[Resolved]  HDFC Bank Personal Loan — loan pre closure

Address:

Ahmedabad, Gujarat

Dear sir,
May I know why should a bank takes a precloser charges of personnal loan
I am taking some money as a loan.I am paying it back to the bank as promised loan amount.
If I am paying upfront it is better that the bank got it's amount earlier and out from liabilities
When ever person is taking a personnal he is already screwed up so he is taking this last option of personnal loan
When his finance is stabilized and he want to come out of all the debpts bank won't let them come out this scraping high intrested personnal
I strongly believe that it is place we are still lacking and saying it's ok 4% or 5% pre closer charges
I just worked out it comes to half of your last installments pending means if I have 21 installments pending if I close the loan it comes to 10 installments
this is how even we come out of financial crisis but banks won't let us come out of the financial crisis
great No.1 banks
thanks to the RBI's overlooking these individual policies made by the banks
Pradeep Reddy,Ahmedabad