HomeNewsBusinessPersonal Finance60% of India's borrowers struggle to pay back: How to escape the debt trap and protect yourself from aggressive lenders

60% of India's borrowers struggle to pay back: How to escape the debt trap and protect yourself from aggressive lenders

India's debt crisis worsens, with 60% of borrowers struggling to pay, facing harassment, and trapped in high-interest cycles. Legal support and financial literacy are key to escaping this debt trap.

Defaults on loan repayment harm credit scores, limiting future borrowing options.

Hiral Thanawala is a personal finance journalist with over 10 years of reporting experience. Based in Mumbai, he covers financial planning, banking and fintech segments from personal finance team for Moneycontrol.

first published: Nov 17, 2025 04:32 pm

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60% of India's borrowers struggle to pay back: How to escape the debt trap and protect yourself from aggressive lenders

India's debt crisis worsens, with 60% of borrowers struggling to pay, facing harassment, and trapped in high-interest cycles. Legal support and financial literacy are key to escaping this debt trap.

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