3 min
10-January-2025
Managing your CA loan EMI payments effectively is a crucial aspect of keeping your finances in check and avoiding unnecessary financial stress. CA loans, or Chartered Accountant loans, are typically offered to professionals in the accounting and finance sector, and the EMI payments are usually spread out over a specified tenure. Paying your CA loan EMI on time is not only essential to avoid penalties but also helps you maintain a good credit score, which is important for future financial decisions. In today's fast-paced digital world, there are numerous options available to make EMI payments, offering flexibility and convenience to borrowers. Whether you prefer traditional banking methods or digital payments, understanding the various ways to make CA loan EMI payments can significantly ease the burden of loan repayment. This article aims to provide a comprehensive guide on the importance of timely EMI payments, various payment methods, and how you can set up automated systems for hassle-free repayment. With an increasing number of people adopting online methods, it's essential to understand the available options thoroughly to choose the one that best suits your needs and preferences.
Impact on credit score: Your credit score reflects your financial behaviour and is influenced by your ability to repay loans on time. A timely EMI payment ensures that your credit report remains positive, which helps when you apply for future loans or credit cards. A poor repayment record can negatively impact your score, making it harder to get approval for loans at favorable interest rates in the future.
Avoidance of penalties: Many lenders impose a penalty for late payments, which can significantly increase the amount you owe. If you continuously miss EMI deadlines, the lender may levy additional charges or even change the terms of your loan agreement, such as raising the interest rate or extending the repayment tenure. This increases the overall financial burden, making it more difficult to manage.
Loan tenure reduction: Regular and timely EMI payments reduce the principal amount faster, which in turn shortens the loan tenure. This can result in considerable savings in interest, as a smaller loan principal accrues less interest over time. By staying on top of your payments, you have more flexibility in managing your finances and ensuring that your debt doesn't drag on longer than necessary.
Financial discipline: Consistently paying your CA loan EMI on time also builds a habit of financial discipline. It helps you maintain a clear picture of your financial situation and ensures that you budget effectively. This discipline can prove helpful when managing other loans or making large purchases in the future.
By paying your EMI on time, you ensure that your financial health stays intact, and you avoid the stress of accumulating debt. If you're looking for a way to reduce your EMI burden over time, consider loan part prepayment, which can help decrease both your principal and the total interest.
Online banking: One of the most common and convenient methods for paying your CA loan EMI is through online banking. Using your bank’s internet banking facility, you can initiate the EMI payment directly from your bank account to the lender’s account. This method eliminates the need to visit the bank or lender’s office and offers instant processing.
Steps to follow:
Log into your bank’s online portal.
Locate the “Bill Pay” or “EMI Payment” section.
Enter the details of your loan account, including the amount and due date.
Confirm the payment and submit the transaction.
A receipt will be generated immediately for your reference.
Debit card payments: Many lenders now accept payments via debit cards, which can be used through their official websites or mobile apps. Debit card payments are secure and quick, with no need to enter bank account details each time you make a payment. This is a great option for individuals who prefer a simple, card-based transaction.
To make a debit card payment, you need to:
Visit the lender’s payment portal.
Choose the debit card option.
Enter your card details and EMI amount.
Complete the payment and save the transaction receipt for future reference.
NEFT/RTGS transfer: National Electronic Funds Transfer (NEFT) or Real-Time Gross Settlement (RTGS) are two traditional methods for transferring funds between banks. You can initiate these transfers directly from your bank account to your lender's account by entering their account number and IFSC code.
Steps for NEFT/RTGS payment:
Log into your bank account and navigate to the payment section.
Select NEFT or RTGS as the payment mode.
Input the lender's bank details, including the loan account number.
Enter the EMI amount and schedule the transfer.
Confirm and send the payment. The amount will be credited in real-time or within a few hours, depending on the transfer type.
Cheque payments: If you prefer traditional payment methods, you can issue a cheque for your EMI amount and submit it to your lender's branch. This method requires you to visit the branch or drop the cheque in the designated dropbox. It’s important to keep track of your cheque payments and ensure that your bank account has sufficient funds to cover the cheque.
Mobile wallets: Digital wallets such as Paytm, PhonePe, and Google Pay also allow you to pay your CA loan EMI. If your lender has partnered with a specific payment wallet, you can make quick payments through these platforms.
