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Reserve Bank Bans Foreclosure Fees on Floating Rate Personal, Small Biz Loans

The New Indian Express Tadepalligudem

|

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.

- ENS ECONOMIC BUREAU @ Mumbai

The regulator has also debarred any lenders from penalising personal loan borrowers if the credit is on floating rates.

MEER VERHALEN VAN The New Indian Express Tadepalligudem

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