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- by raZer
- Sat Oct 20, 2007 3:53 pm
- Forum: US India Dual Tax, Cross country tax, FBAR
- Topic: ICICI Home Loan Foreclosure
- Replies: -1
- Views: 211
ICICI Home Loan Foreclosure
You can prepay 4 times a year. With the minimum prepayment=2 x EMI. You can prepay till the last 12 EMIs are remaining. So 12 x EMI = Principal+interest for the last 12 EMIs cannot be altered. A foreclosure at this stage will warrant penalties (2%+ST) on the remaining principal and the prepaid ...
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