New Delhi, Feb. 4 -- Borrowing money i.e., personal loan through digital applications can expose aspirational borrowers to various risks. These include high interest rates, hidden facts, aggressive recollection practices, cheating, harassment of all forms etc.

Many borrowers generally don't fully understand the terms and conditions of their personal loans, leading to the possibility of exploitation by lenders.

It is important for aspirational borrowers to clearly understand terms like creditworthiness, credit score, personal loan, personal loan EMIs, personal loan eligibility, interest rates, lending platforms among other associated things to be termed as informed and educated digital borrowers.

It is important to understand the remedi...