After banks, housing finance cos to do away with prepayment penalty

... NHB Chairman RV Verma told FE, "We are trying to ensure that customers from HFIs and banks should be treated alike, and the prepayment penalty, just like in the case of banks, should be waived by the HFIs as well. The RBI is in the process of issuing guidelines. We are also planning to issue (similar) guidelines to ensure that everyone gets a fair deal.”.....

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