Prepaying home loan

Closing a Home Loan successfully is considered a priority by many, primarily because failing to make repayments could result in losing one’s home. A borrower has to be very cautious while closing a home loan as the process of closing a home loan is as cumbersome as applying for a fresh home loan. While applying […]

The RBI has shown its displeasure in past on prepayment charges and has been advising the banks against it. The prepayment penalty for public sector banks is about 1% or less, while it can be anywhere between 1% and 3% in private banks. According to source, banks do not charge any prepayment penalty if you […]