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|4th July 2017, 10:46||#166|
Join Date: Nov 2009
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Re: Foreclosing an Auto loan - why the circus?
SBI is the best bank in my experience to take a Car loan if you plan to foreclose the loan in a short period. There is no foreclosure charge and NOC is given the same day, just you must keep required amount in your SBI account. My advice is not to foreclose the loan account if your vehicle resale value is less than the outstanding principal amount.
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