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Reserve Bank Bans Foreclosure Fees on Floating Rate Personal, Small Biz Loans
The New Indian Express Kottayam
|July 04, 2025
AFTER banning penal charges for foreclosing/pre-payment penalties on mortgage loans a few years back, the Reserve Bank has barred all lenders from levying such charges on floating rate loans granted to micro and small enterprises.
The regulator has also debarred any lenders from penalising personal loan borrowers if the credit is on floating rates.
Dit verhaal komt uit de July 04, 2025-editie van The New Indian Express Kottayam.
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