Prepayment is the early repayment of a loan by a borrower, in part or in full.The satisfaction of a debt or installment payment before its official due date. A prepayment can be for the entire balance or for any upcoming payment that is paid in advance of the date for which the borrower is contractually obligated to pay it.
The borrowers shall be entitled for prepayment only after the expiry of a period of 6 (Six) months from the effective date of disbursement. The charges have been waived for the same.
We request you to follow the below steps to prepayment your Loan :-
Your mailing address will be updated within 15 working days after receipt of request.
For any other queries or to know the status of your request, write to us with the details mentioned below.