Manav needs a loan to set up a small business. On what basis will Manav decide (W) whether to bo...

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Manav needs a loan to set up a small business. On what basis will Manav decide
(W) whether to borrow from the bank or the moneylender? Discuss.
Manar wants to setup a small business. He meeds to keep the below mentioned things in mind while deciding whether to borrow money from a bank or money lender:
1). He needs to conpare the interest rate charged by both the bank and the moneylender. Whoever charges less should be his option.
2). He needs to analyse whether he has all the eligible documents required by the banks to get his loaw approved.
3). How he wishes to repery the lender.
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