Sbi Education loan: Foreclosure charges
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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.
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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https://www.desidime.com/discussions/sbi-education-loan-foreclosure-charges?page=1#post_9935224
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.
https://www.desidime.com/discussions/sbi-education-loan-foreclosure-charges?page=1#post_9935228
What about charges
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https://www.desidime.com/discussions/sbi-education-loan-foreclosure-charges?page=1#post_9935230
Someone please Tag a relavant Sbi pro dimer
https://www.desidime.com/discussions/sbi-education-loan-foreclosure-charges?page=1#post_9935429
I paid all the due amount in 2019 and mailed them to close the loan account. They closed without any charges
https://www.desidime.com/discussions/sbi-education-loan-foreclosure-charges?page=1#post_10041715
There is no penalty for prepayment as per the rules.
Search on Google you will find ans on sbi website
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Only your branch ca tell you what were the terms and conditions. Because all banks have different foreclosure charges.