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 :

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    LegalHelp

    answered on 23/12/2017

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    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.

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