OTHER WAYS OF GETTING A PERSONAL LOAN

If you don't want to look for a personal loan on your own, you might want to use the services of a finance (or mortgage) broker.

Some South Africans are turning to finance brokers to find loans that suit them. A finance broker acts as an agent between you and your loan provider.

Using a finance broker can save you time and money, but you need to realise that they are usually not giving impartial advice and they may not be experts in the credit market.

It's wise to ask the broker a few questions before you meet. For example:

•Are you registered?
•How many credit providers and products do you check?
•Which credit providers do you have on your list of lenders?