Is it RBI rule to produce 6 months bank statement while prepaying your home loan?

POSTED BY Srilatha Guda ON April 19, 2014 9:44 pm COMMENTS (2)

is it RBI rule to produce 6 months bank statement while prepaying your home loan?

2 replies on this article “Is it RBI rule to produce 6 months bank statement while prepaying your home loan?”

  1. roshan says:

    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

  2. ashalanshu says:

    Dear Srilatha, NO. there is no such rule.

    Thanks

    Ashal

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