Considering taking out a loan?

‍Loans can be divided into housing loans, student loans and consumer credits. Consumer credits include hire purchase agreements, credit cards and payday loans.

The costs, repayment periods and repayment terms of loans vary. It is important to compare loans carefully and be aware of your ability to repay them.

You should also consider whether you could save some or all of the money you need in advance instead of taking out a loan. This way you would need to pay less interest and other expenses. You should also be careful when entering into interest-free hire purchase agreements, as it is often difficult to predict your ability to pay for an entire year, for example.