While the process of getting a loan and the repayment of dues have become simple and effortless, the task of finding the best loan provider is a true challenge. Although there are hundreds of financial service companies that provide first-class service to the customer, one needs to carry out adequate web research to find which one fits their requirements the best. Muthoot Finance Online Payment of loans is very easy, so you can process your loan repayment schedule well in advance.
Here are some of the companies offering loan repayment options with nominal or 0 charges for your perusal. Check it out!
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SBI Loan repayment:
If you plan to close your old personal loan account and avail of a new personal loan from SBI, you won’t get charged extra for your loan repayment against the old personal loan. So, you can perfectly plan your loan repayment schedule.
SBI personal loan offers pre-closure, fore-closure, and part-payments of the loans before the end of the personal loan. It would be best to collect the NOC and other loan statements of the last paid EMI.
SBI Loan repayment charges:
Repayment Fees: Allowed after six months at 3% + applicable taxes
Part Payment: Not Allowed
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Muthoot Finance Online Payment:
Muthoot Finance is one of the renowned NBFCs launched in 2001. If you have taken Muthoot Finance personal loan, the company provides Muthoot Finance Online Payment facilities.
The Muthoot Finance Online Payment offers eligible applicants loans at attractive interest rates and minimal repayment charges. The applicants can utilize the Muthoot Finance Online Payment facilities to avail of secured and unsecured loans as per the applicant’s eligibility.
Muthoot Finance Online Payment charges:
Repayment charges: 5% of outstanding loan amount + taxes
Muthoot Finance Online Payment Foreclosure charges: 2.5% of outstanding loan amount + taxes
Being the most reliable partner, Muthoot Finance offers personal loans at a nominal interest rate which is very affordable for the customer. You can plan your loan repayment schedule prior to opting for your loan, so the process goes very smooth.
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ICICI Loan Repayment Charges:
The ICICI bank is one of the most preferred ones when it comes to personal and other loan options. If you plan to repay your ICICI Personal Loan amount, make sure it does not provide a part payment facility on a loan repayment schedule.
However, it offers a waiver on the foreclosure of a loan repayment schedule if you have paid 12 or more monthly EMI.
ICICI Loan Repayment Charges:
Part Payment: Not Allowed
Repayment Fees: Allowed after six months at 5% + applicable taxes
You can definitely go for the ICICI loan as it offers minimal interest rates.
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Tata Capital Loan Repayment:
Tata Capital is one of the ideal companies that provide personal loans, home loans, and any other different types of loans to users. You can browse through all the plans and pick out the best option for you, so you can plan your loan repayment schedule accordingly.
The applicant needs to repay the loan amount through fixed EMIs. However, if you plan to repay the Tata Capital loan, you must pay certain repayment charges.
Tata Capital Loan Repayment Charges:
Part-Repayment: Not Allowed for the first 12 months (Lock-in period)
Part-Repayment: 2.5% + applicable taxes (after the first 12 months)
Foreclosure charges: 4.5% on the due principal amount + applicable taxes
Repayment charges on Top-up: 2.5% on the outstanding principal + applicable taxes
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IIFL Loan Repayment:
IIFL offers applicants home and personal loans at attractive interest rates. It ensures that all the EMIs are affordable and do not strike your pockets. However, if you plan to repay your entire loan amount, IIFL charges for a loan repayment schedule. Do not worry, as the loan repayment charges are nominal, and the whole process is hassle-free.
IIFL Loan Repayment Charges:
Full repayment: Within 12 months: 5% of the amount prepaid + applicable taxes
Post 12 months till fixed date tenor: 3% of the amount prepaid + applicable taxes
Part repayment: Within 12 months: 5% of the amount prepaid + applicable taxes
Post 12 months till fixed date tenor: 1% of the amount prepaid + applicable taxes
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L&T Finance Loan Repayment:
L&T Finance is one of the outstanding finance institutions in India, offering various loans to consumers. However, if you plan to prepay or foreclose the loan, it levies a loan repayment schedule charge to the applicants. Moreover, it is always an excellent option to repay your loan on time because you can successfully clear your debts and free up your finances.
L&T Finance Loan Repayment Charges:
Repayment Charges of Home Loan and Loan against property: Less than one year: 3% on the outstanding amount
Post 1 year: 2% on the due amount
Floating rate: Nil