The dos and don'ts of personal loans

Personal Loan UAE

When times get tough and you need extra cash for an emergency or unplanned event, personal loans can be your best friend.

Bhambri says the low-interest regime in the market has dragged down the borrowing costs for banks, enabling them to maintain profitability even with reduced rates. “Currently, banks are also increasing loan eligibility to meet increasing customer needs,” adds Bhambri. However, before you jump on the borrowing craze, consider some tips first.

Published: Gulf News- February 24, 2013