Part-prepayment

Part-prepayment allowed
Minimum Part-payment (₹) Allowed Only On @for (opt of allowedOnOptions; track opt.id) { {{ opt.label }} } Part-payments per Year @for (opt of perYearOptions; track opt.id) { {{ opt.label }} }
Reduce tenure EMI stays the same Reduce EMI Tenure stays the same Borrower chooses Picked at payment time

Pre-closure (Foreclosure)

Charge on outstanding principal
Individual · floating rate (%) Nil as per RBI Individual · fixed rate (%) Non-individual / business (%) Takeover by another bank (%)
Lock-in Period (months) Interest on Pre-closure @for (opt of interestOnPreclosureOptions; track opt.id) { {{ opt.label }} } Foreclosure Quote Valid (days)

Closure & Restructuring

Auto-close on Zero Balance @for (opt of autoCloseOptions; track opt) { {{ opt }} } NOC / Closure Letter @for (opt of nocOptions; track opt.id) { {{ opt.label }} } Restructuring / Re-schedule @for (opt of restructuringOptions; track opt.id) { {{ opt.label }} }
Release collateral and lien on closure Top-up loan on the same account Allow balance transfer (takeover) out
Unlike an Advance, there is no renewal. A loan ends at maturity or on pre-closure.