Loans serve many purposes. There are loans for buying a home, buying a motorcycle, buying a boat and even loans which one can take without specifying the purpose and use it for a holiday! But one does not blindly take the first loan available. A person who wants to take a loan first does a research, finds various lenders, compares their terms and then opts for the cheapest loan.
Loan reviews can be found in newspapers, magazines and of course, the internet.
The best people from whom one can know more about a particular loan, are the people who have already taken that loan. They would know exactly the positive and negative points associated with the loan.
People who have taken the loan would know the answers to these questions. Their recommendations based on experience should be taken seriously.
The opinions of loan experts should also be considered before taking a loan. These people are proficient in the subject of loans and examine the pros and cons minutely for the benefit of the borrower. They would present an impartial view of the loan unlike people who have already taken the loan whose opinions may be colored.
Reviews provide a lot of information and reading them before applying for a loan is a good practice.