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FINANCE TIP OF THE DAY
Can you afford your loan?!
Know the quantity of loan you can afford. The banks may sanction loan based on your income but you should look at your monthly expenditure and see if you can afford the maximum that banks offer. As a thumb rule, remember not to let your credit exceed 40% of your income!
TOPICS
- Avoiding debt (25)
- Buying a home (37)
- Car purchase (15)
- choosing a loan (23)
- creating wealth (29)
- credit score (7)
- Equity investing (23)
- Rent a home (1)
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