Tag Archives: prepayment penalty

How can you save on home loan interest?!

A decent home in the heart of a metropolitan, equipped with all the standard and luxury amenities, is perhaps the most cherished dream of every individual. There are times when people have to leave their dream behind and move ahead, or at least, put it aside for the time being, in case of a financial… Read More »

Will it be the axe for prepayment penalty?

Recently the Reserve Bank of India (RBI) has hinted at drafting a policy to restrict banks from imposing prepayment penalty of retail loans. The proposed move follows many such complaints from loan borrowers paying EMIs based on the floating rate of interest. They feel that they are missing out on the benefits of periodical rate… Read More »