How to Use a Personal Loan Without Falling Into Debt
A personal loan can be useful, but poor planning might turn it into a burden. To avoid falling into debt, borrow only what you truly need—don’t be tempted by the maximum amount you're offered. Always compare interest rates and check for hidden fees like processing charges or prepayment penalties. Set a realistic EMI based on your income, and choose a repayment tenure you can stick to comfortably. Most importantly, avoid using the loan for non-essential expenses or risky investments. Smart usage starts with disciplined repayment and clear financial intent.
Website - https://karnatakabank.com/...
A personal loan can be useful, but poor planning might turn it into a burden. To avoid falling into debt, borrow only what you truly need—don’t be tempted by the maximum amount you're offered. Always compare interest rates and check for hidden fees like processing charges or prepayment penalties. Set a realistic EMI based on your income, and choose a repayment tenure you can stick to comfortably. Most importantly, avoid using the loan for non-essential expenses or risky investments. Smart usage starts with disciplined repayment and clear financial intent.
Website - https://karnatakabank.com/...
07:32 AM - Jun 23, 2025 (UTC)
