Yes, interest will be charged at the contractual interest rate on outstanding amount.
Are you thinking of financing a car? Many of us require some form of financing to purchase a vehicle, but have you ever wondered if a car loan can help build your credit? The short answer is yes, but ...
April 17, 2024
Introduction Ever thought what is hypothecation and why it is essential for securing a loan? Hypothecation refers to the practice of pledging an asset as collateral for a loan without transferring own...
July 4, 2024
Introduction Are you aware that your credit score can impact not only your financial life but also your job prospects? Many employers, especially in the banking and finance sectors, conduct credit sco...
May 23, 2024