What is Prepayment / foreclosure charges?
Fee for paying early.
Short answer
Lock-in periods of 6–12 months.
Prepayment / foreclosure charges when buying a loans (india)
Fee for paying early.
Why it matters: Floating-rate loans to individuals cannot carry this; fixed ones often charge 2–5%.
Look for: Lock-in periods of 6–12 months.
Full Loans (India) buying guide