This question needs to be decided according to your specific situation. Here are some factors to consider:
It depends on how much I have. If I have ten million idle assets, it doesn't matter to me that I have one hundred thousand. Think of it as investment.
It depends on the relationship between relatives and themselves, and whether it is worth borrowing 100000 yuan.
Even if the relationship is good, whether the person is reliable, whether the business is reliable, whether it is worth it.
In a word, borrowing money needs to be cautious, and various factors need to be fully considered to ensure that your decision is wise. It is better to assess the risks and rewards in detail and communicate and negotiate with relatives before borrowing money.
Relatives should pay attention to the following points when borrowing money for business:
Understand the character and reputation of the other party before borrowing.
The establishment of evidence is the necessary premise and basis for the relationship between the lender and the lender, and both parties must strictly abide by it.
According to the Contract Law, the maximum interest rate of private lending shall not be four times higher than the bank loan interest rate in the same period, and the excess part will not be protected. In addition, relevant measures should also be specified in advance for the prepayment and postponement of repayment to give necessary constraints to both parties.
The above information is about what relatives should pay attention to when borrowing money for business. I hope it will be helpful to you.
