Q:Hi all, I m planning to buy an apartment worth Rs 1.2 cr. I'm planning to take home loan for Rs 70 lakh. I'm sure that in coming years I will have enough liquidity to Prepay my home loan. My questions are: What are the consequences of prepaying the home loan? Are thr any hidden charges for prepaying the home loan? Also is it better to prepay to keep the amount in a fixed deposit?
Latest Answer: hi,
Home loan prepayments(full or part) at all banks and HFCs are made free, only when the type of interest is floating. for more information pls call naveen @ 98863 17624
