Does BNPL affect my ability to take out a loan? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Does BNPL affect my ability to take out a loan?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

It's possible if the obligation is reported or included in your debt assessment.

Key points

  • The point isn't the name BNPL; it's the size of the installments and the regularity of repayments.

  • Before taking out a large loan, calculate all your monthly obligations.

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