Introduction In the context of loans, especially home loans or personal loans, foreclosure charges or prepayment penalties refer to the fees charged by Banks or Non-Banking Financial Companies (NBFCs) if the borrower chooses to pay off the loan amount before the stipulated loan tenure. Such pre-payments can be of two types: Part Prepayment and Absolute … Continue reading Whether Banks or NBFCs can levy foreclosure charges on Prepayment of loan?
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DUCTUS EDGE 