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- Exempts the borrower from repaymentA loan waive-off exempts the borrower from repayment. In this case, the bank or the financial institution acknowledges that there is no way they can recover the loan given to the borrower. Unlike a loan write-off, this activity relieves the borrower from the obligation of loan repayment.www.tataaia.com/blogs/msme/difference-between-write-off-and-waive-off.html
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