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Sep 28, 2017 - 34 minute read

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Axis bank personal loan bank bazaar

"Congratulations. Tremont Lending has been selected as your lender and you have been pre-approved for a loan up to 750. " If I wanted to borrow 750 for a week, I would have had to pay 225 in interest.

The site said that was an annual percentage rate of more than 1,300 percent. I did not agree to take the loan. But within minutes, my phone rang (I had entered my real phone number).

Axis bank personal loan bank bazaar

As an example, if your 100 loan is 15 days past due, you may be assessed a charge that is equal to 10 of the principle balance as well as a 25 nonsufficient funds fee. Many of the lenders in our network stick with in-house debt collection practices rather than selling your debt to an outside collection agency, and they will never sue you or threaten criminal charges against you.

Your lender may attempt to collect your debt via email, postal mail, telephone, or text message, and they may offer you a settlement so that you can repay your debt over time.

All of our lenders are required to adhere to the Fair Debt Collection Practices Act which protects you from harassment. You can contact your lender for more information about its specific policies. Impact on Credit Axis bank personal loan bank bazaar. Lenders are within their rights to file reports with the three major credit bureausвЂExperian, Equifax and TransunionвЂif you fail to repay your loan.

Axis bank personal loan bank bazaar
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