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Bullet is where payment of entire principal and interest is made at the end of the loan term.
Borrower pays only simple interest on the principal amount. At the end of tenure, the borrower pays principal and closes loan.
A fixed payment amount made by borrower at a specified date each calendar month used to pay off both interest & principal monthly.
All rates and amounts displayed are estimated and it may vary with respective bank.
Loan provided at the discretion of the Bank
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