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This is solely up to you and depends on how much you can afford each month. You can choose from 1-7 year options. Ensure the repayment plan suits you before agreeing to the loan. |
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Maximum loan tenure for used car would depend on the age of the car. |
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You may change the tenure of the loan before the loan is disbursed. The interest rate & EMI would change accordingly. |
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The repayment due dates depend on the date of disbursement. Payment due dates cannot be changed. |
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You can make the Payments through post-dated cheques (PDCs). Repayment option through Direct Debit Mandates is also available. |
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Pre-payment of the loan is also accepted with an additional penalty charge. |
