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Repayment
In general repayment period is of 3 -4 years, however depending on the nature of the deal the tenure can vary from 6 - 60 months.
Normally the repayment is done via PDC's / Non PDC’s or Auto Debit( In case of ICICI Bank account holder).
Cheque bouncing charges would be as applicable.
The repayment schedule & the amortization schedule would be sent on disbursement of the loan.
Foreclosure of the loan is allowed at a charge of 4 % on the principal outstanding.
In the event of an accident, our local representative needs to be informed of the same.
