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4. Prepayment charges on personal loans

4. Prepayment charges on personal loans

Saturday, January 13, 2018, 9:26 PM

You can reduce the loan burden by prepaying your personal loan. But, some lenders charge prepayment charges if you prepay your loan. So, borrowers should be very careful about prepayment charges. One should always opt for the lender who does not levy prepayment charges. You should never pay anything extra while foreclosing your loan.
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