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Early Repayment Definition A fixed sum that is to be paid by the customer to complete the contract. Early repayments are either full repayments of a loan or …
(2) (in CONC) a facility under a credit agreement whereby the borrower is enabled to receive credit (whether in one amount or by instalments) but which is not …
A fixed sum loan offers you a fixed plan of repayments and a fixed rate of interest. The vehicle belongs to you from the beginning of your loan but you can’t …
fixed sum credit … any facility not being a running account facility, whereby the debtor is enabled to receive credit, whether in one amount or in instalments.
fixed-sum credit means a facility under a credit agreement whereby the borrower is enabled to receive credit (whether in one amount or by instalments) but …
Cancelling the credit agreement does not mean you can cancel the vehicle purchase. Instead, you would have to find alternative means to pay for the vehicle. In …