Pre-payment Charges on Home Loan

Stop charging prepayment penalty on home loans: RBI to banks In a relief to borrowers, the RBI on Tuesday  asked banks to immediately stop charging penalty on pre-payment of home loans taken on floating interest rates. "It has...been decided that banks will not be permitted to charge foreclosure charges\pre-payment penalities on home loans on floating interest rate basis, … [Read more...] about Stop charging prepayment penalty on home loans: RBI to banks