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Is it good to buy morgatge or borrow loan in Sikhism?

asked 2019-05-02 05:40:28 -0500

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Waheguru Ji Ka Khalsa Waheguru Ji Ki Fateh

So my question is when we go the banks and ask them to lend us some money for any purpose, is it same as begging ?


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answered 2019-05-02 09:43:24 -0500

Guruka Singh gravatar image

No, it is not the same. We are essentially entering into a business deal, with a contract with the bank, to borrow capital at an agreed upon interest rate and to repay the money according to an agreed schedule. Begging is simply asking for a handout with no commitment or responsibility.

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Asked: 2019-05-02 05:40:28 -0500

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Last updated: May 02 '19