Daily Loan Calls? Know These Crucial Facts Before Saying 'Yes'

• Frequent calls for personal and auto loans are driven by banks and NBFCs pushing profitable retail loan products.
• Pre-approved loans only mean your credit profile meets basic conditions; actual rates and fees are revealed later.
• Easy money from personal loans can become expensive debt due to high interest rates and hidden charges.
• During financial crises, people often make hasty decisions, leading to expensive loans with strict terms.
• Always compare rates, understand total payable amounts, check foreclosure charges, and verify insurance terms before accepting any loan offer.