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#1
28th May 2018, 01:08 PM
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Prepayment fine under Education Loan scheme of HDFC Bank?
Hello everyone, I am searching for an education loan scheme. After searching I thought that applying an education loan from HDFC Bank is fine for me as I have an account in this bank. But I am unable to understand the prepayment fine. Can I know about this particular term?
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#2
29th May 2018, 08:54 AM
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Re: Prepayment fine under Education Loan scheme of HDFC Bank?
Details of prepayment charges under education loan scheme of HDFC Bank are mentioned below :-
--> Up to 4% of outstanding balance prepaid in case of loan foreclosure or part-prepayment during the moratorium period. --> No charges will be applied if loan is part prepaid or foreclosed post moratorium period. |
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#3
30th May 2018, 10:31 PM
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Re: Prepayment fine under Education Loan scheme of HDFC Bank?
Prepayment fine details under Education Loan Scheme of HDFC Bank are detailed below :-
1. Upto 4% of the Outstanding Balance prepaid, if loan is foreclosed/ part perpaid during Moratorium (along with and in addition to due/accrued interest, if any, and other amounts due and/or payable by the Borrower to the Bank). 2. No prepayment fine/ charges will be charged if loan is foreclosed / part prepaid any time after expiry of the Moratorium. |
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