anand84 - 4:45 pm on Apr 1, 2010 (gmt 0)
Thanks for your replies. Firstly, yes, you are right in that this may not be the right time to pile on debt. Point taken, though I believe taking a loan (when you are comfortably able to pay it) is just a way to simplify your risks.
Secondly, I agree it would be safer for the banks to make money off a 9-5er over me since he/she has a better guarantee over regular payments.
I was not actually blaming the banks but the entire system which seems skewed towards employees and not would-be employers. As Jecasc puts it, if you run your business, chances are that your employees are able to secure loans easier than you do. I would disagree that all banks and institutions operate this way. If it were so, a lot of businesses today wouldn't have existed.