What charges and penalties you may have to pay on your loan?

Summary- The borrowers pay different kind of charges and incurs penalties on his unsecured loans. Arrangement fees and early redemption charges are some of them. Apart from the APR, there are other charges as well that a borrower has to pay on loans. Adding all this will tell you the true cost of the loan. The charges and penalties who may have to pay are mentioned in the “small print” of the loan. It is also known as the loan contract. To avoid, confusions and misunderstandings the borrower must discuss everything beforehand stated in the loan contract. Cited below are the loan penalties and charges that you may have to pay on your secured and unsecured loans. Arrangement fees- Charges levied at th View the rest of this article