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First Published: 10 Feb 2023, 01:47 PM IST
All you need to know about step-up and step-down loans
Updated: 10 Feb 2023, 03:12 PM IST
TL;DR.
Step-up and step-down loans are loans that have variable EMIs spaced out over their duration. They offer flexibility, allowing borrowers to pay more when their income increases and less when it decreases.
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