Term loan
This query is : Resolved
29 February 2012
Hello, l am kiran my q. Is if i have 45 lakh term loan and 55 lakh fixed deposit what shall i do term loan period 60 month
29 February 2012
If you require working funds you have to continue with deposit and loan and pay term loan in installments. And if you feel that entire 55 lakhs is not required now or in future for a perios of atleast 36 months it is better to close the term loan account.
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