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|8th October 2008, 17:38||#46|
Senior - BHPian
Join Date: Mar 2006
Location: San Antonio, TX
Thanked: 271 Times
I plan to close my SBI loan in December. They said that I need not pay foreclosure charges after expiry of 50% of the loan term which comes up in December. Anyone has experiences preclosing SBI loans? I read Kuttapan's post.
|11th October 2008, 06:14||#47|
Join Date: Oct 2007
Thanks, SLK for your calculation...does seem like a miniscule amount in retrospect doesn't it.........the reason why I am contemplating foreclosure is 1.to be EMI free
2. the new Honda City is tempting me , however I also do know that the Swift vdi has got a two month waiting list.Damn ! why does it rattle so much ?
|12th October 2008, 20:30||#48|
Join Date: Jun 2008
|12th October 2008, 23:36||#49|
Senior - BHPian
Join Date: Feb 2004
Location: DL XX XX XXXX
Thanked: 198 Times
|17th February 2009, 18:34||#50|
Join Date: Nov 2008
Thanked: 57 Times
Hi I currently own a M 800 AC Nov 2006 model.
I took a 100% ON Road funding of Ex-Showroom price in Bangalore, it was 2.15 lacs for a 5 year loan from ICICI Bank thru ECS debiting my salary account directly. No Security Cheques have been given to them neither I have a copy of Loan Agreement.
My First EMI started from 05th Jan, 2007. EMI amount is Rs. 4876/-. Not sure how much interest I am charged. Have paid 26 EMIs till now and the Pre closure charges are 5.6%.
The questions I want to ask are;
1) I plan to upgrade to a bigger car, may be Swift DDIS VDI or Palio SDX or a Bolero SLX (yet to decide on this). I plan to take this car (whichever I buy) on a maximum funding on a 5 year loan mostly from SBI.
2) If I have to do this upgrade in few months from now, pls. suggest what are points which I need to keep in mind and need to follow so that I can plan my purchase accordingly.
PS: Mods, if I have posted this post in a wrong thread, move it to a correct location.
|1st November 2009, 13:07||#51|
Join Date: Feb 2008
Thanked: 0 Times
I am planing to move from Hyderabad to New Delhi. I would like to clarify few thingst
1. Should i foreclose my SBI 3 lac loan runing into 7th month. SBI foreclosure charges =2%.
a) How much time would it take to get final NOC from RTO? I am planing to leave Hyd on 10 Nov'09.
b) I shifted from the address at which my vehicle is registered to a newer address. Can my NOC be sent to my permanent address
What is the procedure for transfer of loan from one location to another--different states? How much time would it take
|2nd May 2010, 18:52||#52|
Join Date: Jul 2009
Thanked: 125 Times
Friends, need help !
I am planning to foreclose my Loan o/s of Rs. 4.8 lacs with HDFC Bank after 13 months of taking the loan.
I have to shell out 5 percent of o/s as prepayment penalty. Is there any way that the Bank will waive this prepayment charges ?
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