I have taken a car loan for a tenure of 3 years in May 2012 for a sum of Rs.3,25,000/- from Axis Bank. Current outstanding amount is Rs. 1,45,778/- for which i would like to close it.
Please suggest if pre-closure/pre-payment affects my CIBIL score. Also will there be a pre-closure of pre-payment charges for Axis bank car loan after 1 year of EMI payment?