Q: i took loan from bank can i return the money back or there will be any penaltys and tell the steps to return the money plz
A: Dear Your question was not clear, Anyhow, If you took the loan from a Bank (personal loan) you can pay back the money lumpsum at any time and you may have to pay the pre-closure fee if anything as per the loan terms that provided to you by the bank. If you took the loan from any bank's credit card, you may have to pay the interest for whole tenure and a pre-closure charge as per the terms. So check the bank's call centre before proceeding, because if you need to pay the interest for the whole tenure, there is no meaning of pre-closure. And you hae to find some more money to pay it back ('caz you may have to pay the principle + whole period interest and/or the pre-closure charges) Please check and proceed Thx