HDFC Car Loan
5% prepayment charges of total amt

I took a h.d.f.c bank car loan for my scorpio car for five years and which i m paying regularly and after completing one year i wanted to prepay the total principal left but got shock of my life when bank informed me that i have to pay 5% of the total principal amount left with other charges. as i was not informed by anybody at the time of giving the loan that they will charge for prepayment also.