Sbi Education loan: Foreclosure charges

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Hunk
am_Batman
I have a education loan in sbi account.

I have a monthly emi of 9k for 3 years as of now but I want to pay in next 5-6 months in larger installments.

Any additional charges that I will need to give and what is the closing process when balance becomes 0.
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Deal Subedar Deal Subedar
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Only your branch ca tell you what were the terms and conditions. Because all banks have different foreclosure charges. 

Deal Subedar Deal Subedar
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Closing process 

Pay whole amount

Take statement from bank. 

Get NOC from bank 

And also get letter that tells you have paid your loan with stamp and signature.

Hunk Hunk
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What about charges

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Hunk Hunk
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Someone please Tag a relavant Sbi pro dimer

Deal Cadet Deal Cadet
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I paid all the due amount in 2019 and mailed them to close the loan account. They closed without any charges

Blaze Blaze
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There is no penalty for prepayment as per the rules.

Search on Google you will find ans on sbi website

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