Shreyaa Kapoor Instagram – Ever thought a “lower” rate might actually cost you more? 😅
Watch to know how a 12% flat rate can drain more from your wallet than a 20% reducing balance rate. 🙌🏼
Many borrowers get trapped by seemingly attractive low-percentage flat rates, not realizing they’re actually paying more in the long run. ✨
A flat rate calculates interest on the entire principal amount throughout the loan tenure, while a reducing balance rate charges interest only on the remaining outstanding amount. 🙏🏼
Don’t just look at the percentage – understand how it works! @finnabletech gives you personal loans in a simple transparent process. 🌱
Check out the app using the link in my bio!📱
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[loans, loan tips, personal finance, finance tips, money tips, personal loan, home loan] | Posted on 04/Feb/2025 20:00:09
