Beware of unsecured loans fees and charges: Consumer Council
December 28, 2016 5:37 pm
The Consumer Council of Fiji is advising people who intend to take personal unsecured loans to be aware of different fees and charges.
Officer in Charge Bindula Devi says consumers must compare fees and charges, interest rates and other costs.
The Council compared disclosed fees, charges and interest rates between the six major financial institutions this month.
Lal says many banks have high interest rates, approval fees and monthly services fees.
She adds personal unsecured loans should be acquired for necessary needs only.