It depends on what preparations you need to make for the arrival of your child. If you have to set up a nursery for your newborn, it would be ideal to apply for your loan early in the pregnancy. This way, you can allow yourself enough time to do the renovation works, and to buy the baby's cot and other necessary equipment. This, in turn, will help allow you to better focus on the arrival of your baby.
Even if you do not have a pressing need for the money, it is a good idea to apply for the loan in advance of the expected birth date. With all the excitement of having a baby, the last thing you want to worry about is whether your loan will be granted!
By getting the loan before the newest member of your family arrives, you can further ensure that you have the necessary funds to pay for essentials such as formula, bottles, baby clothes and diapers. This also helps you afford post-natal care for mummy, such as massages, and tonics.