No fore-closure charges and pre-payment

penalties

There is no fore-closure charges and pre-payment penalties for floating rate of interest for a loan taken from any type of Financial Institution; be it a Bank, Non-Banking Finance Company (NBFC) or Housing Finance Company (HFC)

Attach other circular from the respective bodies clarifying the same.

RBI prepayment letter

RBI prepayment clarification

NHB prepayment letter

NHB prepayment clarification

Thank you

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