Problem Solved

My wife, Rekha Pradeep Pathak, has opted for a personal loan of Rs450,000 from ICICI Bank. I am a co-borrower for this loan. ICICI Bank levied Rs10,113 as processing charges and CFOC (credit facility origination charges) of Rs6,750. CFOC has been made payable from the first EMI.

The personal loan should carry an interest of 19.5% (conversion period not shown), as stated in the credit...

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