Why instant personal loans can be harmful?

1. High interest rates can make it difficult to repay the loan. 2. Short repayment terms can make it hard to pay back the loan on time.

3. Lack of transparency in terms and conditions. 4. Predatory lending practices by some providers.

5. Increased risk of default. 6. Negative impact on credit score.

It is recommended to explore other options before taking an instant personal loan and to be careful when comparing the terms and interest rates from different lenders.