Prepayment Penalty Meaning in Hindi | Definition & Examples

Prepayment Penalty: पूर्व-भुगतान दंड

Word Meaning in English and Hindi:

• English: A fee charged when a loan is paid off before its due date.
• Hindi: जब ऋण को समय से पहले चुका दिया जाता है, तब लगाया जाने वाला शुल्क।

Description:

A prepayment penalty is a fee imposed by lenders when a borrower pays off a loan before the agreed-upon term. This penalty compensates the lender for lost interest payments. It is commonly applied to home loans, personal loans, and auto loans.

Examples:

S.No	English Sentence	Hindi Translation
1	The bank charges a prepayment penalty on home loans.	बैंक होम लोन पर पूर्व-भुगतान दंड लगाता है।
2	He had to pay a prepayment penalty for closing his loan early.	अपने ऋण को जल्दी चुकाने के लिए उसे पूर्व-भुगतान दंड देना पड़ा।
3	Some loans do not have a prepayment penalty.	कुछ ऋणों पर पूर्व-भुगतान दंड नहीं होता।
4	The prepayment penalty was too high to pay off the loan early.	ऋण को जल्दी चुकाने के लिए पूर्व-भुगतान दंड बहुत अधिक था।
5	She asked the bank about the prepayment penalty before signing the agreement.	उसने समझौते पर हस्ताक्षर करने से पहले बैंक से पूर्व-भुगतान दंड के बारे में पूछा।
6	Many people avoid loans with a prepayment penalty.	कई लोग पूर्व-भुगतान दंड वाले ऋण से बचते हैं।
7	His mortgage had a strict prepayment penalty clause.	उसके गृह ऋण में एक कठोर पूर्व-भुगतान दंड शर्त थी।
8	The company removed the prepayment penalty on personal loans.	कंपनी ने व्यक्तिगत ऋण पर पूर्व-भुगतान दंड हटा दिया।
9	The borrower was unaware of the prepayment penalty.	उधारकर्ता पूर्व-भुगतान दंड के बारे में अनजान था।
10	Always read the loan agreement carefully to check for a prepayment penalty.	पूर्व-भुगतान दंड की जांच के लिए हमेशा ऋण समझौते को ध्यान से पढ़ें।

More Info About the Word:

• Pronunciation: प्री-पेमेंट पेनल्टी
• Word Type: Noun
• Synonyms: Early repayment fee, Loan closure charge, Advance payment fee
• Antonyms: No penalty, Free prepayment, Waived fee