How to Plan Before Taking a Loan

1. What is the money actually for?

A clear, specific purpose makes it easier to choose the right product and the right amount.

2. Can I comfortably afford the repayment?

Look at your income or cash flow honestly, not optimistically, before committing.

3. What is the full cost of finance?

Understand the total repayment, not just the monthly figure, before you sign.

4. What happens if my circumstances change?

Consider how you would manage repayments through a income or revenue disruption.

5. Have I compared my options?

Understanding rates, tenure and terms across products helps you choose confidently.