Write down the key figures
Identify the principal, interest calculation, permitted fees and repayment schedule. Note the amount and date of each payment. Ask the provider to explain anything you cannot follow before agreeing.
Check what happens if a payment is late
Review the conditions for late charges and the consequences of missing a payment. For licensed moneylenders, consult the Registry’s borrower guide for the applicable limits. This checklist does not replace the actual contract or official guidance.
Keep your records together
The Registry says borrowers should receive a copy of the Note of Contract when the loan is granted. Retain it alongside the repayment schedule and payment receipts so you can compare later statements against the agreed terms. Do not sign until the terms are clear to you.
Further reading
General information only. Review your circumstances and the provider’s actual terms before deciding to borrow. Approval and terms depend on lender assessment.