New Delhi, Nov. 29 -- Managing loan repayment properly can really make a difference in your financial health. With so many choices available, it is essential to choose the right one that will meet your financial goals and circumstances.

Let's understand the different kinds of loan repayment strategies, their advantages and disadvantages, and help you make better choices. Whether a novice or seasoned borrower, learning these tactics will expedite the payoff process and ensure financial stability.

A personal loan is essentially an unsecured loan for which a large amount of money can be received for purposes that one might want, like any medical crisis, house improvements, travel, and also any form of debt consolidation. One, however, shou...