Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in interest?
Answers
Answered by
0
Loans come in different tenures and interest rates.
With longer tenure, he will have to pay more interest.
So, Joy should choose the shortest available term to pay his EMIs.
He can also opt for paying an upfront deposit for the same or show collaterals in his documentation.
Self answered
With longer tenure, he will have to pay more interest.
So, Joy should choose the shortest available term to pay his EMIs.
He can also opt for paying an upfront deposit for the same or show collaterals in his documentation.
Self answered
Similar questions