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)
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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