Punishment for non payment of personal loan in india

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Punishment for non payment of personal loan in india

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Punishment for non payment of personal loan in india

You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you.

The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.

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Punishment for non payment of personal loan in india