Good & Bad Debt
💳 Not all debt is bad... or is it?Test your knowledge and learn to spot the difference like a money pro! 💡💰
Credits: Inspired by an activity from Zero1 Fest by Zerodha (2025).
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1. Vikram pays for a coding bootcamp using a 0% EMI plan, and gets a job within 6 months.
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2. Manisha takes a loan to buy stock market shares on a margin account, hoping the stock value will increase.
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3. Amit takes a high-interest personal loan at 18% to book a foreign vacation and plans to repay the amount over 3 years.
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4. Ajay withdraws cash from his credit card to meet daily expenses and gets charged high interest and cash withdrawal fees.
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5. Rohit takes a car loan for a second-hand vehicle at 10% interest, which he uses for Uber ridesharing to earn extra income.
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6. Sunil uses a credit card to buy the latest iPhone even though his current phone works fine.
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7. Vikas refinances his home loan from 10% to 6.5% interest, reducing his EMI burden and improving his financial stability.
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8. Sneha takes an education loan at 9% interest to pursue a certification course that increases her salary prospects
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9. Rahul takes a business loan at 12% interest to expand his profitable startup, which generates steady income.
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10. Arjun takes a loan at 8% interest to complete his master’s degree, which will help him secure a high-paying job.
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11. Deepa takes a loan against property at 9% interest to invest in a rental property, earning passive income.
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12. Suresh takes a student loan at 7% interest to study abroad in a field with high career demand and expected salary growth.
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13. Priya uses a personal loan at 14% interest to buy an expensive designer handbag.
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14. Preeti buys expensive furniture using a high-interest EMI card and struggles to pay monthly EMIs for 2 years.
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15. Rajesh takes a 5-year car loan at 10% interest for a luxury car, even though he could have bought a budget-friendly car with cash.
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16. Nisha takes a home loan at 7.5% interest to buy a house that appreciates in value over time.
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17. Ananya buys a bike on EMI at 14% interest for daily commute, reducing her monthly transport costs.
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18. Kavya uses BNPL (Buy Now, Pay Later) services to shop for luxury fashion items every month but struggles to clear payments on time.
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19. Karan buys an expensive gaming console on his credit card at 36% annual interest, planning to pay only the minimum due every month.
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20. Meera takes a loan at 8% interest to start an online business selling handmade jewelry, earning regular profits.
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