alexa
Indianmoney.com Missed Call Number

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
 
Home Education What is prepayment penalty of a personal loan?

For more knowledge from around the globe get Indianmoney App Now

Google Play
 
What is prepayment penalty of a personal loan?

What is prepayment penalty of a personal loan?

Tuesday, March 7, 2017, 4:18 PM

Most banks charge a prepayment penalty, if you prepay the loan before the due date. Prepayment penalties vary from bank to bank. It can be a flat fee or can be calculated on the basis of remaining interest due. There is a minimum lock-in period for the personal loan. You won’t be able to prepay your loan amount, during this period.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Get It now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.