FAQ
We do not allow full prepayments for a period of 6 months from the date of your first EMI. 30 days foreclosure intimation period is mandatory.
You need to inform us in writing or via email about your request for full prepayment.
Once your intimation period is complete, the foreclosure statement of your loan will be issued to you from our end.
You need to submit this full prepayment cheque at our branch at least 7 working days before your next EMI date.
You can make the foreclosure payment either via DD/cheque/cash, cheque
Once your foreclosure cheque is cleared your loan closure will happen in the our records.
We will send the No Objection Certificate (NOC) and the balance Post Dated Cheque's (if any) to your correspondence address within 15 working days # termination of your loan account.
After 6 months + 1 month intimation period the foreclosure charges applicable would be 7.5% + GST on principal outstanding.
We do not offer a part prepayment facility on your personal loan account at first 6 months After Six Months Competition the foreclosure charges applicable would be 7.5% + GST on principal outstanding.
We do not offer a part prepayment facility on your personal loan account at first 6 months After Six Months Competition the foreclosure charges applicable would be 7.5% + GST on principal outstanding.
Yes, it is possible to change the Installment date.
The dates available are 1st, 5th and 10th .Changing of EMI date will attract rescheduling charges and PDC Swap charges* per instance plus applicable service tax.
You would need to provide a written request mentioning the reason for the EMI date change and send the rescheduling charges to us 7 working days pre / 7 working days # the EMI date.
PDC swap charges* will be applicable Rs. 500/- per instance plus applicable service tax
- You would need to send a written request letter to our customer care department informing the change in correspondence address.
You would need to enclose the photocopy proof of your new address. For example: An electricity bill/passport copy/ration card etc.
Re schedule or postponement of EMI is not possible on your personal loan account.
When will I receive No Objection Certificate?
In case if your loan is foreclosed, NOC will be issued to you 15 working days # termination of the loan in our system (provided there is no penal outstanding).