Dear Pankaj,
I took a housing loan of 16.32 lakhs in 2008. Currently the outstanding is around 15.84 lakhs. I took the loan for a house which I am planning to sell now. The buyer who is going my house is going to make the full payment of the loan in order to get the agreement papers. For prepayment of the loan whoever pays the loan (whether it is myself or the buyer) , the bank is charging me 2% of the full amount and it is saying that this is as per the latest government rules which came into force just now. Now my question is when the buyer is giving the money from his bank through a cheque which is monitored by the Income Tax and government officials, why is the bank charging me 2%
Thanks & Regards, Nitin Rao Chandavar
