answersLogoWhite

0

How is a personal loan paid back?

Updated: 9/24/2023
User Avatar

Wiki User

9y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How is a personal loan paid back?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What will happen if you become a defaulter of a personal loan in India?

The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back if you have any other query related to personal loans then visit creditnation.in/Personal-Loan


What happens if a person in India can not pay the personal loan and leaves the city he stays?

The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back if you have any other query related to personal loans then visit creditnation.in/Personal-Loan


Money borrowed that must be paid back?

A loan.


Is it better to open a new credit card or get a small personal loan?

a small personal loan, as you have set manageable repayments, cant respsnd once paid off (avoids negative equity) and boosts credit rating when paid off a small personal loan, as you have set manageable repayments, cant respsnd once paid off (avoids negative equity) and boosts credit rating when paid off


Can a guarantor get their money back from someone who has defaulted on their loan?

No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.

Related questions

What will happen if you become a defaulter of a personal loan in India?

The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back if you have any other query related to personal loans then visit creditnation.in/Personal-Loan


What happens if a person in India can not pay the personal loan and leaves the city he stays?

The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back if you have any other query related to personal loans then visit creditnation.in/Personal-Loan


What happens if you don't pay your personal loan in India and leave the country?

The financial institution in which you applied the loan will make a follow up on you ensuring that the loan is paid back,possibly even your visa passport will be terminated, if you have any other query related to personal loans then visit creditnation.in/Personal-Loan


Legal Procedure to get back a personal loan in US?

Get back a personal loan. Is it in default? Contact loan company or debt collection agency and start making payments.


How much money has General Motors paid back to the government of the 100 trillion?

The loan was 7.1 billion not 100 trillion. They have paid back all of the loan.


Money borrowed that must be paid back?

A loan.


Is it better to open a new credit card or get a small personal loan?

a small personal loan, as you have set manageable repayments, cant respsnd once paid off (avoids negative equity) and boosts credit rating when paid off a small personal loan, as you have set manageable repayments, cant respsnd once paid off (avoids negative equity) and boosts credit rating when paid off


If your car was repossessed and you paid the loan off do you get the title?

If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.


Can a guarantor get their money back from someone who has defaulted on their loan?

No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.No. All the guarantor does in a transaction is guarantee that the loan will be paid. They don't get any money back. In fact, they are fully responsible for paying the loan if the primary borrower defaults.


How can one have a personal loan from a bank?

To have a personal loan from a bank you need to have a bank that you have an account with and a financial advisor at that bank. You'll meet with them to tell them why you need the loan and how you will pay it back.


How much do you got to pay back for Christmas loan?

It depends on who the money was paid to and how much money was paid.


What's the total on paid in spelling math?

The total on paid is the money that was giving back as a loan. This was used in math.