Already paying EMIs, taking a personal loan can affect your finances if not planned carefully. In India, lenders assess your fixed obligation to income ratio (FOIR), and adding another EMI increases monthly outgo, leaving less room for savings and emergencies.
Personal loans also carry higher interest rates than home or car loans, raising overall debt cost. If the new loan pushes your EMI burden beyond 40 to 50% of monthly income, it may strain cash flow and impact your CIBIL score if payments are delayed. However, if income is stable and EMIs remain manageable, it can be handled safely.
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Already paying EMIs. Will taking a personal loan mess up my finances?
Ruchir58367
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2026-01-06T11:13:35+00:00 2026-01-06T11:13:36+00:00Comment
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