Loan, NIOS 12

Taking a loan of Rs. 1,00,000 to buy an iphone

• GOOD

• BAD

Taking a loan from bank for Rs. 45,00,000 at 6% interest rate to buy a house. I can rent out this house and get monthly income of Rs. 12,000.

• GOOD

• BAD

I apply for an education loan at 5% rate of interest so that I can get a degree that I can use to get a well-paying job.

• GOOD

• BAD

I already own a car. I want to take a car loan at 10% rate of interest to buy the latest model out in the market.

• GOOD

• BAD

I want to start a business. I have done market analysis and know that there are high chances for my business to be successful. I take a loan from the bank at 7% rate of interest

• GOOD

• BAD

I want to visit Europe with my friends. Instead of saving up for the trip, I charge all expenses to my credit card, which I will have to pay off next month or suffer a late payment fee.

• GOOD

• BAD