Tag: Housing Loan

IT Exemption

Budget 2017 – Expectations of the Salaried Class

Budget 2017 – Expectations of the Salaried Class With the Union Budget 2017 just a couple of weeks away, there are expectations that the government will take some measures to help the common man, especially the salaried class, who has […]

Loan

Foreclosure charges / Pre-payment penalties on Housing Loan

Foreclosure charges / Pre-payment penalties on Housing Loan Pre-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 a […]

Loan

Stop charging prepayment penalty on home loans: RBI to banks

Stop charging prepayment penalty on home loans: RBI to banks In a relief to borrowers, the RBI on Tuesday  asked banks to immediately stop charging penalty on pre-payment of home loans taken on floating interest rates. “It has…been decided that […]