Q. How does one repay his Personal Loan?
One can repay the Personal loan in Equated Monthly Installments (EMI's) through post dated cheques (PDC) or by signing an Electronic clearing system with the account that one hold. Presentation of these cheques is on the first of each month so, please do confirm with the bank on that aspect. If somebody is already having an account with the bank, then he/she can mandate the bank to debit the Installment from your account.
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