Can the cm foreclose the loan? What are the charges applicable?
Yes, the loan can be foreclosed. The foreclosure charges of 5% on principal outstanding + 12.24% ST TopIf the cm wants to foreclose the loan before the EMI due date and has opted for an ECS/ Auto Debit facility what is the procedure and time frame to cancel the ECS/ AD instructions? Instruction for stop payment would be issues by Ops as the foreclosure is done. TopWill the cm get a No Due Certificate (NDC) post closure of the loan? Yes, only on customer’s request along with the SPDCs the NDC is given. TopWhere the cm can get the SOA from? Are there any charges? The local operations at the RAPG customer service offices to be contacted and charges applicable as per present rates for issuing the same. Or you could place your request at Phone Banking. TopWhere the cm can get the amort from? Are there any charges? The amortization schedule is sent along with the welcome letter. No charges applicable. TopHow many SPDCs the cm needs to submit? Total 2 no. of SPDCs favoring ICICI Bank Ltd CD L
