Punjab and Sind Bank avoid pre payment penalties
No Comments Sub Category:Realty News,Uncategorized Posted On: Feb 10, 2012
After State Bank of India, ICICI Bank and Central Bank of India, Punjab and Sind Bank has followed suit avoiding pre payment penalties.
Now borrowers who have taken home loans from these banks can pay before the time without worrying about the penalties.
This initiative was taken viewing the borrowers will to repay the loan back way before the schedule.
In October 2011, already National Housing Bank who regulates the rules of home loans had directed all the banks to abolish pre payment penalty from then onwards.
Source: NDTV PROFIT
Tags:
Home loans, Home loans by Punjab and Sind Bank, ICICI Bank, National Housing Bank, pre payment penalties, Pre payment penalties by Punjab and Sind Bank, Punjab and Sind Bank, State Bank of India
