2026-02-10
Smart Borrowing
When comparing loans, look at the interest rate, loan tenure, processing charges, prepayment conditions, and any other applicable fees. A lower monthly instalment may result from a longer tenure and can increase the total interest paid.
Review the repayment schedule and understand whether the rate is fixed or variable. Ask how changes in the rate could affect your instalment or loan duration.
Choose a repayment amount that fits comfortably within your regular budget. Read the sanction terms and agreement carefully before accepting the facility.