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RBI Issues Guideline on Pre-payment Charges on Loans to Make Prepayment Easier

Summary by studycafe.in

RBI Issues Guideline on Pre-payment Charges on Loans to Make Prepayment Easier The Reserve Bank of India (RBI) is introducing rules called the Pre-payment Charges on Loans Directions, 2025, to stop unfair penalties charged by banks and financial institutions when borrowers repay their loans early. Prepayment charges, also known as prepayment penalties, are fees that […]

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RBI Issues Guideline on Pre-payment Charges on Loans to Make Prepayment Easier

RBI Issues Guideline on Pre-payment Charges on Loans to Make Prepayment Easier The Reserve Bank of India (RBI) is introducing rules called the Pre-payment Charges on Loans Directions, 2025, to stop unfair penalties charged by banks and financial institutions when borrowers repay their loans early. Prepayment charges, also known as prepayment penalties, are fees that […]

18 hours ago

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studycafe.in broke the news in 18 hours ago on Friday, July 4, 2025.

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