Hi, I have taken education loan of 3 lakhs from bank for the period 2009 - 2013. form which I have paid monthly 10K so total I paid till date is 280000 and now remening amount is 275000, so they charge me 2300 interest on each month,.
but now the situation is I can pay one time all remaing amount.
should I pay the one time? will it affect to my CBIL score? will this affect for lone which I will take in future? or should I keep paying per month rather than one time settlement?
If you have the capability to pay the remaining amount in one shot, then nothing better than that. Once you pay the total outstanding amount, your CIBIL score will shine !!!! Plus by prepaying the loan you will save interest amount