INDIA, Dec. 2 -- Getting quick access to money is easier than ever. Platforms that allow you to get a 2000 instant loan or larger amounts within minutes have grown rapidly in India. They're a last resort for people who have run out of other options for money to cover bills, travel, or medical expenses.

The catch is that, even though the process seems easy, there are often hidden fees in the fine print that can make borrowing more costly than anticipated. First-time borrowers often fixate on the speed of approval and overlook the less obvious fees that emerge later.

This blog highlights those secret costs and how you can avoid being charged fee traps to borrow small instant online loans.

1. Processing Fees: The First Hidden Charge Almos...