What is the basic need of life? Question sounds very odd, though heard in common. But in reality need of money should be the answer. This is not an interesting answer for the spiritually molded person, but to be thought generally and to exist in the normal social life it is the most important. For making the money, we need money and where the root lies, it is loan.

For having a house built and then start living we need home loan. For having the child educated in a good school then we need educational loan, for a good health facility we need mediclaim policy. This is all for the middle class families, which rises high or falls down maintaining the balance.

This is how the importance of loans and financial institute imbibed in the common man’s life. But he is helpless and though the loans are to be paid back with the added interest it might be a cheap loan, or any kind of loan it is a boon offered for that moment.

There are economists and the politicians who are well versed in forming the economy of a nation, but how is that economic policy implemented and reached to the public. Perfect answer is not available and can not be answered. Then the public has to be dependent on the lenders and the banks for the loans in the name of personal loans, which he is free to use the way he wants.