What factors do you need to consider before taking out a loan?

1.	What factors do you need to consider before taking out a loan?
Answer» Taking a loan becomes a very challenging process if the IMPORTANT aspects are not covered properly. The main factors which I BELIEVE should be CONSIDERED before taking a loan are Credit score Interest rates Repayment term Debt: Income Ratio Value of collateral Liquid ASSETS

Answer»

Taking a loan becomes a very challenging process if the IMPORTANT aspects are not covered properly. The main factors which I BELIEVE should be CONSIDERED before taking a loan are

Credit score
Interest rates
Repayment term
Debt: Income Ratio
Value of collateral
Liquid ASSETS

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What factors do you need to consider before taking out a loan?

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