How inflation affects loan repayment? Key insights you need to know
Inflation impacts loan repayment through rising interest rates, increasing borrowing costs, and affecting purchasing power. Borrowers may face higher EMIs, budget challenges, and the need for longer loan tenures. Strategies like prepayment and balance transfers can help manage financial burdens.
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Inflation impacts loan repayment through rising interest rates, increasing borrowing costs, and affecting purchasing power. Borrowers may face higher EMIs, budget challenges, and the need for longer loan tenures. Strategies like prepayment and balance transfers can help manage financial burdens.
