Dear Sir,
I took plot loan in May 2009 from DHFL and recently got possession from builder (before 2 months). From this month, they have raised interest rate from 11.75 to 13.75% because they are telling since no construction from three years hence we’ll charge commercial rate of interest.
I decided to move from DHFL to LIC and now DHFL is asking 3% as Prepayment clouser charge, because my loan is converted from Plot loan (Home loan) to commercial loan. Please advice, do I need to Pay pre closure charge to DHFL at the time of transfer of loan to LIC.