Personal loans generally have higher interest rates and lower principal amounts, making it challenging to repay, especially for those earning Rs. 20,000. Various lenders offer loans up to Rs. 5 lakh, but evaluating finances and maintaining a good credit score is crucial to avoid debt traps.
Personal Loan: Can you qualify for a 5 lakh loan with a ₹20,000 salary - key tips and challenges
livemint.com - 14 Jan 2025 08:21
Personal loans generally have higher interest rates and lower principal amounts, making it challenging to repay, especially for those earning Rs. 20,000. Various lenders offer loans up to Rs. 5 lakh, but evaluating finances and maintaining a good credit score is crucial to avoid debt traps.
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