Full payment of EMI transaction

[aarkhanna]

Please let me know how it effect to my credit card account if I clear/ pay complete EMI transaction in one go

 

[kalash@35]

Please let me know how it effect to my credit card account if I clear/ pay complete EMI transaction in one go

1. Prepayment charge - some bank charge fees for payment early so check terms and conditions which percentage charges a fee in remaining amount ex you decide to pay full 21000 rupees in 4 month so you save interest of 4 month and charge foreclosure fees please research on interest about foreclosure fees
2. Interest save
3. Extend credit limit
4. Increase credit score for further debt
5. Get confirm form the bank to closed it

 

[kalash@35]

1. Prepayment charge - some bank charge fees for payment early so check terms and conditions which percentage charges a fee in remaining amount ex you decide to pay full 21000 rupees in 4 month so you save interest of 4 month and charge foreclosure fees please research on interest about foreclosure fees and bank
2. Interest save
3. Extend credit limit
4. Increase credit score for further debt
5. Get confirm form the bank to closed it