CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Interest-on-interest is also referred to as compound interest. It is the interest earned when interest payments are reinvested. The golden rule to remember here is that interest on interest is good for investments and savings. However, it’s bad for loans.