Mumbai (Maharashtra) [India], March 13: Personal loans have emerged as a popular choice for individuals seeking quick access to funds for a diverse range of reasons. Many financial institutions these days offer collateral-free personal loans, at competitive interest rates, making them easily accessible for people from all walks of life. However, with the convenience of these loans comes the importance of understanding the associated fees and charges. To ensure informed decision-making, borrowers should be aware of the factors that determine the fees and charges of personal loans.