New Delhi, Feb. 20 -- Do you have a number of financial obligations akapersonal loans and planning to redeem them by raising a fresh one? This is not a bad idea, nor is this unprecedented but whether you should opt for it or not - let us dig deeper and find an answer.

These are some of the factors which you need to consider before you opt for it.

1. When your debt obligation is large while the rate of interest is exorbitantly high at the same time.

2. Fresh loans are being offered at a concessionalinterest rate. This way you can save money by way of interest differential between the two sets of loans.

3. The new loan is being offered by a bank with which you share a good banking relationship. And your intent is to take the current loa...