New Delhi, April 21 -- Have you ever felt that your monthly EMI on a loan availed by you is quietly eating into your financial freedom? Be clear, you are not alone. Given that loans help borrowers achieve elaborate financial objectives, such as buying a home, a new car, or meeting education-related requirements.

Still, excessive financial burden due to loan-related EMIs can quickly turn into a serious problem, resulting in never-ending psychological stress. This makes understanding loans on a fundamental level critical. Understanding the right limit, therefore, is key to maintaining a healthy balance among savings, spending, and living a meaningful life.

Rohit Patwardhan, Chief Credit Officer, HDB Financial Services, explains this point...