The Reserve Bank of India (RBI) has prohibited banks and other regulated lenders from charging prepayment fees on floating-rate loans taken by...
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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.
The Reserve Bank of India (RBI) has prohibited banks and other regulated lenders from charging prepayment fees on floating-rate loans taken by...
RBI has detered banks and other lenders to charge pre-payment penalties on all floating-rate loans and advances, including for business purposes,...
RBI has detered banks and other lenders to charge pre-payment penalties on all floating-rate loans and advances, including for business purposes,...
RBI's new directive allows banks to accept voluntary gold and silver pledges for agricultural and MSME loans up to Rs 2 lakh, even within...
The RBI has now allowed banks to accept gold and silver as collateral for certain loans—but only if the borrower offers it willingly. This applies...
His daughter told the police that he had taken a ₹32 lakh loan from a money lender, and his family added that two police constables were often...
His daughter told the police that he had taken a ₹32 lakh loan from a money lender, and his family added that two police constables were often...
Aye Finance, MSME lender providing working capital and business expansion needs to the micro enterprises in India has been ranked 3rd amongst the top...
Aye Finance, MSME lender providing working capital and business expansion needs to the micro enterprises in India has been ranked 3rd amongst the top...
RBI is advocating for a secure, unique borrower identifier to eliminate data duplication and inaccuracies within credit bureaus, ultimately aiming to...