Very disappointed

1/5

I took a ₹10,000 loan during an emergency, and although I made every EMI payment on time without missing a single installment, the experience left me very disappointed. The interest rate was around 36%, which I feel is extremely high, especially considering my CIBIL score is 780.By the end of the loan term, I had paid nearly ₹16,000 in total for a ₹10,000 loan. I understand that interest is part of borrowing, but the overall cost felt excessive. As a responsible borrower with a good credit history and timely repayments, I expected much better terms.

The loan was approved quickly when I needed it, but the high interest burden made me regret taking it. Based on my experience, I would advise others to carefully review the interest rates and total repayment amount before accepting a loan offer. There may be better lending options available with more reasonable rates.