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Domain Summit Asia 2026

How is the repayment done?

  • Thread starter Thread starter briensmith
  • Start date Start date
B

briensmith

Guest
Repayment of a personal loan is done by issuing post-dated cheques for the entire tenure of the contract. The amount of the post-dated cheque would be the EMI i.e. equated monthly installment. Some lenders also permit repayment option by way of standing instructions to your bank account or deduction at source from your salary every month.
 
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