Festive EMIs Are Adding Up Fast
India's middle class is spending more on credit this festive season, and EMIs are quietly piling up. Here's a quick way to check if yours are eating into your savings before it becomes a problem.
More Indians are swiping cards and taking EMIs this festive season, and for many families, total EMIs now cross 40% of take-home pay — the level lenders themselves treat as risky.
A report shows households are borrowing more for everyday upgrades, from phones to trips, even as repayments quietly eat into monthly budgets.
If your EMIs cross that 40% mark, that's your red flag.
Festive spending is fun — just make sure next month's EMI doesn't quietly outgrow your paycheque.
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