Choosing a Lender

If you need to take out a loan, you should review all the lender’s terms before you consider a contract.

Things to look at when choosing a lender:

If you are thinking about accepting a loan from a friend or family member, make sure you both agree the terms. Think about whether you will be paying interest and how long it’s going to take to pay the money back. Having the terms written down will help if at any time the lender and the borrower disagree.