You get a preferential rate of interest and processing fee, speedy processing and minimal documentation if you have a Salary Account with Bank. This is taken into account at the time of disbursal of the loan. You can pay through a Standing Instruction to debit your Bank account with the EMI amount
The choice of repayment term will immediately affect your monthly repayment amount. You should balance the loan repayment term and the monthly repayment amount you can afford in order to ensure there will be enough money left for your daily living. A longer repayment term will help lower your monthly repayment amount, but the total interest paid will be higher. You should carefully determine your loan repayment term according to your financial capabilities.
Before we process a foreclosure, all outstanding dues must be cleared. So we request you to first check for and clear any remaining amount that may be payable towards your Personal Loan by requesting a foreclosure statement. Once all outstanding dues have been cleared, please submit a foreclosure request at the Loan Center.