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5 questions you should ask yourself before taking out a loan!

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At iute, we believe that a loan is not just a financial transaction, but a decision that affects the family and the future.

That is why we have joined the Microfinance Centre (MFC) and over 15 other institutions in Europe and Central Asia in the international campaign “Be a Smart Borrower”.

At the heart of this initiative are 5 simple but essential questions:

How much can I afford?

How much will I pay in total?
Do I understand the contract?
Do I control the loan, or does it control me?
What do I do if something goes wrong?

 

Quick loans can go hand in hand with care, transparency and financial education.

Because taking out a loan wisely means building a more secure future.

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