This is frankly an excellent post, with practical tips on why loans should be taken or avoided. As a banker and credit analyst myself, I always advise clients to always ensure that they have genuine needs and viable investment plan before picking up a loan facility.

The bulk of loan overdue we are currently facing in our bank results from clients who took loans and diverted the funds.

If some of those clients have had the opportunity of getting sound financial advice as the one you have put up here, perhaps they will not be in the mess they are in today.