Business
Avalanche, Snowball Or Blizzard? The Smartest Way To Repay Your Loans
Last Updated:
Borrowers can choose the repayment method that fits them, as managing multiple loans like credit cards, personal, home, or auto, often delays payments and increases interest
Many borrowers seek ways to clear their loans quickly. (Representative/Shutterstock)
Taking a loan for purchasing a home or covering personal expenses has become a necessity for many. The middle class, in particular, often relies on loans for significant projects. Paying EMIs over an extended period can become a burden, prompting many borrowers to seek ways to clear their loans quickly.
Banking expert Ashwini Rana suggests three effective methods for rapid loan repayment: Avalanche, Snowball, and Blizzard. Customers can choose the most suitable method based on their individual circumstances. Many people juggle credit cards, personal, home, and auto loans at the same time, which delays repayments and increases interest costs.
How The Avalanche Method Helps Pay Off Debt Faster
The Avalanche Method involves keeping EMIs low on all loans while using any extra funds to pay off higher-interest loans first. For instance, if credit cards charge up to 36% interest, prioritise paying them off. Next, address personal loans with up to 14% interest, followed by auto loans with 9% or more interest, and finally, allocate funds towards home loans with approximately 8% interest.
How Can You Use The Snowball Method
The Snowball Method focuses on paying off the smallest loans first, regardless of their interest rates. After clearing one smaller loan, use the remaining funds to pay off other small loans. This approach is psychological, as quickly paying off one loan motivates borrowers to eliminate all their debts. Ensure that any money saved from lower EMIs is used solely for loan repayment.
How Does The Blizzard Method Work?
The Blizzard Method combines psychological and financial strategies. Initially, invest in paying off a smaller loan 1-2 times, then shift focus to a higher-interest loan. This approach not only motivates borrowers but also results in financial savings. Additionally, using bonus amounts can help expedite loan repayment.
September 25, 2025, 00:44 IST
Read More
Business
Intellia Therapeutics says its Crispr-based treatment succeeds in pivotal trial
Intellia Therapeutics, building exterior and company sign, Cambridge, Massachusetts, USA.
Spencer Grant | Universal Images Group | Getty Images
Intellia Therapeutics said its Crispr-based treatment for a rare swelling condition met its goals in a late-stage trial, marking a milestone for the field of gene editing and putting the company on track to seek approval from the U.S. Food and Drug Administration.
The company’s treatment uses Nobel Prize-winning technology Crispr to edit DNA and turn off the gene that controls production of a peptide that’s overactive in people with hereditary angioedema, causing them to experience potentially life-threatening swelling attacks. Intellia’s treatment is administered once through an hourslong infusion, making the edits directly in the liver.
Intellia said the one-time treatment reduced attacks by 87% compared with a placebo, meeting the study’s main goal. Six months after treatment, 62% of patients were free from attacks and weren’t using other therapies, Intellia said.
The company described the safety and tolerability of the treatment as “favorable,” reporting the most common side effects were infusion-related reactions, headaches and fatigue. Analysts were closely watching safety in the trial since a patient in a separate trial of a different treatment from Intellia died. That patient developed a liver injury and ultimately died from septic shock following an ulcer, according to the company.
“When you think about where we started with Crispr, just 12 years ago with some of the fundamental insights, I think there was a lot of talk about what might be possible, and we’ve had reports along the way in terms of milestones, but this is the first Phase 3 data in any indication with in vivo Crispr where you’re actually changing a gene that causes disease,” said Intellia CEO John Leonard.
The only FDA-approved Crispr-based medicine comes from Vertex Pharmaceuticals. Called Casgevy, the gene editing is done outside the body, or ex vivo. The process requires collecting a person’s blood cells, making the edits outside the body, then reinfusing them back into a patient. Intellia’s treatment, meanwhile, makes the edits inside the body, or in vivo.
Intellia said it has started a rolling application with the FDA and plans to complete the filing in the second half of this year. The company expects to launch the treatment in the U.S. in the first half of next year, if it’s approved.
If approved, Intellia’s treatment, lonvoguran ziclumeran, will compete with about a dozen other chronic drugs for HAE. Despite the allure of a one-time treatment, genetic medicines haven’t always been a commercial successes. BioMarin withdrew its gene therapy for Hemophilia A because of weak sales, for example.
Leonard said there are important differences between the two, like the fact that BioMarin’s therapy faced questions about how long the effects would last. In contrast, he said Intellia hasn’t seen a single case in almost six years where the effects diminished over time.
Despite the results, he’s reluctant to call Intellia’s treatment a functional cure.
“I think this is a tipping point for the disease and tipping point for Crispr-based in vivo therapy where you can make a change [and] it’s permanent,” Leonard said. “And, as far as we can tell, we don’t have a single patient in this program or other program where there’s been any waning of the effect of what we did to the gene or the effect of what we’ve seen with the clinical aspects of the disease itself. So it’s pretty exciting.”
Clarification: This story has been updated to clarify that a patient in a separate trial of a different treatment from Intellia developed acute liver injury and ultimately died from septic shock following an ulcer.
Business
European flight prices are falling in short-term, Wizz Air boss says
While many airlines say they are raising prices due to high fuel costs, József Váradi says European airlines are trying to boost demand
Source link
Business
Claire’s closes all 154 stores in UK and Ireland with loss of 1,300 jobs
All of the chain’s standalone stores have stopped trading in the UK and Ireland.
Source link
-
Sports1 week agoNCAA men’s gymnastics championship: All-time winners list
-
Sports1 week agoWWE WrestleMania 42 Night 2: Live match results and analysis
-
Politics7 days agoUK’s Starmer seeks to deflect blame over Mandelson appointment
-
Fashion1 week agoUK’s Sosandar returns to profitability amid robust FY26 performance
-
Entertainment1 week agoLee Anderson, Zarah Sultana kicked out of UK Parliament for calling PM ‘liar’
-
Business1 week agoNo fuel shortage: Govt assures 100% domestic LPG, PNG, CNG supply amid Hormuz energy crunch – The Times of India
-
Business1 week agoHow Trump’s psychedelics executive order could unlock stalled cannabis reform
-
Sports1 week agoQuetta Gladiators opt to bowl after winning toss against Peshawar Zalmi in PSL 11 clash
