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![Life Insurance Corporation of India [LIC] Phone](/img/bn/phone.svg "Life Insurance Corporation of India [LIC] Phone"){kind=small}
+91 22 2217 8600
+91 75 5267 6254
![Life Insurance Corporation of India [LIC] Website](/img/bn/www.svg "Life Insurance Corporation of India [LIC] Website"){kind=small}
![Life Insurance Corporation of India [LIC] Address](/img/bn/location.svg "Life Insurance Corporation of India [LIC] Address"){kind=small}
LIC Central Office, 2nd Floor, Jeevan Bima Marg, Mumbai, Maharashtra, India - 400021
I want to transfer home loan taken from LICHF in dual rate scheme to SBI. During the process Loan Outstanding statement is requested by SBI. In the loan outstanding statement it has been mentioned that I need to pay 2% of existing loan amount as “pre closure amount”.
RBI and the National Housing Bank banned pre-payment penalties on the dual rate loans. But still I have been charged by LICHF.
I have requested the statement on 5-Nov-2012.
Requesting you to help in this context. Please let me know what steps I need to take to avoid “pre closure amount” penalty.