Team-BHP - View Single Post - Loan query

diabloo · 25th August 2008, 23:59

What are the pre-payment terms? If you are closing the loan early, you don't want to pay 6% on outstanding principal, do you?

By bargaining on rate, you might save 50 bucks a month but you will lose 6K per lac when you do pre payment.

25th August 2008, 23:59	#10 (permalink)
diabloo BANNED Join Date: Jun 2007 Location: Bengalooru Posts: 1,400	What are the pre-payment terms? If you are closing the loan early, you don't want to pay 6% on outstanding principal, do you? By bargaining on rate, you might save 50 bucks a month but you will lose 6K per lac when you do pre payment.