Hi,
I have taken home loan from LICHFL for 15 years(first 3 years fixed and remaining 12 years floating). I want the loan transferred to SBI. But since i have just completed 1.5 years on Fixed, LICHFL is charging Penalties for loan takeover. Can You please suggest does RBI rules for no penalties on pre-closure is applicable on this or any chance if LICHFL can change my fixed rates to floating rates from now on and then move it to SBI. Please suggest as the penalty charges comes around Rs 50,000.