Pre-Payment of Home Loan | #homeloan #finance #mortgage #knowledge #education #bank #rbi

A prepayment penalty is a fee or charge, that you need to pay to the bank if you opt to repay a loan before the end of its term.RBI allows banks to calculate prepayment charges only on the outstanding loan amount. Typically, the longer you’ve had your loan, the lesser your outstanding loan, and therefore the smaller your penalty. 

Floating rate home loans taken by individuals are exempt from prepayment fees. For others, banks charge a prepayment penalty of 2-3% on the outstanding loan amount at the time of prepayment.

As a borrower, it’s natural to plan to close your loan before time to scale back your borrowings and monthly interest burden. However, make sure to check the prepayment penalties to decide if the savings are worth it.
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#finance #education #knowledge #mortgage #bank #homeloan #rbi

[amitsharma]

Govt. Banks toh waise v charge ni karte loan pre-payment penalty 🙂

[namanbeatboxer]

Pehle Tejas Joshi ab Rohit Joshi pata chalega parso ki Sourav Joshi finance sikhane lagenge 😂😂😂😂

[akashshaw]

Ek video personal loan closure pe bhi banaiye😊

[WebseriesUniverse]

Make another video what to do if bank don't follow this rbi guidline and demand for penalty. Specially banks like hdfc, axis etc.

[ManzarSahil]

I think these things are computerised and he can't ask for payment is there isn't any in the system

[vkingsstudio]

Bhai fir v charge kr raha he ...mene bola to wo bola complain krdo...Ese case me kya Krna chahiye.. please reply

[rsagnihotri]

Sir kaal me fule bharwane gaya tha car me toh mene 1000 ka bola tha or usne 100 daala phele or fir udhar se start karke 900 kar diya fir mujhe yaad aya toh mene use bola

[HemantSoniMarketingExpert]

Dekho videos me kese bhi dikhao jab bank me jaate h sbi bagera me vo khud aapko sb minimum hi batate h .. Ese bakwas nhi krte .. vo khud chahte h customer ka kam se kam khrcha ho na ki Ese jese tum log video bante ho unhe salary milti h bhai .. koi dukandar nhi h vo

[Kunal]

Bhai apne konsa course kiya h bhai please btado muje bhi karna

[yogeshtiwari]

What is better, to save and then prepayment the loan amount, or to do part payment on monthly basis with your saving??

[shaikali]

I got pre-approval two wheeler loan i want to preclosure the loan then i have give interest

[_Boy__]

Are ye sasta Tejas Joshi .
Original ka dekho duplicate ka nahi

[mohitdhanwani]

Yaar ek hi tarah ka content kitne aur log copy karoge Bhai.
Kuch alag banao

[dreamstakeoff]

Jitna gyan aaplog ye dete ho private bank ke norms alg hi hote h aapke ye sab gyan waha nahi chalte h

[light_reason]

Toh mein bank jake ye bakchodi karu. RBI ki koe aukaat hai ki nahi.

[jaysunitha]

agar bank wala nahi ess bat ko nahi mantel hay tho kis ko complet dena hy

[TRADESTROME]

Check kese kare hamri loan floatate interest pr h??

[shubhamchaturvedi]

If I already paid pre payment charges then what is the options to get return of it

[NobalSahu]

Smjh kuch nahi aaya par sunkar achha laga 🌝

[MrMrsCHIT]

kya hm apna already sanctioned home loan jo ki floating rate pe hai use fixed rate pe kr sakte hai kya.