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axisbank preclosure 5


Loan Faqs
Faq

Can I prepay my loan? :

Yes, you can prepay the entire loan outstanding after paying 6 installments of availing the same. The Bank charges a prepayment penalty which varies from 2%-5 % paid at the time of preclosure (returning the money before the stipulated tenure of the loan). Prepayment charges as applicable would be...
Faq

What are the fees and charges payable and when are they payable? :

The bank charges a Processing Fee ranging from 2%-3% of the loan amount when you apply for the loan. The best is to negotiate these charges with the bank. You should also negotiate on the interest rate with the bank. The other charge is the prepayment penalty which varies from 2%-5 % paid at the...


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