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govindsss
19-01-2012, 09:56 PM
Dear Sir,
Pl. clarify my doubt that if I repay the availed scooter advance or computer advance in advance , Shall I have any monitory benefit in that case, pl. explain me in detail.

Victor
19-01-2012, 11:18 PM
Dear Sir,
Pl. clarify my doubt that if I repay the availed scooter advance or computer advance in advance , Shall I have any monitory benefit in that case, pl. explain me in detail.

Yes the interest liability will come down as the same is calculated on the basis of the outstanding balance on the last day of the month.

Victor

govindsss
20-01-2012, 06:41 PM
Dear Victorji,

Thank you Sir, May I know the calculation or the interest rate (is it calculated on monthly basis or total principle+interest divided by no. months).
Govind.S
[email protected]

prasannakumar
20-01-2012, 07:54 PM
It is
principal installment amount + principal outstanding x (rate of interest/100)/365 x No. of days in the particular month i.e. 30 or 31 or 28 or 29 days

Prasanna Kumar

RKPATHAK
21-01-2012, 05:23 PM
No such special benefit

vgsingh
16-02-2012, 07:50 PM
I made an application for computer
advance in the about one year back
but was kept waiting till now. In the
meanwhile I took GPF withdrawal for
the the purchase of computer. Now
they are saying that since you had
taken GPF withdrawal for the
purchase of computer hence computer
advance cannot be given. What should
I now can do. What are the rules
regarding this. Please guide me.

03-06-2012, 08:48 AM
yes u may get some benifit of the preclousre of the loan

for that ask your admin people to calculate the balance on your account as on date and the interest

make the payment attach the payment challan in original and keep a xerox copy with u and with the request letter to do the balance settlement

since the interst is calculated on the balance on your loan amount per month,u will get some benefit

but the thing is u have to go and ask the person who is incharge in your admin department to show some interest and giving care on your request and do the calculation allas ? he should know the formula to do it and then begins the bank work atlast but not the least u have to write a letter and which should positively not lost somewhere inbetween the ocean of files all depends on how many times u go and requst and how much time u spend beyound your furstrations to contact them and how they react to ur request