The loan or EMI system is for your convenience, not to put yourself in trouble.Getting a loan is easy in some cases and difficult in some cases. But when people start getting loans easily, many times people start taking the wrong advantage of it. Nowadays the system of EMI that is Equated Monthly Installment is applicable for every item and if a person wants, one can also buy an expensive mobile by paying a low price and giving monthly installments, and people are doing this too. But some people are opting for EMI for every little thing that they want to provide themselves.
The elders always used to say one thing, spread your feet, as per the sheet, that is, buy as much as you afford, and that is the reason our elders do not follow the loan system and they buy by savings. But at present, it may not be fully applicable, still, it should be known that its need will never end. And drowning yourself in debt to fulfill every requirement will create big troubles for yourself in the future.