Legal Question in Banking Law in
whether EMI starts on the entire loan amount immediately after sanction of the 1st loan installment ? Whether second part of the loan instalment can be declined by the loanee before its release?
Asked on 2/21/11, 5:56 am
1 Answer from Attorneys
Professor SOMNATH MUKHERJEE
MUKHERJEE ASSOCIATES(Cell +91 9874753359/ 9477781578)
it is depend upon the terms of the loan
Answered on 2/21/11, 6:50 am
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