Dec 8 2021, 08:59 AM
QUOTE(ProSambalEater @ Dec 7 2021, 10:57 PM)
Hi all, need info on making one lump sum repayment of housing loan principal amount using cheque.
I was informed that i need to go to physical bank branch to do this.
Anyone has more info or complete steps on this? Can i just write a cheque and deposit at the cheque machine?
TQ
Simple answers is NoI was informed that i need to go to physical bank branch to do this.
Anyone has more info or complete steps on this? Can i just write a cheque and deposit at the cheque machine?
TQ
You are having a public bank so called semi flexible loan whereby any principal repayment must be made over the counter and you must inform the clerk that you are making principal repayment.
Else it's just credited as advanced payment and sits there and does not reduce the the interest amount
After making the payment check your slip to make sure its stated as principal repayment
Ex public bank customer
Quote
0.0121sec
0.31
7 queries
GZIP Disabled