April 19, 2014 9:44 pm
is it RBI rule to produce 6 months bank statement while prepaying your home loan?
Do you have a fixed interest home loan ? Fixed interest home loans have a prepayment penalty charges if payment is not made from your own resources.I suppose
that the bank wants to ensure that the funds are coming from your own account
Dear Srilatha, NO. there is no such rule.
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