When do you have to pay back loans after getting the loan?
I want to get a 1000 loan. My question is when do the first payments to pay the loan back typically start. Lets say I take out a loan on January 1. When should I expect to start paying back the loan. -Will it be February or is there a small waiting or cushion period between getting the loan and paying it back. Any relevant or extra information is very welcome but I'd prefer serious answers thanks!
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Answer by R
1st of February normally but some bank have a particular date but it is always a month or less
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