POSTED BY March 10, 2011 9:19 am COMMENTS (13)ON
I am Nilesh Jain from Bangalore.
I have a Home Loan from HDFC bank and my query is
Recently i did some prepayment towards my principal amount and according to HDFC they charged me simple Interest on the Amount i paid.
I wanted to know is charging Simple INterest is correct as now according to new rule there will be no charge on the prepayment.