Have you ever taken a product loan?

[Stardom22]

Do me l have once taken a smartphone loan. I really wonder why the lenders charges the most highest interest charges for the smartphones for instance. When l completed repayment for the loan l realized that l had could have bought like two of the same phones had l bought that in cash.

 

[arunima25]

No, I have not. I have realised it by calculation that we end up paying more with the EMI option. I have always saved enough money before buying it. I avoid taking loans in any aspect as much as possible.

 

[Kross]

I don't know if buying foodstuff on credit amounts to product loan too. I this case, there is always no interest.

 

[Springtime]

I avoid taking any loans. If I want to buy something and without enough money, I will save money to get what I need.

 

[Starmix]

No, I didn't experience it
For me it is not good because of the interest that surcharges in case you'll be one day late in paying your loaned product.