Seven steps to take note of when borrowing.

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Only consider financial institutions that are registered with NAMFISA and Bank of Namibia so that you have the legal right to complain.
Do not take the first loan offer but shop around.
Find out about the products and services that suit your needs best.
Limit yourself to the amount / goods that you really need.
Keep the loan term as short as possible to reduce the total cost of borrowing, but always consider your disposable income.
Ensure that you have the required documents for the type of borrowing you have chosen.
Make sure that you understand the terms and conditions of the contract. If not make use of your right to have the fine print explained to you. Do not let anybody force you to sign anything you do not understand.