Borrowing money requires a lot of discipline.
Be sure to try your best to repay the loan amount before the loan term finish.
It is important to pay the money back on time so as to avoid paying extra penalties such as late payment fee which only adds to your financial woes.
Know the terms and rules of the loan you are getting and get familiar with them before signing on the dotted line.
Nowadays, banks like UOB and DBS, offers 0% interest Funds Transfer for a period of 6 months which you only pay the administration fee which range from 1.5% to 2.5% of the loan amount. You can save a lot on interest.
It is important to clear up the loan within 6months as the interest rate will go back to 24% p.a!