 2016, 08:34:52 AM
 #213

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
Then you are creating judgement day soon.why bank do not give free money?do not ask that irrelevant question again.ask youself will you give free money to anyone?.😂
Definitely not as you earned by hardwork.tax are necessary to run country economi and to create stabiliy.
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August 07, 2016, 01:54:57 PM
 #214

I think loan is a scam. An economy needs, only, free funding and a tax system and nothing else. Do you agree?
Then you are creating judgement day soon.why bank do not give free money?do not ask that irrelevant question again.ask youself will you give free money to anyone?.😂
Definitely not as you earned by hardwork.tax are necessary to run country economi and to create stabiliy.
In finance, a loan is the lending of money from one individual. A direct auto loan is where a bank gives the loan directly to a consumer.It’s no longer about expecting the banks to give you credit; it’s about being aware of multiple ways to fund your business and preparing to try a few different sources.
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August 07, 2016, 02:01:51 PM
 #215

i hate banks and honestly anyone who know how a bank works will hate them too.we are smarter but those who likes on normal houses do belive banks blindly they said they will dye but they will trust banks forever
i also hate banks and i try to use it as less as possible though sometimes i need their services when im buying something online from a shop that doesnt accept bitcoins
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August 07, 2016, 11:44:05 PM
 #216

Well i dont hate banks i hate those people who ask for a loan and doesnt repay, making the banks to raise their tax. If i request 1000 dollars i will pay 1300 dollars, if you have 1000 dollars at savings this will give you 1010 dollars with lucky. Soo the huge difference between its insane as you see, but honest people pay from the debit the wrong people let at the banks. Soo why dont you op pay my bills as you wanna to get free money? The same way you pay to eat banks offer their services and they take their fee as everething.
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August 08, 2016, 02:56:02 AM
 #217

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

If the bank starts to give free money our people will become too lazy that's very true

banks make money from the investment the do and the loan the give to people so that the can pay there workers and keep the business going

i will advice banks and government to provide loan with low interest rate to people so that the can utilize there talents or capability

that is the best way to grow a country
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August 08, 2016, 07:59:30 AM
 #218

Well they obviously need to make a profit else they can't afford to pay their staff.
Banks are one of the most commercial parties ever and not only that, they got a lot of influence in almost any aspect of the financial markets globally.

Yes, by having this is one way to pay for their staff and to maintain their bank running.  Where else they can get their money if they would not put interest on loans.  And this is also where they get to fund for their depositors interest.  This principle is being applied even before the time of Jesus.
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August 08, 2016, 10:25:10 AM
 #219

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

banks don't give free money because they want to earn more money, so they give unfair loans just to earn a lot of money from their customers, from people that needs loans
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August 08, 2016, 05:45:26 PM
 #220

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?
The bank never gives free money to the citizens. They force people to take loans even if it's not required by bringing up new schemes, to attract people. The only one who gets profit is the bank itself. !

what you are telling is perfectly correct. Bank will never give anything for free, their will be something hidden charges, which they reveal it after they make you customer. Banks are maintained by corporate who are working for only their profit not for community service. That is why Bitcoin should be used so that you wont be charged unnecessarily for any transaction or other services.
do you think that the free account which most of the banks are opening, there are some hidden charges, for examples here in my area Allied Bank is offering a free account with the name of MUKAMAL account, fee check book free maser care fee transaction and many more so do you think that they will have some hidden charges?
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