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Before you decide to pre-close it, you need to seek permission from the lender, while in some cases, lenders also charge foreclosure penalty charges, if you pay the loan before the agreed tenure. The bank levies a penalty to compensate for the loss of interest amount.
Address. Dear Sir/Madam, With utmost respect we, and husband/father/mother and wife/daughter (any relationship) respectively run a combined home loan account in your bank under the loan account number . We now want to foreclose on our home loan, and we paid the outstanding loan amount of Rs.
I am enclosing a copy of my Aadhaar Card, a copy of my PAN Card, Loan Sanction Documents, EMI Payment Receipts and a copy of my bank passbook as informed. I request you to kindly do the needful and close my home loan account as early as possible.
Regular personal loan closures : A regular personal loan closure is when the borrower clears all the EMIs. Following the payment of the last EMI, the borrower has to intimate the lender to issue the No Objection Certificate for the closure of the loan and finally the loan closure certificate.
Yes, you can part-pay 25% of the outstanding principal amount and a maximum of two-part payments during a financial year.
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Enter your NetBanking customer ID and password. Choose the Pay via EasyEMI option. Select the tenure as per your convenience and accept the terms and conditions. Enter the one-time password (OTP) received on your registered mobile number.
Can I pay more than my EMI in personal loan? Yes, you can pay more than the EMI amount and it can have several benefits. Heres what you need to know about making extra payments towards your personal loan: Decrease in Principal and Interest: You can reduce the outstanding principal balance of your loan.
How to Make HDFC Loan Payment Online at Paytm? Go to HDFC loan payment page on Paytm. Enter your Loan Account Number. Click on Get Payable Amount Check the payable amount and choose the payment method of your preference Proceed to make the payment. You are done with it.
Dear Sir/Maam, I am Sudharshana Karthik, and I have a personal loan in my account in your bank. I am writing this letter to request you to close my personal loan account with the number 1526xx4656. I have paid all my EMIs, and the loan tenure is complete.
The part payment amount can be a maximum of 25% of the principal outstanding. And, you can make part payment once in a financial year and twice during the loan tenure. You can use the HDFC personal loan calculator to estimate the benefit of pre or part payment.

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