Why should not Give Loan to Friend

Friendship is the great relationship in the world. You can share your feeling, happiness and sorrow when there is a true friend in your life. You can take advice from your friend. You can help him with your knowledge and money. But one thing, you should not give. It Means, never give loan to your friend. To give loan to friend is to ruin your friendship.
Now, I am explaining its main reason. 

1. Many years ago, I gave Rs. 5000 to my friend as loan. He was my best friend. He promised me to return to me on a specific date. I need Rs. 5000 in that date. My friend returned just Rs. 1000 on that date. He was just Rs 1000. He did not pay me as per his commitment. After getting only Rs. 1000, I donated balanced amount as gift. If there will be any other person on my place, he might break his friendship with him. ( Figures are imaginary )

So, better is never give loan to your friend. It will lose both your money and relationship.

2. Suppose, If above money is Rs. 50,00,000. You give to your friend under the pressure of your friendship. At the date, when he had to return same money to you. He does not return. Same day, you need money for emergency purpose. At that time, you feel to kill your friend who did not return money as per his commitment.

So, safe your friendship by saying no to your friend on his call.

3. Whether it is Rs. 1 or Rs. 1,00,000, if you give to your friend, it is just like commercial deal. There is no friendship or relationship in it. You must say no on the demanding by your friend.

Debate with those Who Paid on the Time 

Some friends who repaid on the time to their friends will not agree with me. They will say, what is the purpose of money, if it will not be used by friend? I am agree with them. There is no use of money, if we do not help the friend with the money. I am not against the voluntary support and help.

First of all check your financial position. 

Whether you have enough money to give your friend and forget. 

First of all, check your financial resources for covering future risk.

Future is uncertain, check all your financial resources for covering future risk. Suppose, in future, you may face the accident. Doctors are not friend. They demand money not your voice of help (please help me for my free treatment, I have no money because I gave all money in loan to my friend for his help)

First of all, check the fund for supporting your dependent.

Your wife, your children, your mother or your father may be dependent on you. Help first to your dependent, then see your friend's need. 

4. Take the advice from other friends. Sometime, you may take wrong decision. So, go to your other best friends. Take the advice for giving loan to your needy friend. After this, fix the amount of help but again it should never in loan. It should be in free gift. Remember this.

5. Never be sensitive on friend's request. Your friend may say to you, he has enough capital in the form of land, building, car and office. He needs just this small urgent money. By rejecting his request, you are breaking your friendship.

At this point, Use your brain. If your friend has these things, why is he begging small money from you. He is fool or becoming over-smart. If your friend is fool or over-smart, never carry your friendship for more time, it must be risky for your life.

 { Never say fool or over-smart to your friend, these are not good words to talk. You should also not  tell the advice story of other friends to the needy friend}

6. In India, there was great spiritual poet. His name is Girdhar Kaviray. He criticized the friendship for money in his hindi poem. I am translating it in simple english language.

"O dear God, in this world, all most all the friendship is for selfishness.

If there is money in your pocket, all person say to you, "O my dear friend."

Up to the money in your pocket, all your friend will say to you, " Hallo, How are you? We are ready  to company with you"

When there is no money in your pocket, friend will say no company with you.

Girdhar Poet is saying, it is the true account of this world.

O, dear God, There are only very very few friends who love you without selfishness."

We should take the lesson from this poem. This poem has been told by my guide. We all become the friend for selfless not selfishness. Taking or giving loan to friend promotes selfishness, so we should avoid this.

7. If your friend asks money from you and you say no. He will say to you, you have no faith on him. I think it is emotional blackmail to you.

Simple, say no will hurt to your friend. You can say, "You saw your budget and it does not allow to you to give loan."

8. If your friend knows your income sources which are greater than your total expenses figures. Then you can say, you are also trying to get loan from bank for making a new house or  AC New Branded Car or buying of Aircraft. So, when he has less money, how can he give to you?