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 redemption sum amount more than loan balance, selling property

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mini orchard
post Oct 1 2017, 04:59 PM

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One of the reason could be your early settlement period is not due yet, hence the penalty interest was imposed.

This post has been edited by mini orchard: Oct 1 2017, 05:06 PM
mini orchard
post Oct 1 2017, 05:57 PM

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QUOTE(noiseemunkee @ Oct 1 2017, 05:37 PM)
the lock in period is already over. and i refer back to the offer letter, seem like no charges shall apply.
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Read the fine print of your loan agreement again.The offer letter is just a brief summary. The full t&c is in the agreement Could you have missed out something.

If you find nothing wrong, see the bank officer for an explanation. Then if you wish, can share the answer here so that we can learn something from it.

Answers here are mere speculations, including mine.

This post has been edited by mini orchard: Oct 1 2017, 05:58 PM

 

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