Credit card interest
Market basicsInterest charged on a revolving credit card balance, typically 3–4% a month.
In plain terms
The most expensive money most Indians ever borrow — 36–48% a year, and paying the minimum takes over eight years to clear.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 1 term
Read the full lesson →