The drawbacks of flat interest rate

“The cost of the loan is much higher than a reducing interest rate loan, interest on the entire loan amount and the outstanding loan amount does not go down.” – Amit Prakash Singh, Principal Partner, Square Yards, on  Drawbacks of the flat interest rate method. This was featured on a  MoneyControl article on November, 26th, 2018 titled Applying for a home loan? Stay away from the flat interest rate trap to save money.

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