Good News For Borrowers: RBI Considers Removing Loan Foreclosure Charges On Floating Rate Loans
The Reserve Bank of India has invited public feedback on the draft rules by March 21, 2025, to eliminate foreclosure charges and prepayment penalties on floating rate loans.
The Reserve Bank of India has invited public feedback on the draft rules by March 21, 2025, to eliminate foreclosure charges and prepayment penalties on floating rate loans.
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