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<\/strong><\/p>\n <\/strong><\/p>\n <\/strong><\/p>\n Bad loans:<\/strong> Credit loan:<\/strong> Personal loan:<\/strong> Good loans:<\/strong> Home loan:<\/strong> Education loan:<\/strong> <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Bad loans:This defines money that was taken to buy a luxury item, like buying an automobile or swiping the credit<\/p>\n","protected":false},"author":1,"featured_media":3649,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[5,13,19],"tags":[923,568,522,528],"class_list":["post-3648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","category-others","category-world","tag-home","tag-jewellery","tag-luxury","tag-money"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-150x150.jpg","medium":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-300x233.jpg","medium_large":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one.jpg","large":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one.jpg","1536x1536":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one.jpg","2048x2048":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one.jpg","colormag-highlighted-post":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-392x272.jpg","colormag-featured-post-medium":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-390x205.jpg","colormag-featured-post-small":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-130x90.jpg","colormag-featured-image":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-640x445.jpg","colormag-default-news":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-150x150.jpg","colormag-featured-image-large":"https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one.jpg"},"magazineBlocksPostAuthor":{"name":"Styched","avatar":"https:\/\/secure.gravatar.com\/avatar\/dd12961bc53f4886ed1e087725cc7d1e94ea1ab645b4698e4fdac10b9b4d6ad8?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Bad loans:This defines money that was taken to buy a luxury item, like buying an automobile or swiping the credit","magazineBlocksPostCategories":["Entertainment","Others","World"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one.jpg",640,498,false],"medium":["https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-300x233.jpg",300,233,true],"thumbnail":["https:\/\/styched.com\/wp-content\/uploads\/2026\/04\/how-to-tell-a-good-loan-from-a-bad-one-150x150.jpg",150,150,true]},"magazine_blocks_author":{"display_name":"Styched","author_link":"https:\/\/styched.com\/?author=1"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/dd12961bc53f4886ed1e087725cc7d1e94ea1ab645b4698e4fdac10b9b4d6ad8?s=96&d=mm&r=g","magazine_blocks_category":"Entertainment<\/a> Others<\/a> World<\/a>","yoast_head":"\n
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This defines money that was taken to buy a luxury item, like buying an automobile or swiping the credit card to buy jewellery or taking a loan for a foreign trip.<\/p>\n
Credit card debts hit middle-income groups really hard. This is because the interest charged by credit card companies is extremely high, ranging between 17-20 per cent. This is sure to set you back financially.<\/p>\n
Consider this loan when you are in a dire situation and there is no way out but to take up this loan. You can end up paying EMI for this loan for as long as 2-3 years and that is tough as this too has high interest rate ranging from 11.49 – 22 per cent. <\/p>\n
This kind of a loan is taken for a product that is an asset and not a liability. Like home loans (turns into a great investment option) or education loan (after all that is what will help in the future).<\/p>\n
There are three benefits of taking this loan. Firstly, land prices often only rise, thereby turning into a great investment option for you. Secondly, you can avail of the tax benefits on the principal home loan amount as well as on the interest paid. Thirdly, if you end up having two houses, you could put one up for rent. You can earn rent on one of the houses. <\/p>\n
This obviously helps your child or you to finish education and become financially independent.<\/p>\n