New Delhi, Feb. 25 -- With more and more Indians turning to personal loans to bridge their financial shortcomings, there is a need to clearly understand the costs incurred while opting for these personal loan products.

While can prove to be of invaluable help during a time of need, these often come with certain complicated fees that collectively make the loan costly enough. With this article, let's explore those all hidden charges you pay with personal loans and offer some ideas on how to avoid them best.

Personal loans provide immediate access to money for any number of reasons, from medical expenses, education, travel to home renovations. Their immediacy can be seductive, but one needs to know the total cost, not the sale price. You s...