Cash payments: In certain cases, lenders may accept cash payments at their branches. However, cash payments are less common due to the rise of digital payment options. It's also essential to retain the payment receipt for future reference.
Each method has its advantages and should be chosen based on convenience, security, and personal preference. For more detailed guidance, check out how you can make a Bajaj Finance loan payment through debit card.
Log in to your lender’s online portal or mobile app:
Begin by visiting your lender’s official website or downloading their mobile app (if available).
Enter your user credentials, such as your username, password, or OTP, to securely access your account.
Navigate to the 'Loan Repayment' or 'EMI Payment' section:
Once logged in, find the “Loan Repayment” or “EMI Payment” section within the dashboard or menu.
Many lenders offer a specific section dedicated to setting up and managing repayments.
Link your bank account to your loan account:
To set up auto-debit, you must link your active bank account to your loan account.
Provide your bank details such as your account number, IFSC code, and any other necessary information.
Ensure the bank account you link is valid and has sufficient funds to cover your EMI.
Choose the auto-debit option:
Look for the “Auto-Debit” or “Recurring Payments” option in the EMI payment section.
Select this option to initiate the automatic deduction of EMIs.
Set the payment date and frequency:
Choose a convenient date for the deduction, usually the EMI due date or another date within the month.
Confirm that the payment will be deducted monthly, ensuring it aligns with your EMI schedule.
Verify EMI amount and payment terms:
Ensure that the EMI amount listed is correct and matches your loan agreement.
Double-check any details about the interest rate or loan tenure to confirm everything is in order.
Authentication process:
Most lenders require an extra layer of security for setting up auto-debit. You will likely need to authenticate the process via OTP, which will be sent to your registered mobile number or email.
Follow the authentication instructions and confirm the setup.
Review terms and conditions:
Carefully read through the terms and conditions related to auto-debit payments. These typically outline the fees (if any) associated with the service and other important details like failed transactions.
Activate auto-debit:
After reviewing and confirming all details, activate the auto-debit option.
You should receive a confirmation email or message, confirming that the auto-debit has been successfully set up.
Monitor your payments:
After activation, monitor your bank account to ensure the EMI is deducted automatically each month.
You’ll also receive notifications from your lender after each successful EMI payment.
Setting up auto-debit for CA loan EMI payments is a simple and efficient way to maintain your loan repayment schedule without manual intervention. It helps avoid penalties, late fees, and missed payments, thereby keeping your credit score in good standing.
1. Download the lender’s official app: The first step is to download your lender’s official mobile app from the Google Play Store or Apple App Store. Ensure that you’re downloading the correct app to avoid any security risks.
2. Log in to the app: Once the app is installed, open it and log in using your user ID and password. If you’re a first-time user, you may need to register by providing basic details and creating a secure login.
3. Locate the EMI payment section: After logging in, navigate to the "Loan Repayment" or "EMI Payment" section. This section is specifically designed to help you manage your repayments easily.
4. Choose your CA loan account: If you have multiple loans with the lender, select the CA loan account for which you wish to make the EMI payment. You can also check details like the outstanding balance and due amount in this section.
5. Enter payment details: Next, select the EMI amount you want to pay and choose your preferred payment method. You can pay via debit card, credit card, net banking, or UPI, depending on the available options.
6. Confirm and complete the payment: Once you’ve entered all the necessary details, confirm the payment. The app will prompt you for any additional authentication (like OTP or security code) before processing the transaction. Upon successful payment, you’ll receive an instant notification confirming the payment.
7. Save payment confirmation: It’s crucial to save the payment confirmation or take a screenshot for future reference. This can help resolve any issues or disputes that may arise later.
Using a mobile app for your CA loan EMI payments is a secure, fast, and convenient way to manage your repayments. You can avoid late payments and stay on top of your financial obligations with just a few taps on your phone.
Log in to your online banking account:
Visit your bank’s official website or mobile banking app.
Enter your username and password to securely access your account.
Make sure your internet connection is secure before logging in.
Navigate to the 'Bill Payments' or 'Loan Payments' section:
Once logged in, locate the “Bill Payments” or “Loan Payments” option from the main menu or dashboard.
Some banks offer a specific section for loan payments, so look for this under the “Loans” or “EMIs” category.
Select 'CA Loan' from the list of loan types:
You will see a list of loan types or payment categories (e.g., home loans, personal loans, etc.).
