Dear Sir
I have taken a Housing Loan of Rs. 2700000 (Loan Account Number is 581376021) from Housing Development Finance Corporation Ltd. (HDFC) Ltd., Delhi. In terms of the loan agreement dated 16th Nov with no prepayment charges if I pay it from my own sources (eg.savings or loan from relatives). Upon foreclosure of my loan account, the Balance amount of Rs.1478783/- to be paid by me on dated 3rd October. I prepaid my loan from my own sources on dated 3rd october to foreclose my account because of increasing interest rate.
To prepay the loan, I have arranged some money from my relative through personal cheque and not from any financial institution or bank. But they refused to consider the amount taken from my relative and charged Rs. 27703/- as prepayment charges (@ 2% INCL ST/EC) on Rs. 1255783/- (out of Rs.1478783/-) after considering only 223000/- as my own sources.
I therefore request you to kindly reconsider my case as I have not arranged any amount from any Bank or financial institution to prepay my loan.
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