Here are some key factors that you must consider before applying:
Make sure your credit score is good. Higher the score, the better.
Check if you can afford to pay monthly EMIs from your current income.
Research all the loan options available before finalizing an offer.
Choose a repayment tenure that's convenient for you. Shorter tenure means higher EMI, and vice versa.
Know the prepayment terms of the loan and the charges applicable.
Ask the lender for all the additional charges that may apply to the loan.
Lastly, read all the documents carefully before signing.