no fore-closure charges and pre-payment penalties for floating interest rate loans taken by...
Post on 03-Jan-2016
215 Views
Preview:
TRANSCRIPT
No fore-closure charges and pre-payment penalties for floating interest rate loans
taken by individual borrowers
There is no fore-closure charges and pre-payment penalties for floating rate of interest for a loan taken from any type of Financial Institution; be it a Bank, Non-Banking Finance Company (NBFC) or Housing Finance Company (HFC)
Attached are circulars from the respective regulatory bodies clarifying the same.
RBI prepayment letter
RBI prepayment clarification
NHB prepayment letter
NHB prepayment clarification
Thank you
www.takebestloans.comContact; 022 – 6990 4488
top related