Ten golden rules to follow when taking a loan

14-Sep-2015 #Globalwealth Source: Economic Times

The article lists down ten rules of borrowing that individuals must keep in mind so as not to be enslaved by debt. Even though some rules are quite simple like not to borrow more than one can repay, always keep the tenure short and ensure timely and regular repayment. Few points on reading the fine print, keep shopping for better rates, substitute high cost loans etc. are often not looked into.

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