You know you’re an adult when you have to take your very first loan. I did it several years ago when I signed up for a housing loan to purchase a new property. It was a really stressful process and mind-boggling too as there were so many banks on the market pushing their loans to customers at various interest rates and with all kinds of packages. There were unsecured loans and special homeowner loans at special rates for purchasers who purchased the house with that particular developer. If I learnt anything from that process, it was to Compare loans from various banks and to try to understand what the actual terms are behind their glossy marketing façade.