NHB notification

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No Pre-payment penalty on pre-closure of housing loans from Housing Finance Companies

Notification No. NHB (ND)/DRS/Pol. No. 43/2011-12 - (19/10/2011) - The housing finance regulator said Housing Finance Companies will no longer levy any fee on floating rate loans. In case of fixed rate loans, it has made a distinction and only those borrowers who pay from their “own sources”, such as savings or even loans from relatives, will be exempte...

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NHB advised housing Finance companies to charge Uniform interest (floating rate basis) for old and new customers

NA - (21/10/2011) - The NHB, which is the housing finance regulator, has also asked HFCs to ensure that all borrowers pay the same interest rate, irrespective of when the loan was taken. Download NHB Notification No. NHB (ND)/DRS/Pol. No. 44/2011-12 Dated 19.10.2011 related to Uniformity in charging interest (floating ...

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No Pre-payment penalty on pre-closure of housing loans from Housing Finance Companies

Notification No. NHB (ND)/DRS/Pol. No. 43/2011-12 (19/10/2011)

The housing finance regulator said Housing Finance Companies will no longer levy any fee on floating rate loans. In case of fixed rate loans, it has made a distinction and only those borrowers who pay from their “own sources”, such as savings or even loans from relatives, will be exempted from payment of penalty. In […]...

Read More

NHB advised housing Finance companies to charge Uniform interest (floating rate basis) for old and new customers

NA (21/10/2011)

The NHB, which is the housing finance regulator, has also asked HFCs to ensure that all borrowers pay the same interest rate, irrespective of when the loan was taken. Download NHB Notification No. NHB (ND)/DRS/Pol. No. 44/2011-12 Dated 19.10.2011 related to Uniformity in charging interest (floating rate basis) for old and new customers...

Read More

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