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This interest component can be based on the loan term. Subsequently, for the remaining tenure, both the interest and ccm finance will be included in go here EMI. This works ccm finance like any other loan. You borrow a fixed loan amount, which is then divided into ccm finance monthly payments that consist of both the principal and interest.
If you choose to repay the loan before the end of its term, you will be required to pay a part-prepayment or foreclosure fee.