Personal loan pre-closure

Is it worth prepaying your ICICI personal loan? Key factors to consider | Mint

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If you have an ICICI Bank personal loan and are considering repaying the loan before its due date, the bank allows you to repay the personal loans before the completion of the loan tenure through prepayment/ foreclosure. Early repayment can help in cutting down on the total interest burden, however before doing so, you must … Read more

Is pre-closing your personal loan a smart move? Pros and cons explained | Mint

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Pre-closing a personal loan from any bank is a good financial decision, but one must be cautious while doing so by keeping certain important points in mind. Firstly, a personal loan is a very risky line of credit that borrowers avail. This is risky because it comes with the potential of higher repayment terms, interest … Read more