🌟 [ 21 ]   Lock-In Period of Loan in Banks and NBFCs [ @अपना मैनेजर ]

Lock-In Period of Loan in Banks and NBFCs A lock-in period is the time frame during which a borrower must adhere to the terms and conditions of a financial product or agreement. Lock-in periods can vary in length from a few months to several years, and are predetermined and agreed upon at the start. For example, a lock-in period on a mortgage loan is the time frame during which the interest rate won t change between the offer and closing, as long as the borrower closes within the specified time frame and there are no changes to their application. Murari Garg #loan #lockin #lockinperiod #initiallockin

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🌈 🔎 LockInPeriodofLoaninBanksandNBFCs 🌈