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Ref.No. Date:The Chief Executive Officer AUDRA Ltd. Mumbai Dear Sir, Refinance Scheme for lending to micro/small business entities engaged in manufacturing, trading and services activitiesApplication
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Refinance scheme for lending is a program where borrowers replace their current debt obligation with a new one that has different terms.
Lenders or financial institutions are required to file refinance scheme for lending.
To fill out refinance scheme for lending, lenders need to provide details of the existing loan, terms of the new loan, and reasons for refinancing.
The purpose of refinance scheme for lending is to help borrowers save money on interest, reduce monthly payments, or access equity in their home.
Lenders must report details of the existing loan, terms of the new loan, reasons for refinancing, and any fees associated with the refinance.
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