Loans are a common part of financial life, whether for education, business, or personal needs. However, managing them wisely is key to avoiding future burdens. Here’s how to borrow—and repay—responsibly.
Each loan comes with different terms, such as interest rates, repayment periods, and possible collateral requirements. Be sure to fully understand these terms before signing any agreement. Don’t hesitate to ask questions if something isn’t clear.
It may seem easy to take a loan, especially if you believe you’ll earn more with it. But debt is still a burden—especially if you fail to repay on time. Only borrow for necessary purposes and have a clear repayment plan before committing.
While many financial institutions offer quick loans with minimal documentation, always choose a trusted provider that offers reasonable interest and repayment terms. RHB, for example, offers flexible financial solutions tailored to your needs. Learn more about RHB loans here.
Always do your research before applying for a loan. With careful planning, loans can help grow your financial future—not become a liability.
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