It will take minimum 1 Week, for approval, then you have to sign the contract, then amount will be credited to your account. There is nothing like as Jijane said. May be his friends not aware what is in the contract.when you are going to sign the contract, everything is clear that what is the processing fees, insurance fees, Monthly installments, Tenure of repayment periods etc. Everything is clear in ur contract. Just read and sign if you accept. No bank will lend money for free. They will take interests and some charges as i mentioned above. I really surprised that Jijane's friend looking for some money from bank at free of cost and he want to pay back less than what he got from bank. His comment is baseless and he dont have any personal experience with loans. His comment is based on what his friends say. Good Luck...
It will take minimum 1 Week, for approval, then you have to sign the contract, then amount will be credited to your account. There is nothing like as Jijane said. May be his friends not aware what is in the contract.when you are going to sign the contract, everything is clear that what is the processing fees, insurance fees, Monthly installments, Tenure of repayment periods etc. Everything is clear in ur contract. Just read and sign if you accept. No bank will lend money for free. They will take interests and some charges as i mentioned above. I really surprised that Jijane's friend looking for some money from bank at free of cost and he want to pay back less than what he got from bank. His comment is baseless and he dont have any personal experience with loans. His comment is based on what his friends say. Good Luck...