More than half of India’s urban salaried class now spends between 30% to 50% of their monthly income on EMIs. Whether it’s a new vehicle, a child’s education, or the latest smartphone, credit has become the default mode of payment. However, while loans are easier to access than ever, most borrowers still operate in the dark, unaware that they could negotiate better terms, switch lenders, or restructure loans to their advantage. Many accept the first offer from a bank or lending app without checking eligibility elsewhere or understanding if better…
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