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What should I consider before taking a consumer loan through a dealer?

mer loan, here are some steps you should follow:

Research financing options and check if you qualify for a loan before visiting dealers to shop for your choice of washing machine or television. After all, the point of going to a dealer for a consumer loan is to see that you get a larger range of financing options from competing banks.
When shopping, don't discuss financing until after the price of the product is settled to your satisfaction. Avoid discussing prices with dealers in terms of monthly payments.
If you want the best deal, you need to shop quite aggressively by comparing loan options and asking lenders to give you their best rates. See yourself as a customer searching for the best deal among vendors competing against each other for your relationship. That's the truth.