charging interest when lending

[boybi]

what can you say about people who charge interest when they lend money to friends and/or relatives? especially those who are not into the business of lending?

[bad driver]

hmmm.... at first glance, it looks bad. but if you think about it, an equivalent of a normal bank interest is FAIR.

but if you want to be too fair, then prepared to be labeled as "stingy". I think a miniscule amount of interest is not worth your reputation being tarnished. let it go

[russpogi]

IMHO, depende sa situation. Kung uutang tapos gagamitin yung money for pleasure like vacations, upgrade to a new car, new appliances, then I will definitly charge interest. Kung emergencies naman especially kung na-ospistal yung anak/kapatid/asawa/parents, di na ko mag-cha-charge ng iterest. Tulong ko na yun. Pero syempre kung gipit ka din, there is absolutely nothing wrong with charging interest sa mga utang kahit friends and relatives. Ang hirap ng buhay ngayon eh.

[boybi]

hindi naman gipit yung pinagutangan. ang umutang is a relative of mine, umutang sya sa relative din nya.

siguro nga kung for pleasure ok lang magcharge ng interest, pero kung ako ang uutangan at alam kong for pleasure, hindi ko na papautangin. kapag talagang gipit, pinapautang ko naman, pero hindi na ako naniningil ng interest. meron nga akong HS classmate dati na nagipit, pinautang ko, nung nagbayad, sobra yung binabayad, interest daw yun. sinoli ko yung sobra and sabi ko mas kelangan nya yun.

[larshell]

IMHO, Mas ok yatang mag charge ng interest kung sa Negosyon gagamitin ang pera parang profit sharing lang yan at kung gipit ang nang-hihiram dahil hindi sya marunong magtipid mas dapat may interest para madala at maturuan ng liksyon.
Sino uutang 10% lang joke

[qman]

kupo utang ng yan ....

Diyan kayo magkakasira ng friend mo or family pagka hindi nagbayad... Well what I do, wala pa rin naman interes pero i do not lend the amount na nais hiramin. Papautang ako ng fraction ng amount na kailangan nya just incase na di ako bayaran maliit lang talo ko pero ang trust ko ang nawala sa kanila.

to answer the query for me okey lang 5%. Pautangero should earn din sa perang papahiram nila ano pa man ang purpose.

[chua_riwap]

what can you say about people who charge interest when they lend money to friends and/or relatives? especially those who are not into the business of lending?

Tawag ba riyan 5-6? When you say "people who are not into the business of lending", ito ba yung mga taong nagpapautang pero, considered as illegal ang business nila, let's say yung mga BUMBAY. Mostly kasi yung mga lending firms, registered sa SEC, at kumpleto sa papeles. Mga Bumbay ata, hindi.

Dami yumayaman diyan.

[nugundam93]

fair siya, especially if agreed upon by both parties.

and minsan din kasi, borrowing from them is faster and easier than sa bank, lalo na if needed sa alanganin. well, in our experience anyway. :D

[empy]

tough call. if you don't charge interest, that's money you lose. kung pinautang mo siya ng 1000 interest free for a year, para mo na rin siyang binigyan ng 50 because you could have earned 5% (or more) on that money.

kung ok lang sa iyo na "binigay" mo yung ganung halaga, pautangin mo na nang walang interest. i do agree with bad driver na pag naningil ka ng interest baka sumama ang loob (even though it's 100% fair)

[flakez]

ako hindi na ko maglalagay ng interest, nagpapautang lang naman ako pag kelangan talaga ung pera. pag for pleasure lang hindi ko na papautangin, siguro bibiruin ko may interest yan. pag kumagat sige. hehehehe

[voltes_V]

what can you say about people who charge interest when they lend money to friends and/or relatives? especially those who are not into the business of lending?

I think theres nothing wrong with that especially when we're talking about millions of pesos here. I know 1 aunt of mine who does that with her own son, and hes the only child she has. The good thing is that mas mababa interest nya kumpara sa bangko.
But when I borrow money from my parents, wala ng bayaran yan syempre hehe.....just kidding mom

[delprado]

.. kung konti lang yong inuutang, that's should be okey. Which i always did. Pero malakihan, dapat me interest.

Ang problema kasi pag-nagpapautang ka sa kaanak, kalimitan ang hirap maningil. Pag ikaw na mangangailangan nung pera at singilin mo na...sasabihin sa'yo kaya nga sya nangutang dahil wala syang pera... (it's just like she's telling you that she will not be able to pay you anymore)... Marami na akong nadaanan na ganyan.... ang bait-bait pagnakipag-usap sa yo pag nangutang.. pero pag siningil mo na eh...sya pa galit...

[konde]

tough question!

good thing wala akong pera para ipautang kaya di ko na kailangan isipin yan.

pero mahirap talagang magpautang kasi minsan pag kailangan mo na yung pera, parang nahihiya ka pang maningil.

[empy]

Ang problema kasi pag-nagpapautang ka sa kaanak, kalimitan ang hirap maningil. Pag ikaw na mangangailangan nung pera at singilin mo na...sasabihin sa'yo kaya nga sya nangutang dahil wala syang pera... (it's just like she's telling you that she will not be able to pay you anymore)... Marami na akong nadaanan na ganyan.... ang bait-bait pagnakipag-usap sa yo pag nangutang.. pero pag siningil mo na eh...sya pa galit...

ang hirap sa ibang tao, parang walang diperensya sa kanila yung definition ng "utang" chaka "bigay'. para walang misunderstandings sabihin na lang nila na "bigyan mo ako ng pera" kaysa "pautang naman"

[tinky]

I don't charge interest.Pero pag di ko kamag-anak , I ask for a collateral.
Na-isahan na kase ako dati.I let a friend borrow money and she never paid
me back....so ngayon depende kung gano kalaki yung amount ng inuutang
yung bagay that I'm gonna hold on to as a security just in case the loan is
not repaid.

[pissword]

wag na interest, maganda pa nga yung collateral for protection lang naman...

para d nila isipin na pinagkakaperahan lang sila

[111prez]

for me, unless its a medical emergency where you have to lend money for humanitarian reasons, i would charge interest

however, the interest should be reasonable. siguro since rela-thief, este relative naman, maybe 1 % or 2% lower from the prevailing lowest bank rate in your area or where they plan to get the loan, if ever. this way, you are doing them a favor through lower interest rate, no application hassle, no collateral, etc compared to a situation if they had to deal with a bank or worse, a usurious money lender.

i would assume that they are borrowing money to earn money so it is but right that you also do not lose your right to earn from your money

after all, its also your hard earned money

[badkuk]

well, in the first place, hindi ako pag papautang -- all my friends and relatives are richer than me :D

seriously though, magpapautang lang ako pag close relative or friend, and kung gipitan o emergency only.

for all other reasons, sorry ka na lang.

[russpogi]

well, in the first place, hindi ako pag papautang -- all my friends and relatives are richer than me :D

seriously though, magpapautang lang ako pag close relative or friend, and kung gipitan o emergency only.

for all other reasons, sorry ka na lang.

ETO ang TAMA!

[the_wildthing]

Ang utang ng kaibigan/kamag-anak, wag mo nang asahan na babayaran ka. Kaya ang pautang sa kanila, dapat lang sa oras ng kagipitan.

Otherwise, you can always say no, saying you also have obligations of your own.