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Personal Finance News

The Economic Times

Personal Finance / The Economic Times

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Should you refinance your car loan? Here's when switching may save you money

Considering refinancing your car loan? It could result in lower monthly payments and more favorable interest rates. Yet, it's essential to meticulously review any associated costs involved in switching. Extending the loan term may largely increase your total interest expenses down the line. Before making a move, ensure that any financial benefits are significant. Remember to compare the complete interest obligations, not just the monthly installments.

25 Aug 2026 6:30 am