What should you know before borrowing or getting a loan?
There are times when we need a loan – to finance a car or house, or to get by when times are tough. It is important to be cautious as borrowing comes with interest, and can become a bad habit when you’re dependent on it.
In this video, we teach you what to ask yourself before taking a loan or credit card, what the benefits and drawbacks of borrowing are, who you should borrow from, and why you should never borrow money from a loan shark or unlicensed money lender.
Sometimes, loans are necessary but learn how to borrow prudently