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Penal interest

If the installments are not received as per the repayment terms, by the end of the month, the borrower will be charged interest on the installments delayed which is called as penal interest.

News On Penal interest
CCI to demand 1.5% penal interest for delay in fines

12-08-2014| Source:PTI

Looking to recover thousands of crores worth penalties imposed on erring entities, fair trade watchdog CCI will now specifically demand a penal interest amount applicable to delayed fines in its

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