YONO SBI Personal loan

No preclosure charges, buy you have to pay "EMI amount *no of Months remaining" amount. No reduction in interest or anything else.

KPK740 wrote:

No preclosure charges, buy you have to pay "EMI amount *no of Months remaining" amount. No reduction in interest or anything else.

If i preclose after 12 months then it would result in 13% charges as per what u mentioned. thats hugeeeeeee😳 

Lootster wrote:
If i preclose after 12 months then it would result in 13% charges as per what u mentioned. thats hugeeeeeee😳 

Yes, you have to pay all EMI, very high charges since short duration.

But while applying they give option to select No of Months, at that time you should have taken correct decision.

KPK740 wrote:

Yes, you have to pay all EMI, very high charges since short duration.

But while applying they give option to select No of Months, at that time you should have taken correct decision.

Personal+Loans+-+MITC.pdf (bank.sbi)

as per this doc, NO charges will be levied. 

but generally they charge Maximum of 3% as per my Knowledge.

is emi auto Debit or not..!

Pay Your toatal loan amount except small amoun(if your total outstanding is 97000 then pay 96900) through yono pay next month it automatically Debit remaining 100 and loan will be closed

Siva1Bopparaju wrote:

is emi auto Debit or not..!

Pay Your toatal loan amount except small amoun(if your total outstanding is 97000 then pay 96900) through yono pay next month it automatically Debit remaining 100 and loan will be closed

Wowwwwwwww. SUPER IDEA💯🔥

Siva1Bopparaju wrote:

is emi auto Debit or not..!

Pay Your toatal loan amount except small amoun(if your total outstanding is 97000 then pay 96900) through yono pay next month it automatically Debit remaining 100 and loan will be closed

Are you sure? This worked for you or anyone else?
BECAUSE what happens with SBI personal loan is Every month EMI amount paid will be subtracted from total loan amount but again they will ADD MONTHLY INTEREST every month to the loan amount.
I don't think your trick works.

KPK740 wrote:

Are you sure? This worked for you or anyone else?

Yes I paid my loan like this 1 year ago

Siva1Bopparaju wrote:
Yes I paid my loan like this 1 year ago

Check your sbi account statement properly you might see some amount deducted every month after few months since you paid the bulk amount.
Or
Since one year only happened till now the Bulk amount you paid is going towards EMI, until then you will not see any deduction from your bank account.
Once the amount you paid completed, then you will definitely see EMI deducted from your bank account without any doubt.
HOW MANY MONTHS YOUR EMI TENURE?
.
Simple solution is Open YONO >> LOAN >> TRANSACTION HISTORY.
.
If you still see your loan account and monthly EMI deducted and interest added, then your loan is not closed yet.
.
Please reply genuinely.

KPK740 wrote:
Check your sbi account statement properly you might see some amount deducted every month after few months since you paid the bulk amount.

Im checking my sbi statement regularly from past 2 years to see any unusual deduction still nothing found. It's a leagal process to pay loan amount no charges

Siva1Bopparaju wrote:
Im checking my sbi statement regularly from past 2 years to see any unusual deduction still nothing found. It's a leagal process to pay loan amount no charges

Check in YONO, open your loan account. Every month transaction happening or not, confirm this.
Also when did you took loan, how many months before you paid complete amount.

KPK740 wrote:
Check in YONO, open your loan account. Every month transaction happening or not, confirm this.
Also when did you took loan, how many months before you paid complete amount.

Why are you not accepting it... I said it is normal process if you want to pay  go ahead.... I paid after 14 months of loan and not charged 1 rupee

Siva1Bopparaju wrote:
Why are you not accepting it... I said it is normal process if you want to pay  go ahead.... I paid after 14 months of loan and not charged 1 rupee

This not about you and me. This is about Bank loan process.

What are you saying believe or not?

Anyway I can't debate with you since you are not practical.

@Lootster Simply go to SBI bank in which you took personal loan and ask them what's the process to close loan with least amount of charges. I think it's about 3% + 18% gst.

Don't follow illogical people blindly, otherwise you will pay unnecessary penalty charges in future.

Siva1Bopparaju wrote:
Why are you not accepting it... I said it is normal process if you want to pay  go ahead.... I paid after 14 months of loan and not charged 1 rupee

If possible share Image of that loan transaction (Blurring the personal Info)

so we get a clear view and also confirmation.

KPK740 wrote:

This not about you and me. This is about Bank loan process.

What are you saying believe or not?

Anyway I can't debate with you since you are not practical.

@Lootster Simply go to SBI bank in which you took personal loan and ask them what's the process to close loan with least amount of charges. I think it's about 3% + 18% gst.

Don't follow illogical people blindly, otherwise you will pay unnecessary penalty charges in future.

Check The official Link and pdf of sbi
there is no charges for prepayment or preclosure charges for loans except rentplus
Link Below
Personal Loan Charges

Siva1Bopparaju wrote:

Check The official Link and pdf of sbi
there is no charges for prepayment or preclosure charges for loans except rentplus
Link Below
Personal Loan Charges

But before 12 months closing loan not possible. I'm doing research and gathering correct information. I will update 100% correct information as soon as possible.
But you didn't reply whether "Loan account still showing in your YONO/Net banking??" and
Monthly transactions going in Loan account or not?
Also you TOOK NOC from bank or not?
Please answer above three questions genuinely, I'm not asking any personal information, so you can answer all questions.

KPK740 wrote:
But before 12 months closing loan not possible. I'm doing research and gathering correct information. I will update 100% correct information as soon as possible.
But you didn't reply whether "Loan account still showing in your YONO/Net banking??" and
Monthly transactions going in Loan account or not?
Also you TOOK NOC from bank or not?
Please answer above three questions genuinely, I'm not asking any personal information, so you can answer all questions.

Not Showing Any Loan in my account
Not deducting Any amount from account
and NOC Not taken from bank

Siva1Bopparaju wrote:
Not Showing Any Loan in my account
Not deducting Any amount from account
and NOC Not taken from bank

Just now I talked with YONO customer care, they confirmed PAPL can be closed only by visiting branch and around 3% charges on remaining principal amount. No option available in YONO app and any kind of tricks won't work. You are just saying without any proper proof, LOANS are not credit cards to apply Tricks.
If I get any information I will update, until then I will not reply or until you provide proper proof.
I will not reply for Words, I will reply only for proof from now on.
Also without NOC loan is not confirmed closed.  

KPK740 wrote:
Just now I talked with YONO customer care, they confirmed PAPL can be closed only by visiting branch and around 3% charges on remaining principal amount. No option available in YONO app and any kind of tricks won't work. You are just saying without any proper proof, LOANS are not credit cards to apply Tricks.
If I get any information I will update, until then I will not reply or until you provide proper proof.
I will not reply for Words, I will reply only for proof from now on.
Also without NOC loan is not confirmed closed.  

Thanks for reaching out to Customercare for confirmation.