Axis Bank, the third largest private sector bank by assets, has the lead in scrapping the practice over a home loan. The Bank has decided to no prepayment penalties on his home loan for free, even if customers a loan move to a competing bank.
Others, including State Bank of India, Housing Development Finance Corporation and ICICI Bank to impose prepayment penalties, if any of its customers to a home loan to refinance with new loans at lower interest rates Home Loan.
Saturday, May 1, 2010
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