A part-payment (repayment) of the loan means repaying a portion of the borrowed amount before the tenure. There is no fixed amount for this. However, this amount is higher than the interest amount for the particular month. Part-payment of the loan helps in reducing the tenure, giving you some additional benefits.
Yes, with the ‘Loan@Home’ service, you can avail the part-payment or part repayment facility at your convenience. For further queries, please fill the callback form; our executive will get in touch with you at the earliest.