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SBI to waive preclosure charges on Home loan

Discussion in 'Home finance' started by sunil, Nov 28, 2011.

  1. sunil Member

    State bank of India has recently decided to waive preclosure charges on home loans. Pre closure charges are the amount which a bank charges on the principal if a borrower decide to repay and close the loan account. SBI is going to be the only bank in India to do so. Hope, others also joins the party.
  2. real_buzz Moderator

    Good to hear that, at least some good news for home loan borrowers.

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