Achha, if you're a salaried person in a big city with a good credit history, the terms are actually quite favourable. You can get a personal loan online in minutes, with interest rates as low as 10-11%, and often without any collateral. They mostly check your salary slip and credit score.
But sach bataun, this easy credit makes me a little nervous. I see my colleagues taking loans for the latest phones or vacations, and I think of my father saving for years to buy our first scooter.
My real collateral was never paperwork; it was the community's trust. Back in Bilaspur, if I needed money, I'd go to Mama-ji. The interest was a box of sweets, the repayment was when I could, and the documentation was his faith in my character. That weight in the hand, you know? It felt different.
#money#career
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