How Banks Can Mislead You on Loans (With a ₹1,00,000 Scooter Example)
When you walk into a showroom to buy a scooter priced at ₹1,00,000, the finance representative will often push you toward a flat interest rate. It sounds attractive—especially when it’s advertised as 10%, which looks lower than a 12% reducing rate.
But here’s the catch: a 10% flat rate can actually cost you like an 18–20% reducing rate, and you could end up paying ₹18,000 extra without realizing it.
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