Afinoz Forum

Forum is a group of members on whom we can lean on. Post your queries and get answers you can count on.

Post your queries and get answers, download the app now.

Ahana Kohli25 Feb 2020

@ahanakohli

Personal loan preclosures

When you are ready to pay the amount to the lender of your existing loan in part or in full before the due date it is known as pre-closure. Many lenders offers to pre-close the loan that may or may not be chargeable. Before one applies for the loan, it is therefore important to carefully understand the charges being levied other than interest rate.