What happens to the installments if I cancel the card? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What happens to the installments if I cancel the card?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Canceling the card does not eliminate the existing debt.

Steps

  1. Ask the bank to settle your installment status before canceling.

  2. Payments may continue or early repayment may be required, depending on the bank.

Source

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