Dear Sir,
I had taken a personal Loan of Rs 8 lakh from HDFC bank in June 2014.I have paid 2 EMI till date.But now the purpose for which i had taken the loan no more exist and i want to foreclose my personal loan,I am ready to pay the penalty charges incurred by the bank as the loan is of no use to me any more. But the bank say i cannot close the loan as they have the lock-in period of 12 months & i cannot close the loan before 12 months.But I wanted to close the loan as the amount is just lying in my account without getting used & i am unnecessary paying the EMI which is creating an extra burden on my expenses.
Note:- I am ready to pay the penalty to foreclose the loan
Please suggest how to get out from this situation.
Rupesh
9920673742