New Delhi, Sept. 5 -- The rise of easily available loan credit lines has made EMIs an integral part of household finances across the country. Starting from homes, cars, gadgets, along with other critical lifestyle products and services, borrowers are increasingly adopting EMIs in order to ensure seamless purchases and a pleasant experience of availing a facility, service or a product.

Now, consumers generally judge the affordability of a product or service by the size of the monthly instalment it demands; still, a small Equated Monthly Instalment (EMI) can also be equally daunting and misleading when viewed in isolation.

The real test of affordability and ease, therefore, is whether an individual can manage the EMI efficiently. When it ...