
FINANCIAL LITERACY HUB
February 9, 2025 at 06:07 AM
*What to Know Before Borrowing*
📌The amount of your loan, including principal, interest and fees
📌The sources of income and/or savings
you have, to make the loan repayments
📌When you will actually get the loan money in your hands (will it be received
within the time you need it?)
📌That your investment from the loan generates a return which is high
enough to cover the total cost of credit
and to make a profit
*These are very key before you go for a loan*
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