While managing multiple loans, prioritise keeping debt below 40% of disposable income. Timely repayments are crucial to maintain a good credit score and avoid penalties. Prioritise paying off high-interest loans first, using surplus income wisely. Consider loan balance transfers for reduced interest costs. Monitor expenses closely, cutting down on non-essentials. Mindful debt repayment, utilising tools like Loan EMI calculators, ensures financial stability. Plan strategically for optimal outcomes in your loan management journey.
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