Got a housing loan thru bank and wish to cancel the loan after signing the Letter of offer, the cancellation fee is 1.5% of the loan amount. Can it be waived or reduce?

Answer :



    answered on 23/12/2017

    flag as inappropriate

    Given that you have signed the letter of offer, it is likely that the terms you have agreed to are legally enforceable by the bank. Any requests for waiver or reduction are best negotiated with the bank directly.

    Did you find this post useful? Please provide your feedback by clicking on the link above.