And why loan prepayments are a matter of opportunity and comfort
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Good morning [%first_name |Dear Reader%],
Last week, Anand broke down a dilemma that has surely been running through many minds. When interest rates start to go up, should you opt to pay a higher monthly instalment on your loan? Or should you choose to keep it the same and deal with a longer loan tenure?
One of those choices is certainly costlier than the other. But those aren’t the only options available to you. There is a third. And today, Anand lays out the pros and cons of taking that path.
Before we get to that, though, we have Arundhati’s take of the week. The RBI has lit a fire in the buy-now-pay-later (BNPL) space, and companies running such operations are all scrambling to find a fire extinguisher.
Except for one.
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Only one credit card-challenger is really, really safe
The thing with writing a Monday newsletter is that if I’m writing about an event that happened last Monday, you’ve probably heard about all the angles already.