New Delhi, June 18 -- When you apply for a personal loan you may be offered more than just the assured loan amount. Financial institutions often use this opportunity to cross sell several other financial products such as credit cards, insurance policies or top up loans.

While these offers may seem convenient and appealing, still on your part it is essential to know how cross selling works and how it influences your overall borrowing experience.

Elucidating on the same, Nish Bhatt, Founder & CEO, Millwood Kane International, says "Cross-sold products like credit cards or insurance can offer value, but don't accept them blindly. Ask why they're being offered, check for hidden costs and charges, and always read the fine print. What starts ...