Take a Loan From Friends

When the financial situation leads to the fact that money is urgently needed, all funds become good. If the bank has refused a loan, you can contact the Payday Loan to take a microloan. If for some reason the loan was refused, or it has already been taken, you can contact your friends for help. It is important to keep in mind that borrowing money from relatives or other people with whom you are close may not be a very good idea. Your relationship is likely to change for the worse, and if you do not return the money, they can be completely destroyed.


But if you have no other way to get financing than to borrow from friends, here are a few things to keep in mind:



Keep in mind that financial relationships are very different from social ones. When you decide to borrow from friends, it is important to be completely transparent and clear in terms of conditions. Discuss the amount you need and which your “lender” can give out without creating any difficulties for yourself. Also speak the way you plan to return the debt and specific dates.

Borrowing money from friends is good because you do not need to provide any documents and fill out the contract. But it will be useful to write down what you have agreed on paper in two copies. As in the loan agreement, such a document should describe the loan amount and the estimated dates of return.

After you have taken the money, it will not be superfluous to keep up to date with your financial affairs the person who helped you. This will convince him that you are serious about your agreements and that you intend to repay the loan amount.


Loan purpose

Loan purpose

When you take a loan from your friends, although they most likely will not ask, it’s still better to tell you why you need money. Of course, the situation can be so personal that even close friends will not want to tell it. But, if you need money, for example for the purchase of inventory for expanding your own business, it is better to inform the “lender” about this.

In addition, be honest with the person who borrowed your money, especially when it comes to a large amount. Give information about your situation at work if there are any difficulties or about the state of your business and the risks you may encounter. The worst thing you can do is lie about your financial situation to borrow from friends.

Particular attention should be paid to the amount discussed. Do not ask for more money than a lender can afford to give you. Especially if you borrow from your parents, who may feel obligated to help, even if they cannot afford it.


If you decide to take a loan from friends, you need to repay it on time.

If you decide to take a loan from friends, you need to repay it on time.

If you do not pay on the agreed dates, you can be sure that this will negatively affect your relationship. Take the deal professionally and do everything so that you do not have to remind you of your commitment. Better yet, pay sooner if your financial situation allows.

If the funds do not allow you to repay the loan at the appointed time, it is very important that you call, or even better, visit the person who lent you the money and explain why it is impossible to return them. The biggest mistake you can make in this situation is to avoid calls to the lender. You will lose confidence in yourself and it will be difficult to return it, even if you finally return the loan amount.

Taking a loan from friends, at first glance, may seem like an easy task. But you need to make a lot of effort so as not to spoil relations with loved ones. For this reason, many are turning to this type of financing at the very last moment.

Insurance loan without test nicotine borrower smoker


To take out a mortgage, you will need to join a loan insurance to guarantee it. In fact, although it is not legally necessary to guarantee an immo loan with death and disability insurance, banks and other lending institutions routinely condition the granting of a home loan by taking out this insurance.

Medical examinations: the nicotine test

Medical examinations: the nicotine test

You may have to undergo a nicotine test . Know that a loan insurance from a non-smoker is much cheaper than that of a smoker. The results of this test will have a real impact on the cost of your insurance and therefore on the total cost of your mortgage.

To pay as little as possible for your insurance, do not forget to play the competition between insurers using a comparator insurance loan or by using a broker who will find insurance that does not take into account your profile Smoker to calculate the cost of your insurance!

The medical questionnaire

medical loan

In order to assess the risks you represent and then make a proposal for insurance, insurers will ask you to complete a medical questionnaire. It is important that you complete this health questionnaire accurately and honestly, so that you do not have any unpleasant surprises later about assuming the insurer’s repayment of the loan in the event of a claim. Also, you may be required to submit to certain medical examinations.

Delegation of insurance

money insurance

Since September 1, 2010, date of implementation of the Lagarde law, borrowers are no longer obliged to guarantee their loan with the group insurance that is offered to them by the bank because they are entitled to subscribe freely. insurance of their choice from an insurer external to the lender. This is called a delegation of insurance.