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Old 09-30-2014, 03:08 AM   #1
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logbookloax is on a distinguished road

Default Logbook loans

The borrower must preferably have a regular income. Regular income ensures that the borrower is able to pay the logbook loan on time. This does not mean that borrowers who have a fluctuating income, specially the self-employed, are not eligible for logbook loans. The lending policies will matter more when defining the eligibility criteria.

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