Select “CA Loan” from the list to proceed with the payment.
Enter your loan account details:
Input the loan account number provided by your lender. Ensure that the number is correct, as payments to the wrong account may cause delays.
If your loan is linked to your bank account, it may auto-populate your loan details.
Choose the EMI payment amount:
Review your EMI amount, which is typically pre-filled in the system. If needed, you can manually adjust the amount.
Ensure the payment corresponds to the current EMI due for your CA loan.
Select payment method:
Choose the payment method, whether it’s through a savings account, current account, or other available options such as debit/credit cards linked to your bank.
Ensure you have sufficient balance in the selected account to cover the EMI.
Set the payment date:
You may either choose the immediate payment option or schedule the payment for a later date.
Ensure the payment is made on or before the due date to avoid late fees.
Review the payment details:
Before proceeding, double-check all the details, such as the loan account number, EMI amount, and payment method.
Look for any applicable processing fees (if any) that your bank may charge for online loan payments.
Authenticate the payment:
To confirm the payment, your bank may require an OTP (One-Time Password) or use other security measures (e.g., two-factor authentication).
Enter the OTP received on your registered mobile number or email to authenticate the transaction.
Complete the payment:
After authentication, confirm the payment and submit the request.
Once the transaction is successful, you will receive a payment confirmation message from both your bank and the lender.
Save the payment receipt:
After completing the payment, download or save the transaction receipt for future reference. This serves as proof of payment for your CA loan EMI.
Paying your CA loan EMI using online banking is a quick and reliable method to stay on top of your loan obligations. By following these steps, you ensure timely payments and avoid penalties or negative impacts on your credit score.
Processing fees: Some banks may charge a processing fee for online EMI payments. This fee is usually a small percentage of the EMI amount or a fixed amount, depending on the lender’s policy.
Late payment fees: If you miss the payment due date, lenders may charge a late payment fee. This can be a fixed amount or a percentage of the overdue EMI. To avoid this fee, ensure timely payments.
Service charges: In some cases, lenders may impose service charges for using certain online payment methods. For example, paying through third-party platforms (such as mobile wallets or apps) might attract additional charges.
Bank fees: Some banks may charge a fee for using their online banking services to make loan payments. This fee can vary depending on the type of account and payment method chosen.
Processing time charges: Some lenders may impose charges if the payment is delayed due to network issues or delays in processing.
Currency conversion fees: If you're paying in a currency different from the loan currency (for international payments), currency conversion fees may apply.
Ensure you read the terms and conditions provided by your lender before making any online EMI payments to avoid unexpected charges. For further details, you can refer to Bajaj Finance loan payment through debit card.
Use trusted payment gateways: Always make payments through recognised and trusted platforms such as the official website or mobile app of your bank or lender. Avoid using third-party sites that might not be secure.
Secure your devices: Ensure that the devices you use for making payments are protected with updated antivirus software, firewalls, and strong passwords. This helps prevent malware and other cyber threats.
Two-factor authentication (2FA): Many banks and lenders implement 2FA for added security. This means you’ll need to verify your identity using a second form of authentication, such as an OTP sent to your registered mobile number or email.
Avoid public Wi-Fi: Never make loan payments over public Wi-Fi networks, as they can be insecure. Always use a private and secure internet connection to protect your data.
Check SSL encryption: Look for "https://" in the URL when making payments online. This indicates that the website uses SSL encryption, which encrypts your data and protects it from hackers.
Monitor your transactions: Regularly monitor your bank account and loan payment records for any unauthorised or suspicious transactions. Immediately report any discrepancies to your bank or lender.
Enable transaction alerts: Set up transaction alerts with your bank to receive notifications about any EMI payments or changes in your account balance.
By following these steps, you can ensure a secure online payment process and protect your sensitive financial information. If you want to know more, check out the information on loan part prepayment.
Why paying your CA loan EMI on time is important?
Paying your CA loan EMI on time is crucial for maintaining both your financial stability and credibility with the lender. The timely repayment of your EMI ensures that you do not accrue additional interest or penalty charges, which can significantly increase the cost of your loan over time. More importantly, it helps protect your credit score, which is a critical factor for future loans, credit card approvals, and even job opportunities in some cases.Impact on credit score: Your credit score reflects your financial behaviour and is influenced by your ability to repay loans on time. A timely EMI payment ensures that your credit report remains positive, which helps when you apply for future loans or credit cards. A poor repayment record can negatively impact your score, making it harder to get approval for loans at favorable interest rates in the future.
