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What are the ways to repay Commercial vehicle loan?

Repaying a Commercial Vehicle Loan is straightforward. Most financial institutions offer multiple repayment options, including:

  • EMI (Equated Monthly Instalments): A fixed monthly payment that includes both principal and interest.
  • Direct debit: Automatically deducts the EMI from your business account.
  • Post-dated cheques: You can provide post-dated cheques for monthly payments.

Make sure to choose a repayment plan that aligns with your cash flow to avoid late payments.