View Full Version : Penalty fees charged by bank ??
Need advise from experts here.
I took a bank loan of about $700k with locked in period of 2 years early this year.
Any idea if i sell my property now, wat would be the penalty be? I understand that the legal subsidy and insurance will be clawed back.
Need advise from experts here.
I took a bank loan of about $700k with locked in period of 2 years early this year.
Any idea if i sell my property now, wat would be the penalty be? I understand that the legal subsidy and insurance will be clawed back.
Banks normally charge 1.5% of outstanding loan during the lock in period. I suggest you check the letter offer from your bank. It will state clearly the penalty charge for FULL redemption.
Need advise from experts here.
I took a bank loan of about $700k with locked in period of 2 years early this year.
Any idea if i sell my property now, wat would be the penalty be? I understand that the legal subsidy and insurance will be clawed back.
u need to read your LO.
When you sign up the bank loan, u didn't ask what is the penalty look like for this?
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