Avoidance of penalties: Many lenders impose a penalty for late payments, which can significantly increase the amount you owe. If you continuously miss EMI deadlines, the lender may levy additional charges or even change the terms of your loan agreement, such as raising the interest rate or extending the repayment tenure. This increases the overall financial burden, making it more difficult to manage.
Loan tenure reduction: Regular and timely EMI payments reduce the principal amount faster, which in turn shortens the loan tenure. This can result in considerable savings in interest, as a smaller loan principal accrues less interest over time. By staying on top of your payments, you have more flexibility in managing your finances and ensuring that your debt doesn't drag on longer than necessary.
Financial discipline: Consistently paying your CA loan EMI on time also builds a habit of financial discipline. It helps you maintain a clear picture of your financial situation and ensures that you budget effectively. This discipline can prove helpful when managing other loans or making large purchases in the future.
By paying your EMI on time, you ensure that your financial health stays intact, and you avoid the stress of accumulating debt. If you're looking for a way to reduce your EMI burden over time, consider loan part prepayment, which can help decrease both your principal and the total interest.
Different ways to pay your CA loan EMI
There are numerous ways to pay your CA loan EMI, each designed to suit different needs and preferences. Let's explore the most common and reliable methods for making your payments:Online banking: One of the most common and convenient methods for paying your CA loan EMI is through online banking. Using your bank’s internet banking facility, you can initiate the EMI payment directly from your bank account to the lender’s account. This method eliminates the need to visit the bank or lender’s office and offers instant processing.
Steps to follow:
Log into your bank’s online portal.
Locate the “Bill Pay” or “EMI Payment” section.
Enter the details of your loan account, including the amount and due date.
Confirm the payment and submit the transaction.
A receipt will be generated immediately for your reference.
Debit card payments: Many lenders now accept payments via debit cards, which can be used through their official websites or mobile apps. Debit card payments are secure and quick, with no need to enter bank account details each time you make a payment. This is a great option for individuals who prefer a simple, card-based transaction.
To make a debit card payment, you need to:
Visit the lender’s payment portal.
Choose the debit card option.
Enter your card details and EMI amount.
Complete the payment and save the transaction receipt for future reference.
NEFT/RTGS transfer: National Electronic Funds Transfer (NEFT) or Real-Time Gross Settlement (RTGS) are two traditional methods for transferring funds between banks. You can initiate these transfers directly from your bank account to your lender's account by entering their account number and IFSC code.
Steps for NEFT/RTGS payment:
Log into your bank account and navigate to the payment section.
Select NEFT or RTGS as the payment mode.
Input the lender's bank details, including the loan account number.
Enter the EMI amount and schedule the transfer.
Confirm and send the payment. The amount will be credited in real-time or within a few hours, depending on the transfer type.
Cheque payments: If you prefer traditional payment methods, you can issue a cheque for your EMI amount and submit it to your lender's branch. This method requires you to visit the branch or drop the cheque in the designated dropbox. It’s important to keep track of your cheque payments and ensure that your bank account has sufficient funds to cover the cheque.
Mobile wallets: Digital wallets such as Paytm, PhonePe, and Google Pay also allow you to pay your CA loan EMI. If your lender has partnered with a specific payment wallet, you can make quick payments through these platforms.
Cash payments: In certain cases, lenders may accept cash payments at their branches. However, cash payments are less common due to the rise of digital payment options. It's also essential to retain the payment receipt for future reference.
Each method has its advantages and should be chosen based on convenience, security, and personal preference. For more detailed guidance, check out how you can make a Bajaj Finance loan payment through debit card.
How to set up auto-debit for CA loan EMI payments?
Setting up auto-debit for your CA loan EMI payments is an excellent way to avoid delays, ensuring timely payments and avoiding penalties. Here’s a detailed, step-by-step guide on how to set up auto-debit for your CA loan EMI payments:Log in to your lender’s online portal or mobile app:
Begin by visiting your lender’s official website or downloading their mobile app (if available).
Enter your user credentials, such as your username, password, or OTP, to securely access your account.
