Questions to ask your lender before you apply for a loan

If you are thinking of taking out a personal loan, it’s important that you understand the terms before you agree. Here are the things you need to know before you apply for a loan.

How much can you borrow?

The amount you borrow will depend on several factors. From the lender’s perspective, they will be looking at the risk involved in lending to you. They will use this to determine the amount they will lend, the payment terms and the interest rates.

Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.

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