Discussion Forum : Nabard & Other Bank Examinations
Question -
Which of the following are the ways to repay the personal loan?
Answer: Option D
THE LOAN CAN BE REPAID IN THE FORM OF EQUATED MONTHLY INSTALLMENT (EMI) VIA POST-DATED CHEQUES DRAWN IN FAVOUR OF THE BANK OR BY RELEASING A MANDATE ALLOWING PAYMENT THROUGH THE ELECTRONIC CLEARING SERVICES (ECS) SYSTEM.
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THE LOAN CAN BE REPAID IN THE FORM OF EQUATED MONTHLY INSTALLMENT (EMI) VIA POST-DATED CHEQUES DRAWN IN FAVOUR OF THE BANK OR BY RELEASING A MANDATE ALLOWING PAYMENT THROUGH THE ELECTRONIC CLEARING SERVICES (ECS) SYSTEM.
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