Talk to a banker and find out what are the purposes for which people i

1.	Talk to a banker and find out what are the purposes for which people in urban areas generally take loans?
Answer» Generally, urban people take loans for the following purposes. There is a huge demand for loans for various economic activities. 1. To construct a house or to buy a flat. 2. To conduct family functions like marriages, deliveries of sisters, etc. 3. To purchase household appliances like, fridges, TV, washing machines, furnitures, air conditioners etc. 4. To buy vehicles like scooters and cars etc. 5. Sometimes they want to establish a business or dream to start a small scale industry for which they may go for a loan. 6. Sometimes they take loans to meet the medical expenses of the family members and dependents.

Talk to a banker and find out what are the purposes for which people in urban areas generally take loans?

Answer»

Generally, urban people take loans for the following purposes. There is a huge demand for loans for various economic activities.

1. To construct a house or to buy a flat.

2. To conduct family functions like marriages, deliveries of sisters, etc.

3. To purchase household appliances like, fridges, TV, washing machines, furnitures, air conditioners etc.

4. To buy vehicles like scooters and cars etc.

5. Sometimes they want to establish a business or dream to start a small scale industry for which they may go for a loan.

6. Sometimes they take loans to meet the medical expenses of the family members and dependents.