| How do I pay my car loan? |
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| Written by Site Administrator |
| Wednesday, 28 October 2009 10:05 |
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The loan amount and the interest on it for the entire tenure of the loan is calculated by your loan service provider. They will then divide it into equated monthly installments (EMIs). You can pay this monthly installment directly from your salary account through electronic clearance (ECS) or through post-dated cheques that you issue to the banks during the disbursement of the car loan.
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