loan help .what if I pay before .experts ravali ammaaa

[MagajathiAnimuthyam]

baa i took loan for 30 lakhs in india and I making the  monthly payment of 50000 INR . I cleared 13 lakhs 

Can i pay the complete pending amount now . any pros and cons if we pay before.

Best option where I can benefit

[xxxmen]

nothing yearly interest katalsinde mundu clear chesina

[rokalibanda]

8 minutes ago, MagajathiAnimuthyam said:

baa i took loan for 30 lakhs in india and I making the  monthly payment of 50000 INR . I cleared 13 lakhs 

Can i pay the complete pending amount now . any pros and cons if we pay before.

Best option where I can benefit

bank vadiki cal chesthe chebutadu kada Animuthaym e db lo evadina bank lo pani chese vadu unada endi 

[rrc_2015]

18 minutes ago, MagajathiAnimuthyam said:

baa i took loan for 30 lakhs in india and I making the  monthly payment of 50000 INR . I cleared 13 lakhs 

Can i pay the complete pending amount now . any pros and cons if we pay before.

Best option where I can benefit

which loan ?? personal loan u can clear upfront with no charges ..

For home loan .. some banks give that OFFER .. for some u need to pay yearly interest and close it.

[Android_Halwa]

personal loan aithe direct ga clear cheseyochu...interest will be calculated till the date you want to pay and clear the dues...dukan bandh.

ade home loan aithe,  pre payment charges vuntayi, usually 2% of the outstanding amount..again, this varies from bank to bank...if you have good relation with bank, the prepayment charges can be as low as 0.5%...

car loan aina kuda, its not worth to keep it...

 

[Sreeven]

Personal loan preclosure ki bank to bank rates different ga vunnai.

Some banks charge 5% some 3% some 0%. 

Check your initial loan app or call bank. 

 

 

[Maryadaramanna]

yes, check the prepayment charges with ur branch, 

If you can invest that amount somewhere for more interest than ur loan payment, go for it.

If u don't want to take any risk; repay ur loan

 

[k2s]

2 hours ago, MagajathiAnimuthyam said:

baa i took loan for 30 lakhs in india and I making the  monthly payment of 50000 INR . I cleared 13 lakhs 

Can i pay the complete pending amount now . any pros and cons if we pay before.

Best option where I can benefit

pay off.. no adv 

[Bamardhi]

1 minute ago, k2s said:

pay off.. no adv 

Why not MC?

[ronitreddy]

3 hours ago, MagajathiAnimuthyam said:

baa i took loan for 30 lakhs in india and I making the  monthly payment of 50000 INR . I cleared 13 lakhs 

Can i pay the complete pending amount now . any pros and cons if we pay before.

Best option where I can benefit

Maturity date?

[MagajathiAnimuthyam]

3 hours ago, ronitreddy said:

Maturity date?

yes technical term maturity date

[MagajathiAnimuthyam]

5 hours ago, Android_Halwa said:

personal loan aithe direct ga clear cheseyochu...interest will be calculated till the date you want to pay and clear the dues...dukan bandh.

ade home loan aithe,  pre payment charges vuntayi, usually 2% of the outstanding amount..again, this varies from bank to bank...if you have good relation with bank, the prepayment charges can be as low as 0.5%...

car loan aina kuda, its not worth to keep it...

 

Thanks Halwa for the info

[MagajathiAnimuthyam]

4 hours ago, Sreeven said:

Personal loan preclosure ki bank to bank rates different ga vunnai.

Some banks charge 5% some 3% some 0%. 

Check your initial loan app or call bank. 

 

 

5% on the total loan amount or the 5 % on the remaining loan amount if I do Predisclosure

[Staysafebro]

Take money and put in an account with more interest and pay monthly installments through that. 

[Sreeven]

13 hours ago, MagajathiAnimuthyam said:

5% on the total loan amount or the 5 % on the remaining loan amount if I do Predisclosure

Remaining principle amount