Well, I have taken a new loan to pay off old loan. Based on my personal experience, it is generally acceptable to refinance a high-interest loan with a lower-interest loan, for example, I was paying 11 percent interest and then I took another loan with 9 percent interest and paid off my high interest loan with low interest loan. I managed to save on my payable interest.
Have you done something like this?
Have you done something like this?
