Start up with loan

[rcsg]

Hi, I quit my job end last year and when I was in the middle of planning for a small group of tuition start up,it comes the COVID Wonder is it advisable for me to continue my plan to take up a loan at this period to go for it ? I know the possibility to get the loan approval is really low

[JohnPearson]

I really don't advise you to take out a loan, it could end badly for you. Given the fact that you currently do not have a job, the bank can take into account a very large percentage and as a result, your debt will grow exponentially. One of my friends found himself in a similar situation and as a result, he had huge problems with spammy link removed, which he reschalated for a very long time. The most ideal solution to your problem would be an interest-free loan for an indefinite period of time (sounds like a fairy tale, doesn't it?) or find a job and earn some money there, and postpone the opening of a startup for a short period of time. I'm sure you can do it, good luck!