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Indulgent Personal Loan Borrowers Face A Moment Of Reckoning
The lending rates on personal loans are likely to rise by 50–100 basis points across the system, bankers say.
29 Nov 2023, 02:37 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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Suraj Kumar is under a pile of debt. In about six years, his burden has doubled to Rs 16 lakh.The Mumbai-based media professional has at least six credit cards from different banks in a desperate effort to repay the personal loans taken from non-bank lenders since 2017. What started as an easy solution to arrange funds for personal use has now led to a mountain of financial troubles. Either way, Kumar (who didn't want to disclose his...
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