Taking a loan is not a joke and involves lot of procedures. Due to the coronavirus pandemic, the Indian economy is anyways going through a downturn.
In this scenario as we are heading to welcome the New year in some days, you need to be extra careful if you are planning to take a loan in the coming days.
A personal loan has to be taken only after understanding if you can pay your monthly expenses with your monthly income or not.
Research the fintech company or bank very well before applying for a loan. Many advertise their loan offerings in a great way but when it comes to reality, you suffer. Thus, make sure you compare interest rates, loan period, processing fees etc. before picking up the loan provider.
Take loan from the provider with low or budget-friendly interest rates based on your credit score and financial requirements.