Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
RE:floating rate interest
by Krishna on Dec 31, 2005 01:42 PM

Yes, there'll be a penalty if you pre-close the loan. The standard is 1.5% of outstanding principal, but it varies from bank to bank and can be negotiated [prior to signing of the loan docs].

    Forward  |  Report abuse
The above message is part of the Discussion Board:
MUST knows when taking a loan