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 team.

๐Ÿ‘‰ Personal loan is a good way to handle urgent financial needs.
๐Ÿ‘‰ It is important to know about loan processing charges, which are often non-refundable.
๐Ÿ‘‰ Verification charges are applied to check the borrower’s creditworthiness and history.
๐Ÿ‘‰ EMI defaults can result in penalties, so timely repayment is important.
๐Ÿ‘‰ GST tax may be charged for additional services during loan approval or repayment.
๐Ÿ‘‰ Prepayment or foreclosure penalty may be charged if the borrower decides to pay off the loan early.

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