What do you do if there are taxes to be paid each month. Also, what happens if a monthly payment is missed?
Md Ariful Islam
বিএসসি(সিএসই)
,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
এমবিবিএস(আরপিএমসি)
,
পিজিটি(মেডিসিন)
If there are taxes to be paid each month, this will be added to the amount of the calculated loan payment. There will not be interest charged on the tax amount. If a monthly payment is missed, there will likely be a late fee charged which should be included in your next payment. You will need to either make a double payment the next month to keep on the loan schedule, or your loan will be extended one month past the ending date.
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