Before You Take Your Next Loan — Read These 10
Golden Rules
Loans can
help or harm. Follow these rules to make sure you’re in control — not the
bank.
🧠 Rulebook to Follow
- Never borrow for wants (phones, parties, gadgets)
- Keep total EMIs below 30%
of your income
- Prefer short-term loans to
save on interest
- Avoid multiple loans at the
same time
- Don’t take loan just because
it’s pre-approved
- Always compare interest
rates from 3–4 lenders
- Check hidden charges, not
just EMI
- Choose fixed EMI dates
matching salary day
- Read full sanction letter
& terms
- Pay 1 EMI in advance if
possible — boosts trust
🛡️ Bonus Tip
Avoid loan
app traps. Go only with RBI-registered NBFCs or trusted banks.
✅ Conclusion
A loan
can build your life or break your peace. Use it as a tool — not a trap.
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