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Personal Finance

Is loan default the end of the road for borrowers?

Updated : November 01, 2018 06:31 AM IST

If the borrower is unable to pay up the EMIs for 90 days, he gets termed as a defaulter.
The default would lead to cease access to credit and one may think that it is the end of the road.
Is loan default the end of the road for borrowers?

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