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Is there an early repayment option available? Is there a penalty charge?

April 26, 2017charge early option penalty repayment

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Is there an early repayment option available? Is there a penalty charge?

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Full and final repayment from own sources shall not attract any penalty. Once a year partial repayment shall be allowed without any penalty however in case the outstanding liability is swapped by another bank 5% of the outstanding principal balance shall be charged.