World Bank statistics show that South Africans are the world's most avid borrowers. Back in 2014, 86% of all South Africans had a loan of some kind. The concept of borrowing money, whether it's for business or personal use, isn't a new one. People have been doing it ever since money was invented. However, just because you can borrow money doesn't often mean that you should. In most case, you have to consider if you have a proper plan and a convenient lender. Here are tips on how to choose the best loan for your requirements.
Let's be honest, most people don't like talking about borrowing money. As such, you will find that many young professionals, and even seasoned adults, don't know as much about taking a loan as they should.