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Home > Forum > Gurgaon > Neighborhood Issues > Pre-payment charges.

Pre-payment charges.

Q: Is it true that RBI has terminated the pre-payment charges on home loan? If yes why so?

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Yes, it is true that RBI has terminated the pre-payment charges. RBI asked the bank that in case of floating rates they should not impose pre-payment charges, as banks are better placed to manage the interest rate risks.
Manisha Soori


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