Why it is so difficult to get a loan from individual? - Inspite of giving guarantee, assurances and promises

dear

it is true for a financial institution to sanction any amount of loan is almost impossible in qatar for individuals.

you are bind as per qatar sponsorship laws which means you have to get approval from you sponsor i.e your organistion signatries has to show their consent. Incase you travel abroad they have to bear the repayment.

in eu/usa/canada/australia etc the case is on individual basis if you are earning good salary and if you are credit scoring is good then certaily there are agencies who monitor your cashflow progress and offer you a healthy amount but unfortunately few people exit the western countries and banks has to suffer huge debt collection problems. Although they try to insure their debt through insurance companies or try to recover through offering high interest loans to needy expatriates.

w