InvestorQ : Can you tell me how converting credit card expense to loan works?
Ashoka Patkar made post

Can you tell me how converting credit card expense to loan works?

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Suresh Patil answered.
3 years ago
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This facility works the same way a typical loan works. On converting an expense to EMI, a rate of interest will be levied on the amount (or on the entire credit card bill, if you have converted the entire bill to EMI). This interest amount will then be added to your expense (or total bill amount) and the resultant amount will be divided equally over the entire loan tenure.

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