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Five things to consider before applying for a loan

When taking a loan there are things you have to first consider (Shutterstock)

There comes a time in your life when you will need a loan to help you accomplish some of your plans or aid an emergency. Whether you are taking a loan from a bank, a loan shark, a family member or friend, there are things you have to consider first before committing to a loan. Here are some:

The purpose of the loan

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