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[Resolved]  HDFC Bank — Partial Closure of Personal Loan

Address:Bangalore, Karnataka

Dear Sir,

I have asked the bank, whether can i partially pay my personal loan?

They have informed me, that as per RBI guidelines we can't accept partial payment against personal loan.
either you need to close completly by paying pre clouser charge or you need to pay instalments entire term of your loan.

My complaint is that, if i want pay my loan partially as and when i have money with me, so that, i can save interest cost as well as i will be lessen my burdon over a period of time.

This is not only my problem it is a problem of all personal loan barrower's. by the way banks are dealing want increase the defalters of personal loan and make more losses.

I hereby request to allow us to pay personal loans partially and help us to reduse burdon.

Thanks and Regards
Anjaneyalu VS
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Aug 13, 2020
Complaint marked as Resolved 
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Comments

I agree with it. Banks should allow to close partial payment to reduce the burden of customers.
Reply
http://www.ingvysyabank.com/scripts/PLfees.aspx

ingvysyabank allows part payment so that means there is no RBI restriction
Reply
Yes Sir..I have the same complaint...I have a huge loan on me and I want to reduce my interest by making partial payments as and when available (apart from paying monthly installments)...but the bank denies...t
Reply
I agree with it. RBI have to change the terms and condition for partial payment. If person have taken a loan when he was working or may have some back amount, when he doen't have work and need to pay the EMI, then he may be frastrated and may make some mistake. So Banks should allow to close partial payment to reduce the burden of customers.
Reply
True...It's high time RBI intervenes and asks all the banks to accept partial payment of personal loans without any additional charges...Hope, people sitting in RBI understand the pain of the common man (consumers)
Reply
Yes Sir..I have the same complaint...I have a huge loan on me and I want to reduce my interest by making partial payments as and when available (apart from paying monthly installments)...but the bank denies...t

Divanshu jay
Reply
I agree with it. Banks should allow to close partial payment to reduce the burden of customers.
Reply
If you had any doubt regarding part payment of personal loan taken from any bank, you can ask RBI is there any restrictions imposed not to allow part payment under RTI Act. Pl
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