Nowadays everything has been become easy with the loans but the happiness rest with the selection of bank where the loan has been taken.I did a mistake in that.I selected HDFC.I taken 2.5 lakh in 2014 and till now I am paying my interest not my Principle amount.I thought of preclosing it but they said there are no preclosure option.Also there is no part payment.Also for preclosure we have to pay 4% of the loan amount.So be alert in choosing the right bank.