If a loan issued on 20.01.2020 with a 1-year due date i.e., on 20.01.2021, after completion of 20th jan 2021 on 21st of jan 2021 it becomes overdue is it correct. Please correct me if I'm wrong.
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DIFFERENCE BETWEEN DUE DATE AND OVERDUE DATE OF A LOAN
Replies (5)
Quick Summary
Yes it becomes overdue
Yes, after due date if payment is not made then such loan account will be treated as overdue
Thanks for reply sir.
| Originally posted by : Sourav | ||
 |
Yes, after due date if payment is not made then such loan account will be treated as overdue |  |
That means due date and overdue date are not same both are different. Is it correct sir.?
Yes, both are not same
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