Part Payment
Prepayment made towards reduction in loan principal amount to reduce interest burden through the same tenure.
Any amount contributed towards part payment on your loan is deducted from the principal loan amount after settling for any overdue amount. The part-payment ...
Tue, 11 Jan, 2022 at 4:57 AM
UPI, debit card, or direct bank transfer via NEFT/RTGS/IMPS are accepted as valid payment methods for part payment. However, NPCI allows UPI payments from a...
Tue, 21 Sep, 2021 at 3:59 PM
When making payments towards loans using bank transfer, bank account details are shown. These bank account details define how your money is allocated agains...
Mon, 10 May, 2021 at 12:21 PM
Part-payment refers to the amount transferred towards the reduction of the principal due under the loan amount. For example, if ₹30,000 is transferred towar...
Mon, 10 May, 2021 at 12:21 PM
No, you cannot part pay the full balance loan amount. In case you want to pay the full balance loan amount, you can click on “Pay for this loan” button on t...
Tue, 21 Dec, 2021 at 1:45 PM
If you have overdue on an existing gold loan, your part pre-payment amount would go towards clearing the overdue amount first. In case you pay more than the...
Mon, 10 May, 2021 at 12:22 PM
If you were given a top-up loan alongside a gold loan, then the amount you pay for part payment is first allocated towards the closure of that loan. The rem...
Mon, 10 May, 2021 at 12:22 PM