You should make sure that the monthly repayments are going to be affordable. You should be confident that you will have enough money left over after paying day to day expenses (such as mortgage or rent payments, food, transport, utilities, mobiles etc.) to make the repayments. You should also think about any future changes to your circumstances, i.e. redundancy, birth of children, illnesses etc. which could impact your income or expenses and therefore your ability to afford repayments. If you don’t think you can afford the repayments, you should not take out a loan.