Foreclosure
Querist :
Anonymous
(Querist) 09 March 2018
This query is : Resolved
i have a overdraft account with indusind bank just few months back it sanctioned now i want to take over the over draft account to other bank but the bank officials are telling me to pay 2% charges for the sanction limit. do i have to pay the charges cos it just 5 months back they sanctioned. Please suggest
SHIRISH PAWAR, 7738990900
(Expert) 09 March 2018
Read the agreement you executed. Bank can recover the prepayment charges for early payment of loan.