Friend or bank loan? This is what we are going through

Perhaps there are few lucky people who have never been borrowed, even though it’s a pretty delicate thing. While most of us try to avoid such situations, relatives or friends sometimes find us with such requests. Even if we would be happy to help them with anything, they might not want to borrow money. Asking for money is unpleasant, and borrowing is risky. What is the best solution in such cases? In this article we look for the answer.

Can you easily say no if they ask you for money? What can be done to respond to such a request so as not to be offended? Here are some ways you can get away with having to borrow money.


Borrowing money is very problematic

Borrowing money is very problematic

because you do not know when you will get your borrowed money back and this uncertainty can cause stress. In the worst case, there is even the risk that you will never get the loan back. This can cause tension in the family or with our friends and can negatively affect our relationships forever.

If you are ever borrowed from you and you are not comfortable with saying no to the request, here are some tips on how you can learn from the awkward situation. While avoiding borrowing, we recommend that your friend resolve the temporary lack of money in a way that neither the lender nor the lender will. A personal loan is great for this, and out of many bank offers, you can easily select the best one with a comparative calculator .


How the calculator works and how to apply for a loan

How the calculator works and how to apply for a loan

After entering your loan amount and number of years, the calculator will list all the personal loan offers available with these options by clicking the “Search” button. Once you have the loan that best fits your criteria, you should click on the “Details” button. This will take the interested person to the bank’s website, where they will need to provide their details (usually name, phone number, email address) in order for the bank to contact him.

Now, let’s see the subtle excuses for borrowing.

This goes against my principles

borrow money from friend

You can simply save yourself and say that you are not lending money to anyone because you have relationships beyond money. However, this requires a certain amount of strength, especially if the borrower is determined for the money.

A more sensible answer may be to say that you do not like having someone in debt and not lending to a friend and relative. You can also say that you have had bad experiences with lending and have never given a loan to anyone since then.


I’m burned and I’m not in a position to give

bank loan

If you don’t have the money, don’t hesitate to say it right away. If you are talking to a friend or relative, make it clear that you are not in a position to make money. This is a short and straightforward statement and does not give the borrower a chance to persuade you further.


I have plans for my money

I have plans for my money

You need to be a little trickier if they know you’ve made extra money. In this case, you can say that, although it is now, it needs something else. It is important to understand that you are in need of your money now. Emphasize that what you want to spend is extremely important to you and you have been planning to do so for a long time. A more sophisticated method is to let them know that you do not want to feel guilty if you are late in paying your money or may never be able to pay off your debt.


I invested my money

borrow money

You can also say that you have invested your money and it is not possible to access it without losing it. Make sure that the investment product you refer to before applying for a loan can only be redeemed at a loss before maturity. If you are looking for something to avoid getting caught in the ear, you may be looking for another rejection technique.

Look for fixed-term investment products that are not eligible for early redemption. You need to get a little picture of these investments in order to use this rejection method.


I lent my money to someone else

You can tell that you had some spare, but you have already lent it to someone else. Unfortunately, you can’t print banknotes and you can’t lend them to everyone. Add to that the one you gave it for a long time asked for your money. If you want to prevent a potential borrower from trying again later on, start complaining to them about how difficult it is to lend to people because they are not giving back the money or they are only paying after a long wait. This is the best indirect way to let your friend or relative requesting money out that you don’t like to borrow money.

Most people may feel remorseful for refusing a request, but we must overcome that feeling in order to successfully reject money seekers. It’s never your fault if your friend or relative gets financially distracted and there’s no law that says you have to give your hard-earned money to help someone else. If you can’t help or don’t want to help, don’t feel guilty about it.

In our opinion, you can help a friend who is seeking a loan from you by offering them a personal loan to solve your financial problems. And a comparative calculator can help you find the best bank offer. After all, you can save hundreds of thousands of forints and a lot of time and research by finding the best personal loan for you sitting in front of the Internet.