Comments on: Banks and housing finance companies under scanner for imposing penalty on pre-payment of loans http://taxguru.in/finance/banks-and-housing-finance-companies-under-scanner-for-imposing-penalty-on-pre-payment-of-loans.html Complete Tax Solution Sat, 26 May 2012 16:16:37 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Sanjeev Kumar Tulsyan http://taxguru.in/finance/banks-and-housing-finance-companies-under-scanner-for-imposing-penalty-on-pre-payment-of-loans.html#comment-504199 Sanjeev Kumar Tulsyan Mon, 21 May 2012 10:51:49 +0000 http://www.taxguru.in/?p=14120#comment-504199 Hi, I had taken dual rate loan from HDFC in March 2012, which was to charge interest at fixed rates for 2 years i.e. upto 31st March, 2012. From April, 2012 it has become floating, HDFC is asking for 2% prepayment penalty for prepayment. I want to transfer the loan from HDFC to some other HFC. Kindly advise Hi, I had taken dual rate loan from HDFC in March 2012, which was to charge interest at fixed rates for 2 years i.e. upto 31st March, 2012. From April, 2012 it has become floating, HDFC is asking for 2% prepayment penalty for prepayment. I want to transfer the loan from HDFC to some other HFC.
Kindly advise

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