When your loan is sanctioned, you are given a discount on your ROI as mentioned in your loan summary. This discount on your interest rate will remain applicable as long as you pay all your dues by the due dates. If you miss any due date, your discounted interest rate will change into the non-discounted interest rate for the remaining tenure of the loan, as mentioned in the T&C of your Loan Summary.
What is discounted and non-discounted interest rate? Print
Created by: Deepak Abbot
Modified on: Thu, 5 Jan, 2023 at 7:29 PM
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