Are You taken for a Ride by Bankers while Availing Housing Loans?
It is claimed that the banking sector is regulated and controlled by RBI. But how far that control is effective is a question being asked by many. RBI has come out with a dictum that no bank can charge per-payment penalty for early repayment of housing loans. Banks claim that they have adhered to the terse warning by the regulator. But reality is different. They may not be charging a pre-payment penalty and the procedure for extracting money from the customers...
