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40% of borrowers are taking fresh loans to repay existing EMIs: Why festive credit can deepen debt

Source: Business Today

Festive-season borrowing could put additional pressure on households already struggling with existing debt, with many consumers turning to fresh credit to meet repayment obligations. Expert Panel data shows 40% of borrowers are using new loans or credit cards to manage existing EMIs, highlighting the risk of a deeper debt cycle.

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This digest is published with acknowledgment to Business Today. For the complete analysis, headnotes, and citations, please refer to the source.

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