Make sure the moneylender delivers to you the correct principal amount of the loan. The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.

Pay the loan instalments on time to avoid incurring late payment fees and late interest.

Make sure the moneylender issues to you a receipt every time you make any repayment towards your loan, and check it for correctness (e.g. name, amount, date).

Make sure you receive a statement of account for all your subsisting loan(s) at least once every January and July, and check it for correctness (e.g. name, amount, date); and

You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.