DelhiDesk The article discusses important things to consider when taking a personal loan. It highlights additional charges such as loan processing fees, verification fees, EMI default penalties, GST taxes, and prepayment/foreclosure penalties that borrowers may have to pay. The article emphasizes the importance of repaying the loan on time to avoid additional charges.
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Here is the news bullets sorted by DelhiBreakings.com team.
👉 Personal loan is a good way to handle urgent financial needs.
👉 It is important to know about loan processing charges, which are often non-refundable.
👉 Verification charges are applied to check the borrower’s creditworthiness and history.
👉 EMI defaults can result in penalties, so timely repayment is important.
👉 GST tax may be charged for additional services during loan approval or repayment.
👉 Prepayment or foreclosure penalty may be charged if the borrower decides to pay off the loan early.
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