Pre closure fee

gulshan patiyal (Querist) 13 August 2012 This query is : Resolved
is pre closure fee on personal loan is applicable ,, as bank is asking for 4% of pre closure fee on loan amount

Follow Query

Report Abuse

RAJU O.F., (Expert) 14 August 2012
It depends upon the clauses/conditions mentioned in the agreement executed by you while availing of the loan. If you had agreed to pay 4% pre-closure fee you are liable to pay the same.

Trivedi Advocate (Expert) 14 August 2012
yes I do agree with raju sir, first of all you refer the terms and conditions of executed agreement if there is any clause related to pre-closure fee, you can check if it is 4% than you will be liable to pay the same, if it is different you can talk to the bank for the same for that you will pay only the ?% what you had executed.

Regards,

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Court fee for arbitration suit under section 36 of arbitration and conciliation act 1996
Court fee refund
Pre closure charges levied by bank
Court fee on revision petition in ncdrc
School fee maximum limit
Deduction of interest on premature closure of fd due to death
Demat account closure vs saving account closure of deceased
Collection of service fee in karnataka for estamping
Pre closure charges for cash credit account
Absolate court fee stamps