Coming back to repayment of loans, AU bank will lend a helping hand here and lay down step by step process of repaying your loans. Kyonki bharna hai humein karz, hai ye humara farz:
If the loan taken is for a year then you have to repay the loan within that time. Isse aap apna loan time pe pay kar dete hai aur koi penalties charge nahi hoti apse.
Step 2: Know the interest to be paid every time:
Along with monthly installments (EMI) we have to pay interest of a certain percentage. Humein yaha dhyan rakhna chaiye ki hum full amount pay kare. Through this, our payments do not spill over to next months.
Step 3: Calculate EMI and pay on time:
Before taking the loan, we must have calculated EMI that is to be paid back to the lender. Once, we have taken a loan we need to make sure that we have deposited or repaid EMIs and interest within the decided time. Kyonki loan repay karne mein der bhali nahi hai.
Step 4: Opt for any option:
Banks provide various options through which we can repay our loans. Some of them are automatic cut from the savings account
. online payment and many more. Aap apni convenience pe loan repay kar sakte hai. You can now repay your loan from your phone.
Step 5: Enjoy the life loan free:
Once the loan is repaid with great ease by following the above steps, there is no need to worry about anything else.