Question

A borrower is offered two loan options: • Loan A: ₹50 lakh @ 9.5% with 1.5% upfront fee • Loan B: ₹50 lakh @ 10% with no fee Which is cheaper assuming 1-year duration?

A Loan A
B Loan B
C Both equal
D Depends on repayment frequency
E Loan A if tax deducted
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