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What is the process of repayment of loan?

April 26, 2017loan process repayment

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What is the process of repayment of loan?

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At the time of applying for the loan, banks ask you to submit all the post dated cheques (PDC). The numbers of cheques leaves depend upon the tenure you opt. There is an option of prepayment after completing the lock-in-period of 6 months where you only have to pay the outstanding principal. However the option of part payment is not available.