A clearer path to borrowing

Start with the purpose

Be clear about why you want to borrow. Consider whether the expense is essential, whether saving is an alternative and how the commitment fits into your wider financial picture.

Look beyond the headline

Read the full terms. Ask about fees, repayment flexibility, eligibility, collateral requirements and what happens if you miss a payment. Compare the overall cost, not just the advertised rate.

Leave room for change

Think about how repayments would feel if your income changed or an unexpected expense arose. Borrow only when the commitment is sustainable, and seek qualified guidance when needed.