The type of loan you choose is generally based on two factors:

• The reason for the loan.
• Your financial circumstances.

Most people who borrow money have a good reason for doing so, and most banks are sympathetic to their customers' needs. Here is a list of common reasons for borrowing:

• Furnishing a new home
• Buying a car
• Paying tax
• Getting married
• Going on a holiday
• Taking advantage of a sale
• Emergencies
• Shortage of cash
• Education
• Making a timely investment
• Buying appliances/durables