Part Pre-payment and Foreclosure is permitted only after 6 months from the date of the last disbursement date of the loan. Part Pre-payment and foreclosure charges are applicable as per the guidelines of the bank from time to time. There are no part pre-payment charges for a loan where the applicant and the joint applicant are individuals, where the applicant is a business entity and the co-applicant is an individual and where the loan is availed singly by an individual. For all others, part prepayment charges are applicable as per the guidelines of the Company from time to time. The minimum part pre-payment amount stipulated is 50,000/-. Part pre-payment is allowed only once in a financial year up to 25% of the principal outstanding in the loan account on the day of part pre-payment.