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Date : Jun 4, 2009

Question

sir, i have taken a personal loan from HDFC Bank in jan-2009 with repayment in 36 months.can i pay more than my monthly EMI. if yes then what will be the rules for further interest rate.

Answer

You will have to talk with your bank and ask them to restructure your loan since you want to pay more EMI. Your EMI will be increased and your tenure will be reduced.

 

 

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