HDFC Home Loan Prepayment Charges
This is a discussion on HDFC Home Loan Prepayment Charges within the Home Loan forums, part of the Loan category; Hi, I took a home loan from HDFC at floating rate, 5 years back. I have been paying the EMIs ...
- 07-28-2010, 05:36 PM #1
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HDFC Home Loan Prepayment Charges Hi,
I took a home loan from HDFC at floating rate, 5 years back. I have been paying the EMIs regularly.
Even after paying for 5 years, the principal payment is just about 7%, while I have huge interest payment.
Now I plan to sell the house as I cannot continue with the huge EMIs (high ROI). HDFC is charging 2% prepayment fees even if I sell and prepay them the amount, or the same loan is transferred to the new buyer.
Can you help suggest a way to avoid this charge.
Thanks
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