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Can there be a gap between completion of repayment of principal and stating of the repayment of interest as some time is required for calculation of interest?

April 26, 2017calculation completion gap Principal repayment stating time

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Can there be a gap between completion of repayment of principal and stating of the repayment of interest as some time is required for calculation of interest?

1 Answer

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10 Posted

No. Immediately on the completion of principal, the interest repayment must be started otherwise penal interest will have to be paid for delayed payment of interest.