One of the most common questions a Customer raises is that ” Please let me know of any hidden charges after taking a loan” However there is nothing like a hidden charge. All charges will be explained clearly to customer before accepting the proposal. But at times, some sales guys tend to not do this fearing losing a customer lest they do not know that they will not only lose all future business from the customer but also lose out on referrals from that customer.
Please find all charges that will be levied in case of a business loan
Different banks charge a prepayment penalty for pre-closure. Most banks insist on a minimum 6 months of EMI Repayment before one can opt for pre-closure. Post which charges ranging from 2-6% can be levied on the outstanding principal amount.
We just sent you an email. Please click the link in the email to confirm your subscription!