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.NoEnglish SentenceHindi Translation
1The bank charges a prepayment penalty on home loans.बैंक होम लोन पर पूर्व-भुगतान दंड लगाता है।
2He had to pay a prepayment penalty for closing his loan early.अपने ऋण को जल्दी चुकाने के लिए उसे पूर्व-भुगतान दंड देना पड़ा।
3Some loans do not have a prepayment penalty.कुछ ऋणों पर पूर्व-भुगतान दंड नहीं होता।
4The prepayment penalty was too high to pay off the loan early.ऋण को जल्दी चुकाने के लिए पूर्व-भुगतान दंड बहुत अधिक था।
5She 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।
6Many people avoid loans with a prepayment penalty.कई लोग पूर्व-भुगतान दंड वाले ऋण से बचते हैं।
7His mortgage had a strict prepayment penalty clause.उसके गृह ऋण में एक कठोर पूर्व-भुगतान दंड शर्त थी।
8The company removed the prepayment penalty on personal loans.कंपनी ने व्यक्तिगत ऋण पर पूर्व-भुगतान दंड हटा दिया।
9The borrower was unaware of the prepayment penalty.उधारकर्ता पूर्व-भुगतान दंड के बारे में अनजान था।
10Always 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
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