3 thoughts on “Ask The Readers: Can You Make Part Prepayments On Your Car Loan?

  1. Dear Vinaya- prepayments are possible. All you need to negotiate well with Axis Bank. If they say No, just move to a bank which encourages prepayments for car loans. I hold a car loan from SBI jayanagar 3rd block. They encouraged me to do prepayments.
    Good Luck!

  2. Will try my luck.

    When you do a prepayment, do you send in a check and specifically ask for the amount to be fully applied against the outstanding principal? Does SBI give you a new Loan Amortization Sheet once the prepayment has been credited?

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