New Delhi, April 3 -- India's personal loan market is projected to grow at a CAGR of 26.55% between FY2025 and FY2032, according to a report by Markets and Data. This growth aligns with the country's expanding credit landscape, supported by economic development.

With personal loan volumes rising rapidly, borrowers must be extremely careful about opening new credit lines. Instead, they should focus on efficient loan management and timely repayments.

Further, the rise of digital platforms and artificial intelligence has streamlined loan distribution, making the borrowing process seamless.

These technology-driven tools also simplify tracking, paying, and managing instalments online.

Before deciding on your repayment options and plans, it...