Can we use a Personal Loan for Business?

Mashreq Bank28 Sep, 2020Business

Yes, why not. If you want to invest in a business, you can approach a bank or any other privet lender for a personal loan. In UAE business opportunities are vast but the majority of the account holder doesn�t have any idea about the services. For expatriates, I would suggest it get a loan amount to take a small business initiative. This is the most suitable way to generate money from money in a very smooth way with a little risk. One can even remove the risk factor by using an FD account but there the margin level would probably less as compared to business. You can use your plan and choose which way you want to go to.