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Sep 28, 2017 - 34 minute read

Eastern bank limited personal loan

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Eastern bank limited personal loan

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Eastern bank limited personal loan

Along with interest of 259 or more, these loans also include fees of up to 25, which are due with your last payment. If you cant make this payment, you can renew the loan, just like a payday loan. In fact, the vast majority of these loans are renewals. Pew reports that a typical title loan is renewed eight times before the borrower can pay it off. So just like payday loans, auto title loans trap their users in a cycle of debt. However, if you cant afford to pay eastern bank limited personal loan loan or renew it, the lender seizes your car.

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