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Application Form for Debt Schemes 0032 Rrfinance Com

Application Form for Debt Schemes 0032 Rrfinance Com

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before we understand what debt mutual funds are you need to understand the origin of debt let me take a simple example and help you understand what debt really means assume you aspire to buy an apartment worth one and a half crores you have 40 lakhs in your bank which you can use to pay as down payment you're short of 1.1 crores now one of the most easiest way to fill the deficit is to take a loan let's assume you approach a bank to take this loan let's assume that the bank is willing to offer you this loan at eight and a half percent for a 10-year period the first thing that the bank would do when you approach them for a loan is to check your credit worthiness and also check for your credit score assuming both of them are in place the bank will be happy to give you that loan so roughly this is how the terms of your loan would look now obviously you will take this loan assuming you're okay with the terms now remember from the bank's perspective t

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