What is a loan settlement? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is a loan settlement?

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

A document from the bank proving payment of the obligation as described therein.

Request it after final payment or settlement and keep it; it is important in case of a dispute or outdated credit information.

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