I have taken a Personal Loan of amount Rs 4,00,000/-. My EMI amount is 9,101/- for 5 years. Almost 14 out of 60 EMI’s are already paid. Now, I have planned to clear the loan by repaying the balance amount. Therefore, i called up Customer Care (HDFC Bank) and requested to let me know the balance amount to be paid for clearing the Loan. Customer care has mentioned that i need to pay pre-payment closure charges of 4% other than my balance pending amount.
But, I had heard in news/seen in newspapers that RBI has informed all Banks not to levy Pre-payment closure charges on customer for clearing the availed Loans. Please guide me whether it is true that we need to pay Pre-Payment Closure charges of 4% for clearing the Personal Loan. Awaiting for the prompt reply, which will be very helpful for me.
#111, Dwarka Sector 4 New Delhi 110075
126.96.36.199 / 14/05/2015 / 11:59 am