Taking loans is not harmful, but if you will to take loans to cover loan this will only get yourself deeper.
ONLY TAKE UP THE LOAN WITHIN YOUR OWN MEANS.
*Tips For Loan :
There will be no upfront fees require to pay or place deposit upon taking a loan. If require you to come out any amount upfront, we are sure that 200% that is a scam.
PLEASE DO NOT FALL INTO THIS TYPE OF SCAM.
Last but not least, when you apply for a Loan you may give your singpass to the Lender but NEVER X2 GIVE THEM YOUR PASSPORT DETAILS or even send them your Passport pic! As they will use your Singpass together with your Passport detail to apply Visa for China people to come over Singapore, without your Passport details they cant do anything with your Singpass, Hence not to worry when you give your Singpass away, but do rem always make it a habit to change your Singpass everytime when you give a lender!