What should I keep in mind before apply for a personal loan?

You should evaluate your financial situation, your actual needs and your ability to repay before applying for a personal loan to avoid overborrowing. Many financial institutions advertise their loans with wordings like 'lowest interest', '0 interest' and 'interest waiver throughout the tenor', but keep in mind that you may need to pay interest plus other fees including handling and service fees. So when you compare different personal loans, you should look at their Annual Percentage Rates. Annual Percentage Rate (APR) refers to the annual costs of a loan including the cost of interest and additional fees, which helps you understand the total cost of a loan.