Whether Bank will charge penalty in case I receive Gift from relative for home loan Prepayment.
Whether Bank will charge penalty in case I receive Gift from relative for home loan Prepayment.
over last few years, several banks and HFCs have removed prepayment charges. However, if you replace the current loan by borrowing from another bank, they would charge prepayment charges. Prepayment through gift from family should ideally not attract such charges
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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