The most important thing is to shop around and compare products from different lenders. Go for the loan with lowest total cost. You have to be certain that you will be able to repay it timely.
Choose the term of the loan so that it is as short as possible. That way, you will save on interest which is typically charged daily.
You must not pay the initiation fee out of the principal loan amount as interest would be charged on it as well. You should try to pay it out of your pocket.
Check carefully all extra services which you will get and refuse the ones which you do not require in order to save on fees.
Finally, you need to repay the loan as soon as possible to generate interest savings.