Prepayment Penalty

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How and why will the current reduction in lending rates, affect home loan rates?

The substantial cut of 0.90% by the State Bank of India in its marginal cost of funds-based lending rate (MCLR), has created a lot of interest amongst the general public and borrowers, in particular. &#82
Don't see much impact from ban on prepayment charges: BoB

RBI has issued an advisory to the banks that you too cannot charge prepayment penalty this could now become mandatory. However, reading on the impact, MD Mallya, chairman and managing director of Bank of Baroda says, he sees not much churn of taking place due to this move.

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Prepayment Penalty

How and why will the current reduction in lending rates, affect home loan rates?

Don't see much impact from ban on prepayment charges: BoB