New Delhi, Nov. 3 -- To avoid excessive debt build-ups, you should carefully check your personal loan EMI. It gives you a clear understanding of your monthly outgo and overall financial liabilities.

By reviewing your EMI details, you can plan your overall liability and make informed borrowing decisions. Such a well-planned approach supports long-term financial health and stability.

Regularly tracking your EMIs ensures your monthly outgo stays within the safe 35-40% of your income limit.

For example, if your monthly income is Rs.1,00,000, then your monthly EMI outgo should preferably be within Rs.40,000. This helps ensure you are never under unmanageable debt.

Financial institutions like HDFC Bank, ICICI Bank, Bajaj Finance, and Kotak ...