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Before You Borrow
Seven short steps that take you from 'I need money' to a request someone can actually say yes to.
0 of 6 complete · about 26 min
- Does KinPay lend money?
No. KinPay does not lend money or fund loan requests. The money always comes from the other person.
Read (1 min) - What should I consider before borrowing money?
Check the reason, the amount, the repayment plan and the relationship before you ask anyone for money.
Read (5 min) - How much can I afford to repay?
A simple way to work out a repayment amount that survives a normal month, not a perfect one.
Read (5 min) - How to ask someone you know for a loan
Ask directly, give the full picture and make it easy for the other person to say no.
Read (4 min) - What should I agree before receiving the money?
Amount, dates, instalments, what happens if you are late, and how repayments are recorded.
Read (4 min) - What should a private loan agreement include?
Amount, purpose, repayment dates, instalments, late handling, and how both people confirm it.
Read (5 min)