Hi Can any one provide me information on Education Loan related I have a doubt below:
1) If I want to sell the mortgaged property given for taking education can I pre pay the loan and is there any additional charges will banks leavy ?
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Education Loan Pre-payment and Sale of Mortgaged Asset
Replies (6)
But the mortgage property cannot be sold by you
I want pay the full loan amount taken and once it's paid then I want to sell the mortgaged property.
Yes you can pre pay the loan and sell off the mortgaged property. There is a pre payment penalty which you can inquire with the bank
If you prepay the loan then you can sell the mortgage property
Agreed
Thank you
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