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A loan is a long term commitment. What are the things to do so that my loan re-payments are smooth?

April 26, 2017commitment loan smooth term

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A loan is a long term commitment. What are the things to do so that my loan re-payments are smooth?

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• Borrow the amount you need. • Pick the EMI you can comfortably repay. • Pay your EMIs on time to avoid any penalty. • Inform the lender in advance if you have difficulty paying the EMI. • Keep a record of all your loan statements and EMI paid.