Prior to applying for a loan you need to ask yourself a number of questions:

1. How much to I need?
2. How much can I afford to repay?
3. What term do I want the loan for?

Some of the factors taken into account when considering a loan application:

• The member’s income and expenses to determine the members ability to repay the loan
• The member’s previous loan repayment record
• The purpose of the loan
• Frequency of loan applications
• If you are topping up your loan, how much of the previous loan has been repaid?