Rules To Keep In Mind While Applying For Loan - PowerPoint PPT Presentation

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Rules To Keep In Mind While Applying For Loan

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  1. Rules To Keep In Mind While Applying For Loan Being a credit union member allows you to avail a number of facilities. They provide loans at low interest rates along with flexible repayment options. So when it comes to taking a loan, a credit union is your best bet. Here we have listed certain things that you should keep in mind while applying for a loan. RULE 1 Try to minimize the tenure period of your loan as the longer the time, more the amount of money you’ll have to shell out as interest. RULE 2 Always repay the dues on time as missing it can significantly impact your credit score. RULE 3 Read the loan documents completely or else- wise you might get some acrid surprises in future. RULE 4 Know your repaying capacity. Consider your earnings as well as income sources and then borrow accordingly.  www.gctfcu.net Greater Central Texas Federal Credit Union 3305 E. Elms Rd., Killeen, TX  76542 Phone: (254) 690 - 2274