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Charging Fees For Late Repayment
Some debtors have the ability to repay on time but continue to defer. Is the bank permitted to charge them a fee?
It is not lawful to charge anything above the due amount for a delay in repayment regardless of whether the delay is intentional or not. Instead the bank should seek legal recourse against the debtor and at the time of entering into the transaction should include a charity clause entitling the payment of penalties to a designated charity.

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