Read in:

Lending money to friends or relatives? These 8 hidden financial risks can drain your sa...

By KLF AI Desk•19 May 2026, 12:50 pm•

Quick Summary

Helping friends or relatives with money may seem generous, but personal loans and loan guarantees can create long-term financial stress. If the borrower fails to repay, your savings, future investments, and even relationships may suffer.

Lending money to friends or relatives? These 8 hidden financial risks can drain your sa...

Quick Summary

Related Reads

HDFC Bank Hikes Lending Rates, MCLR Increased Across Tenures - INDToday

Indian Bank, Yes Bank, Federal Bank, Jana SFB, And Four More Banks Revised FD Interest, Up To 8.00 Per Cent For Seniors - Outlook Money

More on Bank News

RBI mandates 3-year cooling-off period for co-operative bank directors

Rupee makes smart gains on decline in oil prices and central bank support

RBI, Rating Firms assess Iran War risks on Indian companies

Can you get another loan if you’re already paying EMIs? Here’s the answer - The Economi...

SBI vs PNB FD rates: Which public sector bank offers better fixed deposit returns in 2026? - Business Today

DBS Bank India revises FCNR (B) deposit interest rate; NRIs can get up to 5.6% per annum - Upstox

DBS Bank India offers up to 5.6% per annum on USD FCNR(B) deposits - SMEStreet

Ujjivan SFB, DBS Bank India hike FCNR deposit interest rates - CNBC TV18

Can banks block your mobile in case of loan default? RBI lays down rules for restrictin...

Bengal govt orders audit into Cooperative Bank Loan 'Scam'