What is broken period loan interest due in LIC. in my loan status it shows this and in my loan interest payment is shown as “no due”. But my due was in August month which i couldn’t do the interest payment. When I entered online portal to pay, I can’t pay my interest amount. Please let me know about this regarding. I paid through loan partial repayment, is that correct? If not please let me know, how I have to pay the broken peroid interest due via online.
Broken Period Loan Interest Due is the interest that is due for the days before the start of next quarter. Suppose you took the loan on 25th March and the loan quarter starts in LIC from April, then this 6 days interest is called as Broken Period Loan Interest Due.
However, I am not sure what went wrong with the portal. Hence, better to suggest you to contact the home branch immediately for the same.
Thank you very much for immediate response.