– Higher Interest Rates 📈 – Stricter Lending Norms 🚦 – Reduced Consumer Spending 💰 – Weak Business Sentiment 🏢
Discounts possible due to slow demand. Tougher loan approvals for low credit scores.
Banks are more cautious about unsecured loans. Low credit scores may lead to rejection.
Higher loan costs slow expansion. Large firms still access funding. MSMEs struggle with stricter lending rules.
Compare lenders for the best rates. Maintain a high credit score. Prepay high-interest loans. Wait for possible rate cuts before borrowing.