With SBFC Personal Loans, you can get a loan of a maximum amount of 10 Lakhs rupees. The tenure within which the loan amount has to be repaid is 60 months. There is a minimal processing charge for the personal loan, though the exact percentage is not mentioned by the institution.
What are Personal Loan Pre-closure/Foreclosure charges?
It has been said earlier too that personal loans are taken for meeting financial requirements. However, if you are successful in arranging the money for loan repayment, you can pre- close the personal loan by paying all the money in a single go.
Personal Loan Pre-closure/Foreclosure charges for SBFC
Like many other financial institutions and banks, customers have the facility of pre-closure of personal loans in SBFC. There is a small charge, which is levied on the customer as a pre-payment charge. The exact amount of the charges is not known. However, this charging is an integral part of the loan documentation process. The charge is just a small compensation for the untimely processing and interest loss from the loan.











