Timeline for Can I take out a loan and pay it back immediately to avoid interest?
Current License: CC BY-SA 4.0
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| Sep 11, 2021 at 0:35 | comment | added | alephzero | Not only "line-of-credit" loans. I once took out a standard unsecured bank loan for about $50,000 (in the days when annual interest was more like 26% than 6%) to buy shares in the IPO of a company I was very familiar with, sold the shares at significant profit on the same day as the issue, and paid off the loan three days after taking it out. No financial penalties involved. | |
| Sep 10, 2021 at 13:59 | history | edited | MonkeyZeus | CC BY-SA 4.0 |
added 2 characters in body
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| Sep 10, 2021 at 13:06 | history | answered | MonkeyZeus | CC BY-SA 4.0 |