Pre-Payment Penality on Home Loans.

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..... Pre-Payment Penality on Home Loans. - News and Press Release Dated:- 27-4-2012 - News - Press Information Bureau Government of India Ministry of Finance 27-April-2012 17:35 IST Pre- .....

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..... 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 .....

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..... a floating interest rate basis. Further, National Housing Bank (NHB) which regulates the Housing Finance Companies (HFCs) have advised them not to levy pre-payment charges on the borrowers where th .....

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..... e housing loan is on floating interest rate basis. Further, NHB has also advised the HFCs not to levy any pre-closure charges even where the housing loan is on fixed interest rate basis and the loan i .....

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..... s pre-closed by the borrowers out of his own sources. This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today. ** .....

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..... *** DSM/SS/Hb - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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