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RBI considering removing loan foreclosure charges on floating rate loans

Summary by rightsofemployees.com

RBI Rules: RBI is working on such rules that if you repay the loan before time, then you will not have to pay any type of foreclosure charge to the bank or NBFC. Preparations are being made to give great relief to the loan takers through this. Loan Foreclosure Charges: If you have also taken a home loan or personal loan from a bank, then this news is useful for you. Yes, the Reserve Bank (RBI) has issued some draft guidelines, in which it has be…

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rightsofemployees.com

RBI considering removing loan foreclosure charges on floating rate loans

RBI Rules: RBI is working on such rules that if you repay the loan before time, then you will not have to pay any type of foreclosure charge to the bank or NBFC. Preparations are being made to give great relief to the loan takers through this. Loan Foreclosure Charges: If you have also taken a home loan or personal loan from a bank, then this news is useful for you. Yes, the Reserve Bank (RBI) has issued some draft guidelines, in which it has be…

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rightsofemployees.com broke the news in 1 day ago on Saturday, February 22, 2025.

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