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Check with seller Understand Penal Interest and its Monetary Impact West Delhi

Published date: May 14, 2025
  • Location: West Delhi, Delhi, India

Penal interest rate is an additional charge incurred when a borrower violates loan terms, such as failure to pay. It is computed as a percentage of the outstanding amount. The penal rate is typically more than the standard loan rate and varies with the lender's terms.


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