Am I able to pre-pay my Personal Bank Loan?
Yes. It is possible to pre-pay your own personal Loan. You have got two choices to create a pre-payment – complete Pre-payment and Partial Pre-payment. You are doing A comprehensive Pre-payment by settling the entire loan outstanding in a solitary single repayment. In the event that you choose to make partial prepayment of the outstanding quantity, it really is a Partial Pre-payment. To create prepayments in complete or component, you’ll want to phone our 24×7 CitiPhone helpline.
Comprehensive Pre-payment of Citibank Personal Bank Loan
For loans scheduled, you are able to shut your loan account in complete; can help you therefore any right time following the very very first a year as your loan scheduling. For loans booked prior, you’ll shut your loan account in complete any time following the very very very first half a year of the loan scheduling.
Partial pre-payments may be made post the initial one year of the loan scheduling. To create payments in complete, you’ll want to phone our 24×7 CitiPhone helpline.
Partial Pre-payment of Citibank Unsecured Loan
You may possibly prepay part of the balance that is outstanding of loan at the mercy of the next conditions:
- You’ve got paid your loan EMIs for at the very least 12 months that are consecutive your loan scheduling date.
- Your prepayment quantity is the same as a the least 2 EMIs and at the most 5 EMIs.
Which will make part pre-payment, you will need to phone our 24×7 CitiPhone helpline. When you inform the lender of the intention to prepay, the lender will think about your demand and verify the last amount you qualify to prepay. After making the pre-payment, you’re going to have to carry on repaying the EMIs that is subsequent per the payment schedule provided by the financial institution. The partial pre-payment facility can be acquired when in one year.
Whenever do i must pay Late Payment Charges?
The date that is due the payment of EMIs will probably be 1 st of each thirty days, following thirty days of Loan disbursement.