PRE CLOSURE OR FORECLOSURE OF HOME LOANS AND RBI DIRECTIONS TO THE BANKS- UTILISE THIS CIRCULAR

RBI/2011-12/589 DBOD. No. Dir. BC.107/13.03.00/2011-12June 5, 2012 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Home Loans-Levy of fore-closure charges/pre-payment penalty Please refer to our circular DBOD. No. Dir. BC. 56/13.03.00/2006-2007 dated February 2, 2007 on reasonableness of bank charges. 2. ┬áIn this context, attention is invited to paragraphs 81 to 83 of the Monetary … Continue reading PRE CLOSURE OR FORECLOSURE OF HOME LOANS AND RBI DIRECTIONS TO THE BANKS- UTILISE THIS CIRCULAR

HOME LOANS AND RBI DIRECTIONS

Banks Can Give up to 90 Percent on Home Loans not exceeding Rs. Rs 20 Lakh The RBI has empowered the Banks to give up to 90 per cent of the value of the property in case of small value home loans up to Rs 20 lakh. But in case of loans above Rs 20 … Continue reading HOME LOANS AND RBI DIRECTIONS