Rajib’s family was excited about getting new furniture, curtains and even a beautiful showpiece for their living room, just before Diwali.  However their excitement soon turned to anxiety when they realised that the probable price of all this would be around Rs. 100000/. They knew, that they could charge the entire amount to their credit card. But after a little discussion among themselves they came up with another possible way to fund this home improvement — taking a Personal Loan.

In both the cases the way to achieve their dream was only by borrowing, either by credit card or a Personal Loan. Because Rajib and his family had fixed monthly expenses, they could not afford to pay more than Rs. 3000/- additionally, after meeting their monthly obligations. So opting for a loan was the only choice they had — the EMI (Equated Monthly Installment) option.