5 Things to keep in mind before taking a personal loan
Last Update Date: 06-10-2026
Published by Business Insider India
Abhishek Kumar's role: Quoted
Abhishek Kumar suggested checking prepayment penalties before finalising a personal loan and keeping the monthly EMI below 35% of take-home pay.
More of Abhishek's views on debt and loans
The article lists five checks before taking a personal loan: whether the loan is truly needed, comparing interest rates, looking at processing fees and other charges, judging whether EMIs fit monthly cash flow, and avoiding fake loan apps with offers that look too good.
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5 Things to keep in mind before taking a personal loan