“Loan India”: Why Are We Addicted to Borrowing & Why Unsecured Loans Are Cheaper Than Secured Loans?
Walk into any metro city street or scroll through your phone for 5 minutes, and you’ll find it—some app or ad offering you a personal loan in seconds. “Get ₹5 lakh in just 5 clicks!” “No documents needed! Just PAN and Aadhaar!” “Zero collateral! Low interest! Quick disbursal!” From students...