Pre-payments before completion of 5 years from the date of
availing the loan
a) Pre-payment amount not exceeding 10 EMIs/ 2 quarterly ... Penalty
18
half yearly / yearly instalments
b) Pre-payment amount more than 10 EMIs/ 2 quarterly / one half Penalty at 1% on the entire
yearly
complaint that the recovery of the foreclosure charges on account of pre--payment
of loan was anti-competitive and therefore the Commission should take action ... rate of 7 0% per annum. The EMI of
this will be F?s.16275/Annua/. The EMI contains an interest component as well
being
provided fixed interest rates on their deposits.
31. Although, through the pre-payment of loan, the principal money is repaid
well in advance ... rate of 10% per annum. The
EMI of this will be Rs.16275/Annual. The EMI contains an interest component
as well as a principal
competitor for a cheaper interest rate or for better service. Through the
pre-payment of loan, the principal money is repaid well in advance ... same amount of money
received in future. If we calculate the EMI and the 'time value for money'
it will be evident that
Neeraj Malhotra vs Deustche Post Bank Home Finance Ltd. & ... on 2 December, 2010
COMPETITION
being provided fixed interest rates on their
deposits.
31. Although, through the pre-payment of loan, the principal money is repaid well
in advance ... rate of 10% per annum. The EMI of
this will be Rs.16275/Annual. The EMI contains an interest component as well as a
principal
said loan was fixed on the basis of
Equated Monthly installment (EMI) through Post Dated Cheques (PDC)/Electronics
Clearance System (ECS) in 120 months. Before ... foreclosure charges at the rate of 5.52% on the outstanding principal
and pre--payment penalty of Rs.24, 729/--. The request of the informant
Ref: Case No. 25/2010, 41/2010, ... vs .£33 U?" £~':S5=..Ig1"
Antitrust - Section 27 Disclaimer: The ... vs Honda Siel Cars India Ltd. & Ors. ... on 1
Neeraj Malhotra vs Deustche Post Bank Home Finance Ltd. & ... on 2 December, 2010
BEFORE
