Hero Fincorp22 Sep, 2020Finance
Never default in EMIs for your loan against property as you could lose your property to the lender. A lender has a right to auction the property in order to recover outstanding dues. Hence, if you do not make the EMI payment, you will receive a notice and if you do not clear the dues, the property will be auctioned by the lender. Hence, make a repayment schedule at the time of borrowing and ensure timely payment of dues. It will also help build a strong credit score.
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