Navigate to the 'Loan Repayment' or 'EMI Payment' section:
Once logged in, find the “Loan Repayment” or “EMI Payment” section within the dashboard or menu.
Many lenders offer a specific section dedicated to setting up and managing repayments.
Link your bank account to your loan account:
To set up auto-debit, you must link your active bank account to your loan account.
Provide your bank details such as your account number, IFSC code, and any other necessary information.
Ensure the bank account you link is valid and has sufficient funds to cover your EMI.
Choose the auto-debit option:
Look for the “Auto-Debit” or “Recurring Payments” option in the EMI payment section.
Select this option to initiate the automatic deduction of EMIs.
Set the payment date and frequency:
Choose a convenient date for the deduction, usually the EMI due date or another date within the month.
Confirm that the payment will be deducted monthly, ensuring it aligns with your EMI schedule.
Verify EMI amount and payment terms:
Ensure that the EMI amount listed is correct and matches your loan agreement.
Double-check any details about the interest rate or loan tenure to confirm everything is in order.
Authentication process:
Most lenders require an extra layer of security for setting up auto-debit. You will likely need to authenticate the process via OTP, which will be sent to your registered mobile number or email.
Follow the authentication instructions and confirm the setup.
Review terms and conditions:
Carefully read through the terms and conditions related to auto-debit payments. These typically outline the fees (if any) associated with the service and other important details like failed transactions.
Activate auto-debit:
After reviewing and confirming all details, activate the auto-debit option.
You should receive a confirmation email or message, confirming that the auto-debit has been successfully set up.
Monitor your payments:
After activation, monitor your bank account to ensure the EMI is deducted automatically each month.
You’ll also receive notifications from your lender after each successful EMI payment.
Setting up auto-debit for CA loan EMI payments is a simple and efficient way to maintain your loan repayment schedule without manual intervention. It helps avoid penalties, late fees, and missed payments, thereby keeping your credit score in good standing.
How to pay CA loan EMI using a mobile app?
Paying your CA loan EMI using a mobile app is a simple and efficient way to ensure your payments are made on time, without the need for physical visits or complicated procedures. The process is quick, secure, and offers the flexibility to make payments from anywhere, at any time. Here’s a step-by-step guide to making the payment using your mobile app:1. Download the lender’s official app: The first step is to download your lender’s official mobile app from the Google Play Store or Apple App Store. Ensure that you’re downloading the correct app to avoid any security risks.
2. Log in to the app: Once the app is installed, open it and log in using your user ID and password. If you’re a first-time user, you may need to register by providing basic details and creating a secure login.
3. Locate the EMI payment section: After logging in, navigate to the "Loan Repayment" or "EMI Payment" section. This section is specifically designed to help you manage your repayments easily.
4. Choose your CA loan account: If you have multiple loans with the lender, select the CA loan account for which you wish to make the EMI payment. You can also check details like the outstanding balance and due amount in this section.
5. Enter payment details: Next, select the EMI amount you want to pay and choose your preferred payment method. You can pay via debit card, credit card, net banking, or UPI, depending on the available options.
6. Confirm and complete the payment: Once you’ve entered all the necessary details, confirm the payment. The app will prompt you for any additional authentication (like OTP or security code) before processing the transaction. Upon successful payment, you’ll receive an instant notification confirming the payment.
7. Save payment confirmation: It’s crucial to save the payment confirmation or take a screenshot for future reference. This can help resolve any issues or disputes that may arise later.
Using a mobile app for your CA loan EMI payments is a secure, fast, and convenient way to manage your repayments. You can avoid late payments and stay on top of your financial obligations with just a few taps on your phone.
How to pay CA loan EMI using online banking?
Paying your CA loan EMI via online banking is a convenient and secure method. It allows you to make timely payments from the comfort of your home or office. Here is a step-by-step guide to help you make the payment using your bank’s online banking service:Log in to your online banking account:
Visit your bank’s official website or mobile banking app.
Enter your username and password to securely access your account.
Make sure your internet connection is secure before logging in.
Navigate to the 'Bill Payments' or 'Loan Payments' section:
Once logged in, locate the “Bill Payments” or “Loan Payments” option from the main menu or dashboard.
Some banks offer a specific section for loan payments, so look for this under the “Loans” or “EMIs” category.
Select 'CA Loan' from the list of loan types:
You will see a list of loan types or payment categories (e.g., home loans, personal loans, etc.).
