HDFC PERSONAL LOAN QUERY

[Bob78900]

My father took a personal loan of 4.5 lac few years back. Till now he paid somewhere about 30 emi's. Now he have extra money and want to do some pre payment but it's not possible to make part payment in this loan idk why.
Is there any way to make part payment or any other way to reduce tenure or emi.
Basically he wants to do part payment.
And if he decides to make full payment is there any discount he could get from bank end .

 

[Zacobite]

My father took a personal loan of 4.5 lac few years back. Till now he paid somewhere about 30 emi's. Now he have extra money and want to do some pre payment but it's not possible to make part payment in this loan idk why.
Is there any way to make part payment or any other way to reduce tenure or emi.
Basically he wants to do part payment.
And if he decides to make full payment is there any discount he could get from bank end .

no part payment is. allowed in PLs.. anyways emis are in advance stages.. put the money somewhere.. many banks will charge you for foreclosure let alone give you a discount.. pls spk to bank.

 

[ayushagarwal198]

You Can Forclosure the pl they take only capital that left in loan account and you save the interest amount what is left to pay