Go and learn regarding principal payment and such.
Best is to call the bank. Does the advanced payment pay the principal.
Depending on which flexi or sem flexi. You need to inform the bank in advance to pay extra to pay down the principal. Instead of just keeping in the account and the bank just take it from there to pay the monthly bill.
This post has been edited by AthrunIJ: Jan 17 2024, 06:24 PM
Advance payment for semi-flexi loan, Still need monthly payment?
Jan 17 2024, 06:23 PM
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