A loan agreement is a binding document, so it is worth reading carefully before you sign.
Key Points
- The total amount you will repay, not just the monthly installment.
- The loan tenor and the due date of each installment.
- Any fees, such as administration or early repayment charges.
- The consequences of late payment.
Do not hesitate to ask the officer to explain anything unclear.
Note: this article is dummy demo content and is not professional advice.
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