How do Bank Loans Work?

by Ahmad Mudhakkir

Banking

We're sure many RinggitPlus users are already well aware of the answer to this. But do you know why banks need to charge interest? Or why there are banks around in the first place? Don't worry if you're not entirely sure of the answers to these, because we've put together a quick graphical explanation to help you. The comic below can also be useful to teach young ones about the basics of how bank loans function. Check it out!

Helping you look for the best financial instruments out there is what we do best, and you're welcome to browse around the site to find the best personal loans, home loans, and other products that fit your needs. Do you have anything to say about this comic? Do let us know in the comments section down below!