Skip to content
active

How do I repay the financing for toll expenses?

Repaying Toll Finance is a straightforward process. Typically, you will repay the loan in Equated Monthly Instalments (EMIs). Here’s how it works:

  • EMI Structure: Each EMI includes both principal and interest, spread out over the agreed loan tenure. The financial institution will provide a detailed repayment schedule.
  • Repayment Mode: Most financial institutions offer an auto-debit facility, where EMIs are automatically deducted from your business account on a set date each month.
  • Flexible Tenures: You can choose a repayment tenure that suits your cash flow, usually between 12 to 36 months, depending on the loan amount and financial institution terms.

Make sure to set up reminders or automatic payments to avoid missing EMI deadlines, as late fees or penalties may apply for delayed payments.