I want to make a prepayment through NEFT for Canara Bank home loan. I am not sure whether it is possible or not. I have read certain review on internet. As per these reviews many home loan borrowers have faced an issue related to advance EMI vs. prepayment after they have transferred the payment online to their loan account. Please guide me on this.
If your Canara Bank home loan account number is linked with CBS, then you can easily transfer money to your account from any of your bank account. Money deposited this way will be considered as repayment.