<human>:  What should I know before applying for a loan?
<bot>: Before applying for a loan, it is important to do research and compare interest rates, fees and other terms and conditions from various lenders. It is also important to review your credit report to ensure accuracy and be aware of your credit score as lenders will use this to decide if you are approved for a loan. Additionally, it is important to understand the total amount of the loan repayment, the payment schedule and the terms and conditions for repayment. Finally, make sure you can afford the loan by creating a budget and looking at your financial stability.