Consumer durable loans: Avoid hidden costs and risk of overleveraging
Last Update Date: 05-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar said borrowers should check pre-closure terms, compare the full cash price with the EMI price to find the net cost, confirm the lender is RBI-registered, and limit digital consent to the data needed for underwriting.
More of Abhishek's views on debt and loans
The article looks at consumer durable loans, now a main entry point to formal credit for first-time borrowers. It explains how zero-cost EMI offers can hide costs in fees or lost discounts, what to check in the key fact statement, how to verify lenders and limit data access, and how to keep total EMIs within limits.
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Consumer durable loans: Avoid hidden costs and risk of overleveraging