Do you avoid loans with a high interest rate?

[arunima25]

Interest rates are the first thing that one would check before going for a loan. We purchased our first home when interest loans on House loans were very low and we could easily afford to pay the monthly installments. Glad that we could close our loans in advance by putting some extra effort to save and pay off the debt. Living in debt, even with a low interest rate can be stressful. It feels like a big relief once we are debt free.