Vinit Nair
24 September 2018
if you don't have any reciept regarding your cash payments then it will be very difficult to prove that you did paid your EMI's. if you have paid through cheque, RTGS, NEFT then ask the collection manager of the bank to check your statement of account and pay the balance amount and settle the loan. If you opt to go for one time settlement i.e(56000/-), then while applying for another loan in future, it will show in your CIBIL record, if you go for 70350/- then it will said as account fully paid, dont just rely on their mentioned amount, verify it and ask them to provide foreclosure letter, and then take a call as per your conceniency.
NOTE: ( It might be the interest and interest on interest upon principal amount that it went up around 70k.)