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	<title>Property News India and Featured Real Estate Stories &#187; Prepayment penalty</title>
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		<title>RBI insists on doing away with Pre-payment Penalty</title>
		<link>https://groups.commonfloor.com/news/rbi-insists-on-doing-away-with-pre-payment-penalty-59661</link>
		<comments>https://groups.commonfloor.com/news/rbi-insists-on-doing-away-with-pre-payment-penalty-59661#comments</comments>
		<pubDate>Tue, 08 Apr 2014 12:38:39 +0000</pubDate>
		<dc:creator>gaurav.gupta</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[Central bank]]></category>
		<category><![CDATA[deposits]]></category>
		<category><![CDATA[Governor]]></category>
		<category><![CDATA[lenders]]></category>
		<category><![CDATA[Loans]]></category>
		<category><![CDATA[monetary policy]]></category>
		<category><![CDATA[Penalties]]></category>
		<category><![CDATA[prepayment]]></category>
		<category><![CDATA[Prepayment charges]]></category>
		<category><![CDATA[prepayment charges for home loan]]></category>
		<category><![CDATA[prepayment fee]]></category>
		<category><![CDATA[Prepayment of Floating Rate Home Loans]]></category>
		<category><![CDATA[prepayment of home loans]]></category>
		<category><![CDATA[Prepayment penalty]]></category>
		<category><![CDATA[raghuram rajan]]></category>
		<category><![CDATA[RBI]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=59661</guid>
		<description><![CDATA[The RBI may issue orders to scrap penalty on pre-payment of all retail and small corporate loans.  The central bank disputes the practice of charging pre-payment penalty on any loan since the entire system has moved to floating rates — be it deposits or loans — where rates are charged based on the prevailing markets, [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Borrowers shift lenders to beat high interest rates</title>
		<link>https://groups.commonfloor.com/news/borrowers-shift-lenders-to-beat-high-interest-rates-30912</link>
		<comments>https://groups.commonfloor.com/news/borrowers-shift-lenders-to-beat-high-interest-rates-30912#comments</comments>
		<pubDate>Mon, 22 Oct 2012 03:56:59 +0000</pubDate>
		<dc:creator>Lekshmi</dc:creator>
				<category><![CDATA[Other cities]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Home loan borrowers]]></category>
		<category><![CDATA[Home loans]]></category>
		<category><![CDATA[home loans interest rates cut]]></category>
		<category><![CDATA[Housing loans]]></category>
		<category><![CDATA[interest rate cuts]]></category>
		<category><![CDATA[Interest rates]]></category>
		<category><![CDATA[Loans]]></category>
		<category><![CDATA[outstanding loan]]></category>
		<category><![CDATA[outstanding loans]]></category>
		<category><![CDATA[Prepayment penalty]]></category>
		<category><![CDATA[RBI]]></category>
		<category><![CDATA[Reserve Bank of India]]></category>
		<category><![CDATA[SBI]]></category>
		<category><![CDATA[State Bank of India]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=30912</guid>
		<description><![CDATA[The rate of interest may not have fallen significantly  this year, but due to the difference in new and old home loan interest, the borrowers are shifting their loan from existing lenders to cheap lenders. The State Bank of India (SBI) is offering Rs 30 lakh home loan for the new borrowers at the most [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Home loan prepayment penalty is waived out by RBI</title>
		<link>https://groups.commonfloor.com/news/home-loan-prepayment-penalty-is-waived-out-by-rbi-21975</link>
		<comments>https://groups.commonfloor.com/news/home-loan-prepayment-penalty-is-waived-out-by-rbi-21975#comments</comments>
		<pubDate>Thu, 07 Jun 2012 04:16:52 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Apartment News]]></category>
		<category><![CDATA[Cities]]></category>
		<category><![CDATA[Real estate trends]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Residential Real Estate]]></category>
		<category><![CDATA[home loan]]></category>
		<category><![CDATA[National Housing Bank]]></category>
		<category><![CDATA[prepayment of home loans]]></category>
		<category><![CDATA[Prepayment penalty]]></category>
		<category><![CDATA[Reserve Bank of India]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=21975</guid>
		<description><![CDATA[The Reserve Bank of India ordered all the banks to stop charging penalty on prepayment of home loans taken on floating interest rates. The order is circulated after the Damodaran Committee had observed that foreclosure charges levied by banks on prepayment of home loans were resented by home loan borrowers. The removal of the charges [...]]]></description>
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		<item>
		<title>Prepayment penalty charge will be waived out</title>
		<link>https://groups.commonfloor.com/news/prepayment-penalty-charge-will-be-waived-out-18238</link>
		<comments>https://groups.commonfloor.com/news/prepayment-penalty-charge-will-be-waived-out-18238#comments</comments>
		<pubDate>Wed, 18 Apr 2012 12:11:03 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Real estate trends]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Residential Real Estate]]></category>
		<category><![CDATA[home loan]]></category>
		<category><![CDATA[National Housing Bank]]></category>
		<category><![CDATA[outstanding loan]]></category>
		<category><![CDATA[prepayment fee]]></category>
		<category><![CDATA[Prepayment penalty]]></category>
		<category><![CDATA[Reserve Bank of India]]></category>
		<category><![CDATA[State Bank of India]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=18238</guid>
		<description><![CDATA[The Reserve Bank of India barred banks from charging any fee from a customer who wants to repay an outstanding loan and close the account. This will give the home loan customers a greater flexibility to opt for other banks for better interest rates. Housing finance regulator National Housing Bank (NHB) has already barred home [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Opaque Practices traced on pricing of Home Loans in India</title>
		<link>https://groups.commonfloor.com/news/opaque-practices-traced-on-pricing-of-home-loans-in-india-9216</link>
		<comments>https://groups.commonfloor.com/news/opaque-practices-traced-on-pricing-of-home-loans-in-india-9216#comments</comments>
		<pubDate>Sat, 05 Nov 2011 09:23:02 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Banking sectors]]></category>
		<category><![CDATA[Banks in India]]></category>
		<category><![CDATA[Finance in India]]></category>
		<category><![CDATA[Floating home loans]]></category>
		<category><![CDATA[Housing finance companies]]></category>
		<category><![CDATA[Loan Borrowers]]></category>
		<category><![CDATA[Prepayment penalty]]></category>
		<category><![CDATA[RBI]]></category>
		<category><![CDATA[Reserve Bank of India]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=9216</guid>
		<description><![CDATA[Reserve Bank of India (RBI) recently had set up a committee to taken initiative of ensuring proper flow of finance in India. This was also aimed to ensure transparent and non-discriminatory pricing of credit. Meanwhile the Deputy Governor of Reserve Bank of India, K C Chakrabarty reported saying that the housing finance companies and the [...]]]></description>
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