Preclosure

Foreclosure charges / Pre-payment penalties on Housing Loan Pre-Payment Penality on Home Loans Reserve Bank of India (RBI) in its monetary policy, during 2012-13 has announced not to permit banks to levy foreclosure charges/pre-payment penalties on home loan on a floating interest rate basis. Further, National Housing Bank (NHB) which regulates the Housing Finance … [Read more...] about Foreclosure charges / Pre-payment penalties on Housing Loan