Tuesday, September 22, 2015

UNDERSTAND THE FINE PRINTs of Loan documents

 

Loan documents don't make for light reading. Paragraph after paragraph of legalese printed in a small font can be a put off. Yet, read the terms and conditions carefully to avoid unpleasant surprises. Some lenders are notorious for slipping in clauses that are loaded against the borrower. If you are unable to understand the legalese, get a financial advisor or chartered accountant to take a look at the agreement before you sign it.

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