Personal Finance Loans: boon or bane? Updated : November 26, 2018 08:49 AM IST Loans are a boon when there is a stress for capital. Think of a situation where the funds are required for an exigency. What can one do? Loans turn out to be the easiest option to fall back upon. One needs to be judicious in exposing himself to credit. The loan amount should be restricted to the amount for which the EMIs can be paid back without much hassle. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.