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
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