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Acknowledgement & Acceptance
a. I understand that this principal-deferment-scheme will expire after 31 December 2020, and my account will automatically revert to monthly instalment repayment with the outstanding amount reamortised over the remaining loan period.
b. During the Principal Deferment Period, the borrower will pay the interest on the loan account on the due date. Late fee and charges apply should payment be made after the due date.