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What rules need to be followed in prepayment?- Property Hotline
Posted
July 8, 2016
Views
119
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July 8, 2016
119
1
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2:02Now PlayingBe Un Confused
Expert: Harshil Mehta, CEO of DHFL.
Question: I have taken a home loan from LIC Housing Finance for 15 years. I have already paid EMIs from October 2012 to June 2016. I want to know if it is possible to prepay the remaining amount of my loan. What are the rules that need to be followed in case of a prepayment?
Answer: There are no rules to follow you can do prepayment. There are no rules for floating Interest rate loan; you can easily do prepayments.
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