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dual rate housing schemes

NHB scraps pre-payment fine on dual rate housing loans

NHB scraps pre-payment fine on dual rate housing loans
The National Housing Bank has scrapped pre-payment penalty on dual rate housing schemes. The Reserve Bank of India, the banking regulator, has already removed pre-payment charges on dual rate schemes. Housing Finance Companies (HFCs) generally charge 2-4 per cent of the loan outstanding as early repayment charges in order to deter customers from closing the [...] Continue Reading »



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