Throughout the blog post-old cheque means, our home loan consumer produces article-old cheques and you will hands it out over the financial institution

Throughout the blog post-old cheque means, our home loan consumer produces article-old cheques and you will hands it out over the financial institution

For each cheque try old to possess encashment having a certain day. Financial institutions dollars the fresh new cheques so they get the EMI percentage timely. It is important to make sure the lending company membership of and that money will be debited to fund mortgage EMI have to have sufficient money to own debit to happen. Continue reading « Throughout the blog post-old cheque means, our home loan consumer produces article-old cheques and you will hands it out over the financial institution »