Refinance – To pay back an current loan with whatever proceeds happen to be experienced through the new loan as a way to love a lower curiosity level.

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E-Signature – Typically called an electronic signature this demands a software program which binds your signature or Various other mark to the doc. The E-indication Invoice was passed by the government in June 2000 which legalizes this signature.

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Secured loan – This is a loan exactly where the borrower will pledge his asset like a automobile or household that will be sold if He's not able to pay again the loan.

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