Yes, there are several other ways to cover your lifestyle needs. Here are some suggestions:\r\rYou can invest your money for specific goals instead of opting for a loan. Investing allows you to grow your money over time and beat inflation. Mutual funds, direct equity, bonds, exchange traded funds, gold, insurance investment plans like ULIPs (unit-linked insurance plans), endowment plans, etc., can help you accumulate funds for your lifestyle needs as well as save on tax. \rPlanning your purchases in advance also helps. This allows you to systematically save for your future necessities instead of taking a loan for personal use. You can put money in your bank savings account or open a fixed/recurring deposit and use the money later. \rBeing mindful of your needs and wants is essential too. Even though you can get attractive personal loan interest rates with quick disbursements, it’s better to not rush things. Learn to spend money wisely!