New Delhi, Aug. 28 -- Raising a loan is not unusual. Whether you need money for a house renovation or an emergency, you can seek a home loan from a bank or a fintech platform. However, if you believe that you can rely on a loan for anything and everything, then you are wrong. It is not recommended to seek a personal loan for discretionary spending, such as for a vacation or to buy a luxury item.

Easy instant personal loans allow people to spend more than they can actually afford.

Preeti Zende, founder of Apna Dhan Financial Services, strongly advises against taking out a loan for travel. She says, "Travelling is considered your aspirational goal, so for such a goal, it's always better for you to use your savings and regular income to fu...