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gazzgogs | 00:50 Mon 07th Jan 2008 | Personal Finance
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can i cancel a bank loan when just taken out
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Avatar Image CheekyChops
You can but the Bank will probably charge you a penalty for doing so, usually the equivalent of about one months interest.
09:19 Mon 07th Jan 2008
Avatar Image Ethel
Did you sign the forms in the bank or at home?
09:38 Mon 07th Jan 2008
Avatar Image angie1981
if you have signed the forms and the loan has been paid into your account, by rights you should receive cancellation rights which gives you up to 14 days to cancel the loan without any charge. Who did you take the loan out with?
23:41 Mon 07th Jan 2008

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