Gaurav Mohta | Answer |Ask -Follow
Answered on Oct 14, 2022
I have another home loan of Rs 4 lakh and repaying from last 5 years, now I want to close it, but bank is also demanding some charges for it and asking for my 6 months’ bank statement. Kindly give your suggestion/advice on it.
For your other loan, a lender is under their rights to ask for your bank statement for the last 6 months and foreclosure charges are also a policy they are allowed to charge.
In future I would suggest going through the terms and conditions offered by the lender closely since they are liable to disclose such charges. This can help you take a well-informed decision on choosing your lender.
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