🤔 Is A Loan Cheaper Than Breaking FDs?
Published by OOPSONLINE.IN · Source: Moneycontrol · 1 min read · · Updated
😂 OOPS SAYS
Nothing says "financial adulthood" quite like doing complex calculus to figure out if it’s cheaper to borrow your own money or pay a penalty to just have it back.
What actually happened
Compare breaking an FD with taking a loan against it by looking at premature withdrawal penalties, lost interest, loan costs, repayment period and how close the deposit is to maturity.
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