RBI bans fine for pre-paying some biz loans | Dununu.com : Circle...

Dununu.com Dununu

Commandité

RBI bans fine for pre-paying some biz loans

RSS Feed Business

Posté

59

The RBI has prohibited prepayment penalties on floating-rate personal and small business loans to simplify lending and facilitate lender switching. Effective January 1, 2026, this directive applies to loans sanctioned or renewed by various financial institutions. The waiver extends to loans up to Rs 50 lakh for smaller lenders, ensuring transparency and fairness in loan transactions.

Read Full Article

Connectez-vous pour aimer, partager et commenter!

Manickam Tagore, VCK question voices in Congress that reportedly called for tie-up with S Ramdoss

Par 0 1

Bihar polls: ECI lists 11 documents for voter roll update, Aadhaar not included; check what's required

Par 0 1

IND vs ENG: Insatiable Shubman Gill shows why he's undisputed leader of lineup

Shubman Gill is proving his mettle as India's new Test captain, silencing doubts with a...

Par 0 7

One killed in motorcycle accident in Hetauda

HETAUDA: A motorcyclist died in an accident on Rapti Road in Hetauda Sub-metropolitan City-10,...

Par 0 13

SC verdict sparks uproar online over constitutional appointments

KATHMANDU: The Supreme Court’s long-awaited decision on the constitutionality of 52...

Par 0 13