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Thread: Change my home loan

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  1. #1
    NewBie
    Join Date
    Mar 2009
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    HDFC informed that penalty charges at the rate of 3% (along with Service Tax and educational cess on ST) will have to be paid by me if I am transferring the loan to another bank. Is it reasonable?

  2. #2
    Super Moderator PolicyWala's Avatar
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    Feb 2009
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    New Delhi
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    Quote Originally Posted by Shikha Sharma View Post
    HDFC informed that penalty charges at the rate of 3% (along with Service Tax and educational cess on ST) will have to be paid by me if I am transferring the loan to another bank. Is it reasonable?
    These are pre-payment charges. Pls check terms and conditions of the loan.

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