Is there any RBI guideline for minimum prepayment amount for home loan

POSTED BY Gaurav ON November 27, 2012 1:58 am ONE COMMENT

I am planning to take a home loan from HDFC and they are telling me that there is no charges for prepayment but the minimum accepted amount for prepayment is 3 times of you EMI. Does RBI has any guideline in this regards or bank has right to put restriction on minimum allowed prepayment amount ?

One reply on this article “Is there any RBI guideline for minimum prepayment amount for home loan”

  1. Yes, banks can put their own restrictions like that ..

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