What is the most important factor to consider when determining how much to borrow?

"Interest rates" "Loan tenure" "Repayment ability" "Credit score"

What is the potential downside of choosing a longer loan tenure?

"Higher monthly payments" "Lower overall interest paid" "Increased risk of default" "Higher total interest paid"

What is a generally recommended minimum credit score for obtaining favorable loan terms?

"550" "650" "750" "850"

What is a potential consequence of missing a loan payment?

"Improved credit score" "Reduced interest rate" "Negative impact on credit rating" "Increased loan limit"

Why is borrowing money to invest generally discouraged?

"Investment returns are guaranteed" "Borrowing costs may exceed investment returns" "It's a complex financial strategy" "It always leads to financial losses"

What is a prudent practice before committing to a loan?

"Accepting the first loan offer" "Signing without reading the terms" "Comparing interest rates from different lenders" "Ignoring the fine print"

What crucial information should borrowers understand before signing a loan agreement?

"Marketing materials" "Competitor's offers" "The fine print detailing terms and conditions" "Lender's stock performance"