12/12/2025
Looking to borrow some cash to make that life changing purchase?
Could be a car, a pizza oven, a workspace, a fancy toolkit, or even a house…
Before you go rushing into the lenders office pen in hand, have a look at these tips for responsible borrowing:
-Spend time looking at your options, researching what offers are available and getting advice. Perhaps you need the loan quickly and you feel like there is no time – but the wrong decision can have you paying for years in the future.
-Always find out the total amount you will have to repay when borrowing. A shorter repayment period may beat a slightly lower Annual Percentage Rate (APR) amount.
-Know the difference between secured and unsecured loans. With a secured loan you can lose your home if you don't consistently make payments
-Make a budget to ensure you will be able to afford making payments
-Watch out for interest free deals. They seem great, but are only interest free if you pay them off within a certain time period. If you don't pay them off in time, the interest rate goes through the roof!
It's a dog eat dog world out there, so avoid the loan sharks and come out to see us. We will give you the assistance you need, without the shady hidden fees :)
