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Early closure fee charged on loans drawn down from SSP bank prior to 1 January 1994
Premature repayment of a loan is subject to fees and charges as stated in the loan terms. If the bank is entitled to fees and charges but the amount of fees and charges is not specified in the loan agreement, the fee is 1% of the amount of premature repayment. In addition, the costs arising from the dissolution of refinancing will be charged.
