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PREPAYMENT PENALTY
Hyderabad Metro to turn profitable next year with IRFC’s low-cost loan: Telangana Chief SecretaryHyderabad Metro is set to become profitable next year. Indian Railways Finance Corporation has provided a Rs 13,527 crore loan to refinance...- Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...
- Personal loan mistakes that cost you lakhs: 9 rules every borrower must know before signing
- Is there a charge for prepayment of home loan?Home loan prepayment: Most banks discourage prepayment because it results in a loss for them. Banks incur additional charges for rerouting ...
- RBI asks banks not to levy penalty on pre-payment of loansRBI said banks should consider allowing their borrowers the facility of prepaying floating rate term loans without any penalty in the inter...
- Stop charging pre-payment penalty on home loans: RBI to RRBsThe Reserve Bank today asked Regional Rural Banks (RRBs) to stop charging penalty on pre-payment of home loans taken on floating interest r...
- RBI restricts banks from charging prepayment penalty on home loansRBI barred banks from charging any fee from a customer who wants to repay an outstanding loan and close the account.
- RBI asks banks not to levy pre-payment charges on home loansRemoval of prepayment penalty on home loans will lead to reduction in the discrimination between existing and new borrowers.
- Now, repay SBI home loans sans penaltySBI has decided to waive pre-payment charges on home loans linked to both floating and fixed rates and for old and new customers, signallin...
- Does it make sense to pre-pay your home loan?Home loan borrowers can breathe easy now as the RBI has indicated it would scrap the prepayment penalties charged by banks.
- Prepayment penalty on home loans on way out, RBI indicatesBorrowers wanting to prepay home loans can look forward to some relief as RBI today indicated that it would scrap prepayment penalties char...
- Rates to rise if prepayment fee is waived: Banks tells RBIHeads of banks will tell the regulator today that if it enforces waiver of prepayment penalty on home loans, interest rates would rise.
- When to prepay a home loan to avoid penaltyA good way to reduce your home loan burden, especially when rising interest rates are bloating your EMIs, is to prepay it.
- Banks face heat over home loan prepayment penaltyThe Reserve Bank of India has expressed its displeasure with a section of banks levying high prepayment penalty on foreclosure of housing l...
- Banks face heat over home loan prepayment penaltyThe Reserve Bank of India may ask banks to ease foreclosure burden if borrowers are willing to prepay loan.
- CCI sends query to RBI on prepayment penaltyThe Competition Commission of India (CCI) has asked banking regulator RBI if it is planning to give banks any direction on the practice of ...
- Banks not ready to withdraw prepayment penalty on forclosureBanks have expressed concern over the competition commission's intervention on homeloan prepayment penalty issue as they fear that this wou...
- CCI frowns on loan prepayment finesA string of lenders, including HDFC Bank, HDFC, Deutsche Postbank Home Finance and LIC Housing Finance, have come under the glare of the co...
- RBI may ask banks to bury pre-payment fineThe Reserve Bank of India (RBI) plans to direct banks to stop levying penalty on pre-payment of retail loans, heeding to a long-standing de...
- RBI says it is against loan prepayment penaltiesAn RTI query directed to the Reserve Bank of India (RBI) has focused the limelight on an important – although largely unremarked upon – pro...
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