Penal – financial institutions levy a penal interest on the borrowers who default on interest payment in spite of having the ability to pay.
Rebate – financial institutions may grant a rebate in the interest payment to borrowers who are willing to pay but do not have the ability to pay.
Waiver – financial institutions may also waiver off some part of the interest payment to borrowers who are not in a sound financial position.
Rebate – financial institutions may grant a rebate in the interest payment to borrowers who are willing to pay but do not have the ability to pay.
Waiver – financial institutions may also waiver off some part of the interest payment to borrowers who are not in a sound financial position.