New Delhi, July 1 -- Personal loans provide a crucial lifeline to aspirational borrowers, especially when they are faced with difficulties and economic challenges in day-to-day life.

Personal loans are credit tools that assist borrowers in securing funds for meeting essential financial targets such as surgery costs, education expenses, indispensable house renovation, and other similar unavoidable tasks.

According to a report by PTI, personal loan growth slowed to 6% in Q4 FY25, a dip from previous years' double-digit figures. This moderation is seen as a clear sign of growing borrower caution and tighter norms adopted by lenders to primarily facilitate credit discipline. This is important to help in bringing NPA's of lending institution...