loan-pre-payment-penalty - Latest News on loan-pre-payment-penalty | Read Breaking News on Zee News

RBI panel favours 30 year fixed rate loans

Last Updated: Wednesday, January 23, 2013, 18:11

Seeking to encourage housing activity, an RBI committee has pitched for introduction of fixed rate loans for up to 30 years and also asked banks to explore the possibility of levying "reasonable" pre-payment penalty on the outstanding amount only.