No. Only the interest to accrue on the facility as at the intended early repayment or liquidation date is calculated and applied. Meaning, you would only pay the interest accrued as at the intended pay down date
Upon meeting certain pre-conditions, clients are allowed to restructure their repayments to terms suitable to them and the Company. The Company has to be pre-notified of the intention to restructure and the restructure terms agreed to by both parties
A corporate worker with a reputable organization who is of a level not lower than Assistant Manager
No. Before a fresh facility is granted, clients are required to liquidate outstanding obligation on running facilities, if any
No, there are not. You will be informed of all applicable charges when you apply for the loan
A default is recognized when a repayment is left unpaid two days after the due date