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A personal loan is typically paid back through fixed monthly installments over a predetermined term, which can range from a few months to several years. These payments include both principal and interest, with the interest rate being agreed upon at the loan's outset. Borrowers can make additional payments or pay off the loan early, depending on the lender's policies. It's important to keep track of payment due dates to avoid late fees and potential damage to credit scores.

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3d ago

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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.


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.


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.


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.


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.


Can I claim the interest paid on a personal loan as a deduction on my taxes?

Yes, you may be able to claim the interest paid on a personal loan as a deduction on your taxes if the loan was used for qualifying expenses such as education, business, or investment purposes. It is important to consult with a tax professional or refer to the IRS guidelines for specific eligibility criteria.