April financial reviews can reduce monthly loan burdens
Loan repayments are a primary pressure point for households as high interest rates cause EMIs to consume a significant portion of monthly income. This occurs as interest rate cuts have been slower than expected and inflation remains elevated across essentials, specifically food, fuel, and services. The start of the new financial year in April provides a window to review loan terms to switch to lower rates or make partial prepayments. These adjustments reduce the overall monthly financial burden.
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