Can I prepay my personal loan?
You can prepay your loans without any
hassles. Following are the charges to prepay the loan:
- Lock in period for 1 year
- Foreclosure charges, after 1 year, 5% + GST applicable.
What documents are required for the personal loan?
Since you have already done a complete KYC at the time of opening an account with 5paisa, you do not require to provide any documents. In case, your current address is different from the one given to 5paisa at the time of account opening, you will ...
How to setup auto debit of my personal loan EMIs?
Auto Debit of EMI can be setup by providing a Bank Mandate. This comes in the last stage of loan application where you can download the mandate, sign and upload a scan image for the mandate to be processed with your bank.
How Do I Pay My Personal Loan EMIs?
Your monthly EMI’s will be deducted from your bank account selected by you at the time of loan application. Here, you will be able to choose from the accounts, that you have already mapped to your 5paisa trading account. EMI date will be 3rd of every ...
How do I update my contact number / email address registered under my Personal Loan account?
At the time of the loan application the email and mobile registered with 5paisa is passed on to India Infoline Finance Limited (IIFL). If you wish to change any of the details in addition to updating these through the 5paisa portal you also need to ...
Are there any additional fees & charges applicable for personal loan?
Apart from the EMI amount the following fees will be charged to you Processing fee upto 1.5% Late payment charges in case of default In case your monthly EMI gets bounced, you will have to bear a bounce charge of Rs. 590/- and also penalty charges ...