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Business Ideas Forum
Funding a business
How to Repay Business Loans Easily
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[QUOTE="Nite, post: 280554, member: 28512"] The thought of repaying a business loan can weigh you down. This is where an extra income will be really helpful. If you have an extra source of income, you can use that to pay off your debt faster. But please note that this method is normally only available for secured business loans, not for the unsecured ones. You have to speak with your lender so that you can understand the terms for part payments. Other method is if you think it is manageable by cutting your expenses or increasing your income, you can talk to your lender to increase the percentage of your EMI a little. Now it will all depend on the type of loan you have taken and its policies. With this method, you will be able to repay your loan quicker. You can take the help of loan EMI calculator in order to plan everything conveniently. [/QUOTE]
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