Personal loans: Is it wise to borrow money to repay existing debts? Here's what you need to know

By taking out a new personal loan, you restart the loan term with a lower principal amount than before. As a result, your EMI is likely to decrease.

Personal loans: Is it wise to borrow money to repay existing debts? Here's what you need to know
By taking out a new personal loan, you restart the loan term with a lower principal amount than before. As a result, your EMI is likely to decrease.