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Business Loan Nil foreclosure charges for term loan given to individual @ floating rate of interest.

6% of foreclosure loan amount if within lock in period of 12 months from the date of agreement and 5% on foreclosure loan amount otherwise (plus GST and other applicable statutory levies).

Please Note:

1. In order to foreclose the business loan a written request needs to be submitted or a query under Foreclosure Statement, Only post completion of 6 EMI's and by serving a notice period a foreclosure statement will be issued to you.

2. The time taken to issue a foreclosure statement is 15 working Days. 3. No Waiver can be offered on the Applicable Foreclosure Charges (if any),Lock-in period & Notice period for issuance of the Foreclosure Statement, as it is all clearly mentioned in the Loan Agreement signed by you, prior to the Loan Disbursement.

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