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monne evaro home loan gurinchi oka thread vesaru , documents em kavali inka ela calc chestaru etc

whilst going through RBI website today for guidelines on prepayment charges found some very informative Faq's about house loans, you can navigate to the page by clicking on the below link
http://www.rbi.org.in/scripts/FAQView.aspx?Id=77

Also RBI press release on[b] Date : [/b]Oct 10, 2011 says
Banks must not recover pre-payment charges in floating rate loans. So I take it for any floating rate loan car, home etc banks must not recover pre-payment charges from customers.
http://www.rbi.org.in/scripts/BS_ViewBulletin.aspx?Id=12597

just thought it may be useful for some of youse.

Cheers

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