Post
Topic
Board Lending
Merits 1 from 1 user
Re: Requesting $2500 for my marriage, 3 months, highest 15% Interest
by
LoyceV
on 18/12/2024, 17:34:42 UTC
⭐ Merited by JeromeTash (1)
I am from Bangladesh.

Asking $2500
Will repay in next 3 months
I can do maximum 15% interest.
Let's see:
The average monthly salary in Bangladesh is estimated to be around 26,000 Bangladeshi taka (BDT) (as of February 2024). This translates to roughly $245 USD based on current exchange rates.
If you earn enough to pay back 4 times the average salary, you're rich in your country. In that case you wouldn't need a loan. But you need a loan, which brings us to the obvious: you have no plans to pay it back.