Select “CA Loan” from the list to proceed with the payment.
Enter your loan account details:
Input the loan account number provided by your lender. Ensure that the number is correct, as payments to the wrong account may cause delays.
If your loan is linked to your bank account, it may auto-populate your loan details.
Choose the EMI payment amount:
Review your EMI amount, which is typically pre-filled in the system. If needed, you can manually adjust the amount.
Ensure the payment corresponds to the current EMI due for your CA loan.
Select payment method:
Choose the payment method, whether it’s through a savings account, current account, or other available options such as debit/credit cards linked to your bank.
Ensure you have sufficient balance in the selected account to cover the EMI.
Set the payment date:
You may either choose the immediate payment option or schedule the payment for a later date.
Ensure the payment is made on or before the due date to avoid late fees.
Review the payment details:
Before proceeding, double-check all the details, such as the loan account number, EMI amount, and payment method.
Look for any applicable processing fees (if any) that your bank may charge for online loan payments.
Authenticate the payment:
To confirm the payment, your bank may require an OTP (One-Time Password) or use other security measures (e.g., two-factor authentication).
Enter the OTP received on your registered mobile number or email to authenticate the transaction.
Complete the payment:
After authentication, confirm the payment and submit the request.
Once the transaction is successful, you will receive a payment confirmation message from both your bank and the lender.
Save the payment receipt:
After completing the payment, download or save the transaction receipt for future reference. This serves as proof of payment for your CA loan EMI.
Paying your CA loan EMI using online banking is a quick and reliable method to stay on top of your loan obligations. By following these steps, you ensure timely payments and avoid penalties or negative impacts on your credit score.
Fees and charges for CA loan online EMI payments
When making online EMI payments for your CA loan, some banks or lenders may impose certain fees or charges. It’s important to be aware of these to avoid any surprises. Below are the common fees and charges that may apply:Processing fees: Some banks may charge a processing fee for online EMI payments. This fee is usually a small percentage of the EMI amount or a fixed amount, depending on the lender’s policy.
Late payment fees: If you miss the payment due date, lenders may charge a late payment fee. This can be a fixed amount or a percentage of the overdue EMI. To avoid this fee, ensure timely payments.
Service charges: In some cases, lenders may impose service charges for using certain online payment methods. For example, paying through third-party platforms (such as mobile wallets or apps) might attract additional charges.
Bank fees: Some banks may charge a fee for using their online banking services to make loan payments. This fee can vary depending on the type of account and payment method chosen.
Processing time charges: Some lenders may impose charges if the payment is delayed due to network issues or delays in processing.
Currency conversion fees: If you're paying in a currency different from the loan currency (for international payments), currency conversion fees may apply.
Ensure you read the terms and conditions provided by your lender before making any online EMI payments to avoid unexpected charges. For further details, you can refer to Bajaj Finance loan payment through debit card.
Safety and security of online payments
Online payments for CA loan EMIs are becoming increasingly popular due to their convenience. However, it is important to ensure that these payments are secure to protect your financial information. Here are some tips to ensure the safety of your online EMI payments:Use trusted payment gateways: Always make payments through recognised and trusted platforms such as the official website or mobile app of your bank or lender. Avoid using third-party sites that might not be secure.
Secure your devices: Ensure that the devices you use for making payments are protected with updated antivirus software, firewalls, and strong passwords. This helps prevent malware and other cyber threats.
Two-factor authentication (2FA): Many banks and lenders implement 2FA for added security. This means you’ll need to verify your identity using a second form of authentication, such as an OTP sent to your registered mobile number or email.
Avoid public Wi-Fi: Never make loan payments over public Wi-Fi networks, as they can be insecure. Always use a private and secure internet connection to protect your data.
Check SSL encryption: Look for "https://" in the URL when making payments online. This indicates that the website uses SSL encryption, which encrypts your data and protects it from hackers.
Monitor your transactions: Regularly monitor your bank account and loan payment records for any unauthorised or suspicious transactions. Immediately report any discrepancies to your bank or lender.
Enable transaction alerts: Set up transaction alerts with your bank to receive notifications about any EMI payments or changes in your account balance.
By following these steps, you can ensure a secure online payment process and protect your sensitive financial information. If you want to know more, check out the information on loan part prepayment.
