Address: | Bangalore, Karnataka |
I have a home loan with ING Vyasya bank and want to make part payment or per close the loan, but the bank says:
1. I can make part payment of only 25%. Anything above that will be charged 3% penalty
2. Pre closure will be charged with 2% penalty
When I told them about RBI regulation of scrapping of per closure or part payment charges, they mentioned that it is applicable only to housing finance companies and they are a bank and not housing finance company.
Would like to know if ING can still charge penalty for additional part payment or pre closure.
Thanks
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