New Delhi, April 14 -- If you are facing a financial crisis or an urgent need for money, it is natural to borrow. However, it is important to realise that the loan amount should remain within comfortable range. This means one should not borrow so much money that it becomes too high to repay.

It is vital to note that there are dime a doze banks, NBFCs andfintech platforms which are willing to give youpersonal loans at a high rate of interest. But you should be careful not to borrow more than you can afford to repay.

Typically, the borrower is expected to keep the EMI amount lower than 50 percent of monthly income, while it is better to keep it below 40 percent.

"We often tell our clients to keep theirmonthly EMIs below 40 percent of the...