RBI bans fine for pre-paying some biz loans

Posted

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

Effettua l'accesso per mettere mi piace, condividere e commentare!

Business

China's critical mineral squeeze: GTRI urges urgent localisation drive; reverse-engineering push seen key to cutting $100 bn trade gap

China's mineral export restrictions pose a challenge to India's industries. Global Trade Research...

By 0 2

Sports

'Take a bow, Shubman Gill!' - Cricket world erupts after captain’s maiden double ton

Shubman Gill, India's Test captain, mesmerized the cricketing world with a magnificent double...

By 0 8

Entertainment

Inside Trisha's Chennai home worth Rs 10 crore

Trisha Krishnan’s residence in Chennai often grabs attention, as the actress frequently...

By 0 10

Entertainment

Anshula gets engaged to longtime boyfriend Rohan Thakkar

Anshula Kapoor, daughter of film producer Boney Kapoor and the late Mona Shourie Kapoor, is...

By 0 10

National

Today’s News in a Nutshell

KATHMANDU: Khabarhub brings you a glimpse of major developments of the day in Nepal, including...

By 0 28