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Loan Early Settlement
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<blockquote data-quote="siyalude" data-source="post: 24329166" data-attributes="member: 231093"><p><strong>Machan</strong></p><p></p><p>I hope you are a businessmen i think thats why they have given you 10M loan. Or even if you not a business men.</p><p></p><p>They don't like get the customer to early settle. It affects there performances(bank and branch manager, and loan issuing officer, loan coordinator who processed your loan) and forecasts. I meant banks. </p><p></p><p>What you could do best is invest half of the money you have in your hand in a Fixed deposit for 7 years and Start a business from the half. </p><p></p><p>There are lot of business opportunities there if you have money and you wise to spend that.</p><p></p><p>Following is my personal scenario i have 3mil loan in HNB to be paid in 5years and for early settlements there condition is i can settle any amount from my capital in first year they gona charge 4%. After that 2%. The 6% goverment tax is a lie. i guess.</p></blockquote><p></p>
[QUOTE="siyalude, post: 24329166, member: 231093"] [b]Machan[/b] I hope you are a businessmen i think thats why they have given you 10M loan. Or even if you not a business men. They don't like get the customer to early settle. It affects there performances(bank and branch manager, and loan issuing officer, loan coordinator who processed your loan) and forecasts. I meant banks. What you could do best is invest half of the money you have in your hand in a Fixed deposit for 7 years and Start a business from the half. There are lot of business opportunities there if you have money and you wise to spend that. Following is my personal scenario i have 3mil loan in HNB to be paid in 5years and for early settlements there condition is i can settle any amount from my capital in first year they gona charge 4%. After that 2%. The 6% goverment tax is a lie. i guess. [/QUOTE]
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