What Is the Difference Between a Loan From a Bank and an MFI? Deciding where to borrow money can feel like standing at a crossroads. On one side, you’ve got traditional banks with familiar names, polished branches, and long histories. On the other, you have microfinance institutions (MFIs) that promise quick approvals, flexible terms, and […]
Borrowing Basics
Don’t Let Lenders Trick You Into Paying for Insurance
How to Protect Yourself From Imposed Insurance When Applying for a Loan You’re applying for a loan—maybe a personal loan, a car loan, or even a small credit line. The numbers look fine, the repayment seems manageable, and everything feels on track. Then, somewhere in the middle of the process, you notice an unexpected bump […]
Life Insurance for Loans: Smart Move or Money Trap?
Whether You Need Life Insurance When Taking Out a Loan So you’re about to sign the papers on a loan—maybe it’s for a home, a car, or something personal. The numbers make sense, the terms look okay, and then the lender casually says, “You might want to consider life insurance too.” Wait, what? Life insurance? […]
Business Loan Mistakes That Can Sink Your Startup
Business Loan: How to Get a Business Loan and Not Lose Everything For many entrepreneurs, getting a business loan feels like a breakthrough. It’s the capital injection that could help launch a new idea, expand operations, or simply keep the lights on. But what’s often left unsaid is that borrowing — especially without full clarity […]