InvestorQ : Is it better to have a short tenure or a long tenure when converting a credit card expense to a loan?
Kunal Verma made post

Is it better to have a short tenure or a long tenure when converting a credit card expense to a loan?

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Suresh Patil answered.
3 years ago
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A credit card expense converted to a loan works the same way as any normal loan. Thus, the longer your loan tenure, the higher the interest rate on your loan amount.

Thus, a 22-month loan will attract higher rate of interest than say a 6-month loan.

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